HB, gov’t equity deal signing ‘imminent’

New partnerships: Masisi unveils the logo for HB Botswana in March PIC: HB ANTWERP
New partnerships: Masisi unveils the logo for HB Botswana in March PIC: HB ANTWERP

An agreement is “imminent” between HB Antwerp and government for a deal that will see the state take up a 24% equity in the three-year-old Belgian diamond firm, BusinessWeek has established.

Speaking at the launch of HB’s local subsidiary in late March, President Mokgweetsi Masisi announced that government had decided to take up equity in HB Antwerp and provide the firm with a portion of the Okavango Diamond Company's (ODC) rough diamond supply for five years.

Details of the value of the equity stake and the percentage of ODC’s supply going to HB Antwerp were due to be clarified two weeks after the launch when the two signed a formal agreement.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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