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BMWU energy firm put on hold

Friday, October 25, 2024 | 1030 Views |

Thinking big: The BMWU says establishing its own private company would boost the revenues of the minerworkers’ organisation beyond subscriptions
PIC: MORERI SEJAKGOMO

FRANCISTOWN: The Botswana Mine Workers Union's (BMWU) oil and gas private company, Leru Energy, is yet to hit the ground, two years after being formed as a joint venture targeting 10% of local mines' requirements.

BMWU General Secretary Mbiganyi Gaekgotswe told BusinessWeek that progress has been slow in getting Leru off the ground.

In 2022, BMWU launched Leru, a 100% citizen-backed firm under the ownership of Badirakhumo Investments, a joint venture between the union and Southern African Stones (Pty) Ltd, a private entity. The two companies enjoyed equal shareholding in the energy company.

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BMWU energy firm put on hold

FRANCISTOWN: The Botswana Mine Workers Union's (BMWU) oil and gas private company, Leru Energy, is yet to hit the ground, two years after being formed as a joint venture targeting 10% of local mines' requirements.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

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Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred