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Africa Lighthouse Capital (ALC), one of the leading Botswana citizen-owned private equity firm, has been unveiled as the new major shareholder in FSG, the ....
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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. ....