Zim firm ‘nudged’ out of oil factory deal

FRANCISTOWN: Zimbabwean company, United Refineries Limited (URL) claims it was sidestepped in a partnership to set up a P100 million cooking oil refinery factory in Francistown.

Officials at United Refineries Limited in Zimbabwe have indicated that they do not know why their partnership deal with United Refineries Botswana (URB) never materialised, even though they did technical preparatory groundwork with local investors. Last year, URL managing director Busisa Moyo said his company would be opening its doors in Botswana, through a partnership vehicle with locals called URB. However, early this month it emerged that URB, which is due to begin operations next month will be a 100 percent citizen owned company.

When contacted for comment on the latest developments Moyo sang a different tune. “We did business proposals and technical plans to be submitted to organisations such as CEDA together. I don’t know what happened after that. Maybe they chose to partner with other people. We, however, still have other technical agreements regarding the running of the business,” he said.

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

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