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
No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

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