Letters reveal gov't authorised Seretse's company for fuel levy

Tuesday, March 17, 2026 | 240 Views |

As the State revives its efforts to recover millions of pula allegedly lost through the National Petroleum Fund (NPF) by charging certain individuals, including businessman Bakang Seretse and his company, Kgori Capital, new evidence is beginning to emerge regarding the alleged transactions.

Seretse, who is charged alongside two of his associates with counts of corruption and money-laundering, amongst other offences, has always denied any wrongdoing. He has maintained that all transactions linked to the NPF were authorised by the government.

The recent surfacing of government letters written between 2017 and 2018 appears to show how officials authorised Kgori Capital to assist in setting up and operating a system used to collect fuel levies from companies operating in Botswana’s petroleum sector.

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