Banners
Banners

Latest News

The 51-year-old man of Rungwana ward in Thamaga killed himself after s...
Botswana Defence Force (BDF) is investigating a case in which one of t...
Police are following leads, but no arrest has been made as yet in the ...
FRANCISTOWN: Francistown deputy mayor Gaethuse Ramolotsana has urged B...
Banners
Banners

American firm seeks stake in Bolux

ISAAC PINIELO
Bolux has 30 percent market share in local maize meal industry
The Competition Authority (CA) has received a proposal from Seaboard Botswana Holdings to acquire a 49 percent stake in Ramotswa based milling company, Bolux Group.

Seaboard Botswana Holdings is a company registered in the Bahamas, which was established for the purpose of acquiring the minority interest in Bolux Group. It is a wholly owned subsidiary of Seaboard Corporation, a US listed entity with investments globally, in the food processing grain-trading sector.

Nkosi Mwaba, Bolux Group head of corporate affairs, indicated that the purpose of this transaction was to secure an investment and inject capital into the company.  He said Bolux Group operated a plant, which was 30 years old and in need of refurbishment and technological upgrades.

Mwaba also said the transaction would include re-capitalisation of the company in order to bring the Bolux operations up to speed with modern technology and improve efficiency.

“This is a necessary step in order for the company to remain competitive and achieve growth and sustainability in line with the company’s strategy going

Banners
forward,” he said.

Although Mwaba declined to disclose the value of the transaction, he noted that it was a welcome investment, not only for the operations of Bolux, but also for Botswana’s plans to attract foreign direct investment.

Bolux Group is a company incorporated under the laws of Botswana. It is wholly owned by Corbis Bolux, a South African company. The company is in the business of production of wheat flour, maize meal, pasta and bread in Botswana, with estimated market shares of 60 percent (wheat flour), 30 percent (maize meal) and 40 percent (pasta). Bolux Group has been milling in Botswana since 1984 and is a major local producer and distributor in Botswana. Employing over 400 Batswana, the company produces and packages brands like, A1 Super Maize meal brand, Snow White flour and Polana pasta at its plant in Ramotswa.



Business

Banners
Banners

Selefu

Wait! I am in the middle of something

Latest Frontpages

Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper
Banners
Cialis 5 Mg Cialis Viagra Cialis 100 mg Viagra satın al elektronik sigara