Ninety One and RMBV sell 24% of private equity investment in Kamoso to BDC

BOTSWANA– Ninety One, an asset management business, alongside Rand Merchant Bank Ventures (RMBV) has sold 24% of its equity investment in Kamoso Africa via its Africa Equity Fund 2(APEF2) to Botswana Development Corporation (BDC).  Founded in 2015, Kamoso has established itself as one of Botswana’s leading diversified fast-moving consumer goods (FMCG) platforms.  Ninety One and RMBV acquired a controlling stake in Kamoso in 2017, in what was believed to be Botswana’s largest ever private equity investment.   “The Kamoso Africa Team is excited to welcome the Botswana Development Corporation as one…

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Strata-X joins forces with leading Botswana fund in financing energy project

BOTSWANA – Strata-X Energy, an independent oil and gas exploration company owned by Serowe CBM has inked a non-disclosure agreement with the Botswana Development Corporation (BDC) to develop a multi-staged $10million financing strategy for the 100% Strata-X owned, Serowe CBM Project in the Republic of Botswana. Strata-X and BDC are committed to bring the domestically sourced, Serowe CBM Project’s clean natural gas to help stimulate the Botswana economy. The agreement will allow the BDC to review the Serowe project and business models, and will have between 60 to 90 days…

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