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Between 2022 and 2024, BPOPF maintained or increased equity stakes in several Botswana‐listed firms. For example, Botswana Insurance Holdings Ltd (BIHL) (sector: insurance) was held at roughly 11.9% of equity as of end‐2024bihl.co.bw. Stanbic Bank Botswana Ltd (banking) was similarly a major holding: BPOPF accounts collectively owned on the order of 34.7 million shares (≈11.6% of Stanbic’s issued shares) by 2024apis.bse.co.bw. Likewise Letshego Holdings Ltd (microfinance/finance) was heavily held – BPOPF (through various nominee portfolios) held roughly 430 million shares (~19.8%) by 2024letshegoinvestor.com. Smaller shareholdings were maintained in other public companies (e.g. Choppies Ltd, G4S Botswana) but detailed data are scarce. Table below summarizes the key public‐market investments:
Company | Sector | BPOPF Holding (2022–24) | Year Noted |
|---|---|---|---|
Botswana Insurance Holdings Ltd (BIHL) bihl.co.bw | Insurance | ~11.9% of equity (by 2024) | 2024 |
Stanbic Bank Botswana Ltdapis.bse.co.bw | Banking/Finance | ~34.7M shares (~11.6% of shares) | 2024 |
Letshego Holdings Ltdletshegoinvestor.com | Financial (MFIs) | ~430M shares (~19.8%) | 2024 |
Private Company Investments (2022–2024)
BPOPF (often via its property‐investment vehicles) also made major local investments in private entities, mainly real‐estate projects. Key transactions include:
Chelford Limited (real-estate leasing, Ghanzi/other): BPOPF’s Letsema Property Fund II acquired two commercial property lots (1270/1271 Ghanzi) from Chelford in 2023cca.co.bw. (Amount undisclosed.)
Babereki Enclave (Pty) Ltd (residential property developer): In October 2024 BPOPF (via asset manager Seventy5 Degrees) bought 84 residential units at Seriti Estate, Mogoditshane, from Babereki Enclavethegazette.news. (Sale agreement dated 8 Oct 2024.)
Lot One Two Seven One (Pty) Ltd (industrial property): In 2024 BPOPF’s Khumo Property Fund acquired Lot 1271 (industrial estate in Gaborone) from Lot One Two Seven One (owned by M. V. Sakhrani)competitionauthority.co.bw. (Purchased “as a going concern” in 2024.)
AP Holdings (Pty) Ltd (retail/commercial property): In 2024 BPOPF’s Letsema Property Fund acquired the leasehold and improvements of a retail/industrial property (“NG12” at Seronga) from AP Holdingscompetitionauthority.co.bw. (Year 2024; leasehold rights transferred.)
Time Projects (Botswana) (Pty) Ltd (residential/commercial developer): In late 2023 BPOPF (via Khumo Fund) acquired Lot 67977 (Fairgrounds, Gaborone) from Time Projectscompetitionauthority.co.bw. (First asset for the Khumo Fund; announced Sep–Nov 2023.)
Table below summarizes these private‐company investments:
Company | Sector / Business | Investment (amount or share) | Year |
|---|---|---|---|
Chelford Limited cca.co.bw | Real estate (commercial/industrial) | Acquired Lots 1298 & 1299 (Ghanzi) (price N/A) | 2023 |
Babereki Enclave (Pty) Ltd thegazette.news | Real estate (residential development) | Bought 84 units at Seriti Estate (contract date 8 Oct 2024) | 2024 |
Lot One Two Seven One (Pty) Ltd competitionauthority.co.bw | Real estate (industrial leasing) | Acquired Lot 1271 (industrial property, Gaborone) | 2024 |
AP Holdings (Pty) Ltd competitionauthority.co.bw | Real estate (retail/commercial) | Acquired leasehold on land at Seronga (NG12) | 2024 |
Time Projects (Botswana) (Pty) Ltd competitionauthority.co.bw | Property development (residential/commercial) | Acquired Lot 67977 (Fairgrounds, Gaborone) | 2023 |
Each investment above is documented in official sources. For example, Competition Authority merger notices confirm the Chelford, Babereki, Lot 1271, AP Holdings, and Time Projects deals in the cited yearscca.co.bwthegazette.newscompetitionauthority.co.bwcompetitionauthority.co.bwcompetitionauthority.co.bw.
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