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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