BPOPF-backed fund buys Lobatse Clay Works
Friday, September 01, 2017
As BDC continues to divest some of its subsidiaries, BusinessWeek has learnt that the Botswana Opportunities Partnership (BOP), a private equity fund in which the BPOPF has invested P830 million, is buying an 80% stake into the Lobatse-based bricks and pavers manufacturing company.
The deal, which is currently before the Competition Authority for regulatory approval, will be done through BOP’s fund managers, Capital Management Botswana (CMB).
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...