Business

BPOPF-backed fund to acquire Flo-Tek

Friday, July 03, 2015
Carr
Carr

The newly established private equity fund, Botswana Opportunity Partnership (BOP) is seeking to buy the Lobatse-based pipe-manufacturing firm, Radical Investments, trading as Flo-Tek Pipes & Irrigation.

BOP is a partnership between the Botswana Public Officers Pensions Fund (BPOPF) and Capital Management Botswana (CMB), with the mandate to invest in businesses in Botswana.

Flo-Tek chief executive officer, Vijay Naik, confirmed that negotiations for BOP to acquire Flo-Tek are at an advanced stage, but declined to provide further details on the transaction.

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Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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