mmegi

Bomaid in talks for MRI’s 45% stake

In charge: Bomaid CEO, Mokgosana PIC: PHATSIMO KAPENG
In charge: Bomaid CEO, Mokgosana PIC: PHATSIMO KAPENG

Botswana Medical Aid Society (Bomaid), a leading private medical aid provider, is currently in talks with a potential investor willing to buy a stake in its subsidiary, MRI. Bomaid CEO, Moraki Mokgosana told BusinessWeek that talks are currently at an advanced stage with the potential investor.

“Yes, this is true. BOMAID is currently in talks with a potential investor. However, due to the sensitive nature of such discussions and a binding non-disclosure agreement signed by the two parties we are not at a point to disclose any further information at this point,” he said.

Bomaid currently holds 94% shareholding in its subsidiary MRI and seeks to divest 45% of its shares. MRI operates clinics, pharmacies, and emergency-response services throughout the country accessible by Bomaid and other medical aid societies.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up