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.
Pan-African risk advisor Minet Group and Botswana’s Africa Lighthouse Capital acquire Aon Botswana
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Strategic partnership offers inherent benefits of global knowledge, African insights, and local expertise and commitment
Minet Group and Africa Lighthouse Capital today announced that they have received regulatory approval and fulfilled all requirements to acquire Aon’s shareholding in Aon Botswana, and consequently will begin the process to rebrand to Minet Botswana.
Minet Group is a well-known and trusted pan-African risk advisory firm and Aon’s largest Global Network Correspondent and has been rapidly 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 has been delivering world class products and services across Africa for over 70 years.
Pan-African risk advisor Minet Group and Botswana’s Africa Lighthouse Capital acquire Aon’s operations in Botswana Dec 16, 2020
Strategic partnership to offer inherent benefits of global knowledge, African insights and local expertise.
Gaborone, December 2020: Minet Group and Africa Lighthouse Capital today announced their intention to acquire Aon’s shareholding in Aon Holdings Botswana, subject to regulatory approval. Minet Group is a trusted pan-African risk advisory firm and Aon’s largest Global Network Correspondent. Minet Group has been rapidly expanding its African footprint since 2017 through the acquisition of Aon’s operations in Kenya, Lesotho, Malawi, Mozambique, Namibia, Tanzania, Uganda and Zambia.