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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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