Debswana deal boosts BOL’s profits

The deal, signed in August 2022, has been a game-changer for the state-owned enterprise, contributing significantly to its record revenue of P2.6 billion in the 2022–2023 financial year, an increase from the P570 million achieved in the previous year.

The partnership, valued at P8.5 billion, involves the supply of fuels to Debswana’s mines through Botswana’s Citizen Economic Empowerment Programme (CEEP), which leverages citizen-owned transporters. The collaboration added 75 million litres to BOL’s overall sales volume of 187 million litres in the year, making it a key driver of the company’s profitability.