Mmegi

Citizens targeted for ALC’s Minet Botswana stake

Eyeing value: Pule
Eyeing value: Pule

Local asset manager Africa Lighthouse Capital (ALC) is exiting its 33.3% investment in Minet Botswana and the Competition and Consumer Authority (CCA) has ruled that the stake should be sold to citizens.

ALC is divesting and paying back investors their funds after the investment reached the agreed-upon maturity point, as part of the private equity arrangement made in 2020.

ALC runs a multimillion-pula mandate, powered by the Botswana Public Officers Pension Fund and other investors.

Editor's Comment
Mob justice isn't just

A young man suspected of breaking into a car was seized by residents, severely assaulted, and died in the hospital within an hour. We unreservedly condemn this mob justice. It is not a solution to crime, but a criminal offence that turns citizens into murderers.Residents are understandably angry about theft. The person who raised the alarm at 4am acted lawfully, and the neighbours who rushed to help showed community spirit. But what followed was...

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