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
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...

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