BP to rebrand as Puma Energy
Tuesday, November 16, 2010
BP announced early this year its intention to dispose of its fuel marketing business in Namibia, Zambia, Malawi, Tanzania and Botswana, which was followed by a scramble for the assets from both local and international investors.
However, yesterday it emerged that Puma Energy, a subsidiary of Amsterdam-based commodities trader Trafigura Beheer B.V., has outpaced other bidders for the assets in the five countries for a total sum of US$296 million.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....