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Minet Group & Africa Lighthouse Capital have acquired Aon Botswana
Shares
Minet Group and Africa Lighthouse Capital (ALC) have announced their acquisition of Aon’s shareholding in AON Botswana, effective June 1st, 2021. AON Botswana will now operate as Minet Botswana. The move is expected to effectively increase Minet’s footprint in Africa, to 9 offices across the region.
Minet Group is a pan-African risk advisory firm and Aon’s largest Global Network Correspondent. The company has been expanding its African footprint since 2017, through the acquisition of operations from global professional services firm Aon in Kenya, Lesotho, Malawi, Mozambique, Namibia, Tanzania, Uganda, and Zambia.
Minet Group, Africa Lighthouse Capital acquire Aon Botswana thepatriot.co.bw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepatriot.co.bw Daily Mail and Mail on Sunday newspapers.
Aon Botswana will soon get a new name change after regulators approved a deal that will see an increase in citizen shareholding in the company.
On Friday it was revealed that the Competition and Consumer Authority has approved the acquisition of shares by Africa Lighthouse Capital and Minet Group from the global giant Aon, which has been a major shareholder in Aon Holdings Botswana. The proposed transaction first came to light in December 2020 following regulatory filings.
Africa Lighthouse Capital is a fully owned citizen private equity firm, and the latest deal is the only publicly known investment made by the company since it was awarded P500 million by Botswana Public Officers Pension Fund (BPOPF) as part of the incubation programme to grow citizen owned asset management firms. The P500 million is to be invested in unlisted companies.