Business Briefs
Friday, October 10, 2014
Debswana Pension Fund buys stake in Puma
The Debswana Pension Fund has acquired a 10% stake in Puma Energy Botswana. A signing ceremony to mark the sealing of the deal will be signed in Gaborone today. DPF is the largest pension fund in Botswana outside the public officers pension fund. Puma Energy, which took over from BP Botswana in 2010, is one of the leading oil companies in Botswana with lucrative commercial customers such as with Debswana, BCL, BDF, and Central Transport Organisation (CTO).
It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...