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
Use social media to build, not destro

It is a warning flare to every Motswana who logs onto social media. As a country, we have reached a point where the line between robust debate and outright destruction has become dangerously blurred. At face value, Mabeo’s response, which seeks an apology and threat of a defamation suit, might seem severe to some. But we cannot ignore the context. The comment in question did not offer a policy critique or question a political decision.It...

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