Gov't increases stake in liquor industry :: Mmegi Online

While its actions during the lockdown and a decade of a punitive levy may suggest hostility towards the liquor industry, government appears to not only acknowledge the sector’s profitability, but wants an increasing piece of the pie.

This week, state investment agency, Botswana Development Corporation (BDC) announced that it had taken up a 24% stake in Kamoso Africa, whose subsidiaries include Liquorama, the country’s biggest alcohol retailer with 53 outlets.

In a deal reportedly worth P200 million, the BDC this week announced that it had snapped up equity in Kamoso, a manufacturing, supply and distribution titan linked to Choppies CEO, Ramachandran Ottapathu. Companies and Intellectual Property Authority (CIPA) records on Wednesday indicated that Ottapathu still holds about 15% shareholding in Kamoso, having sold most of his equity in a P452 million deal in 2015.

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Gov't increases stake in liquor industry

While its actions during the lockdown and a decade of a punitive levy may suggest hostility towards the liquor industry, government appears to not only acknowledge the sector’s profitability, but wants an increasing piece of the pie.

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