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
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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