CCA conditionally approves Engen Botswana takeover

Tuesday, September 15, 2026 | 80 Views |

The Competition and Consumer Authority (CCA) has conditionally approved the proposed acquisition of a 70% majority stake in Engen Botswana Limited by Fusion Spark Proprietary Limited, a consortium led by retail and business magnate Ramachandran Ottapathu.

The authority said its conditions are intended to safeguard employment, protect independent dealer and franchise arrangements, and promote citizen economic empowerment.

As part of the conditions attached to the approval, Ajantha, which holds a 75% shareholding in Reddy Group, is required to divest its entire interest in the group before the transaction can be implemented. Ottapathu has an interest in Ajantha, which in turn has an interest in 67 retail station sites through its 75% stake in Reddy Group.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

cca
ENGEN

A personal farewell to my brother, mentor and comrade

BREWER KENOSI | 14 h ago

UBLS alumni association AGM in Gaborone

staff writer | 14 h ago

Pros, cons of cadre deployment

staff writer | 15 h ago

Boko’s time runs thin on the economy

Mbongeni Mguni,Pauline Dikuelo,Lewanika Timothy | 15 h ago

Makhadzi, promoter deal sees singer returning to SA

Larona Makhaiza | 19 h ago

Mainoo, Lacey raise the spirits but systemic change still required

The Guardian* | 19 h ago

The day I missed out on Old Trafford chants

Calistus Kolantsho | 19 h ago

Vultures rediscover winning formula

Calistus Kolantsho | 19 h ago

Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

The Monitor Editor | 03 November 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.