Major EU firm snaps up stake in Phikwe Citrus

Friday, April 18, 2025 | 990 Views |

Ramping up: The Phikwe Citrus Project has attracted a major new investor PIC: SPC FACEBOOK

Selebi-Phikwe Citrus (SPC) is finalising a transaction to sell a 33% stake in the business to European agricultural giant, Citrico Global, for $12 million (P165.6 million).

According to available public records, SPC is 75.58% owned by Zapemm B.V., with the balance held by local business tycoon, Ramachandran Ottapathu.

The deal is set to provide a powerful boost to SPC’s ambitions of expanding its operations and deepening Botswana’s footprint in international agricultural markets.

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