Consortium snaps up 30% stake in African Alliance
Friday, June 24, 2011
A consortium of citizen investors headed by former Permanent Secretary at the Ministry of Finance, Serwalo Tumelo, has acquired a 30 percent stake in diversified financial house African Alliance Botswana (AAB).
The company, which is one of the first firms to be certified as an international financial service outfit by Botswana IFSC, was set up in Botswana 14 years ago as a joint venture at the invitation of a citizen empowerment group headed by the late Louis Nchindo. However, Nchindo disposed of his 18 percent stake in the company back to the group in 2008.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...