New!Daily live updates: important information about the coronavirus pandemicRead More
Kamoso Africa

Ninety One sells portion of private equity investment in Kamoso Africa to Botswana Development Corporation

1 Mins read

Alongside Rand Merchant Bank Ventures (RMBV) and other shareholders, Ninety One, via its Africa Private Equity Fund 2 (91APEF2), has sold a portion of its equity investment in Kamoso Africa (Kamoso) to the 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. 

In this transaction, Botswana Development Corporation (BDC) acquired a 24 percent shareholding in Kamoso and has joined the board. 

“The Kamoso Africa Team is excited to welcome the Botswana Development Corporation as one of our key shareholders. With their intimate knowledge of the Botswana Market, their involvement will further enhance our growth strategy.”

says Ian Dewar, CEO of Kamoso

Kobi Sam, Investment Director at Ninety One, adds: “We are pleased to bring on board the BDC as a partner on this journey of building the leading diversified FMCG platform in Southern Africa. Given the BDC’s resources and networks, Kamoso expects to reap significant synergies from the partnership with its new shareholder.

Kamoso’s Builders Mart and Liquorama segments are market leaders in DIY and off-premise beverage sales, respectively with a combined 90-plus retail outlets. Operating six manufacturing facilities, eleven warehouses, and a fleet of over 100 delivery vehicles, the FMCG segment supplies value-for-money consumer goods in Botswana, South Africa and Zambia.  Kamoso’s Mediland affiliate is one of the leading suppliers of medical products in Botswana.

The BDC was established in 1970 to be Botswana’s main agency for commercial and industrial development. With group investment assets worth more than P3.6 billion, BDC has invested in debt and equity across a wide range of businesses in all parts of Botswana. BDC is 100 percent owned by the Government of Botswana.

💡Got news for us? Send us an email 👉 [email protected]

Related posts

Botswana resumes sale of alcoholic beverages

1 Mins read
Long queues have formed outside shops selling alcohol in Botswana after restrictions on its sale, imposed two months ago as part of…

De Beers discussing the temporary move of diamond sales from Botswana with Government

1 Mins read
DE Beers is in discussions with the Botswana government to move diamond sales from its capital, Gaborone, nearer to buyers in international centres…

Understanding the Crowdfunding phenomenon

2 Mins read
Crowdfunding is a method of raising capital through the collective effort of a large pool of individuals. This approach taps into the…
Be the first to get news!

We take you inside the companies and the topics that matter to you.

Leave a Reply

Your email address will not be published. Required fields are marked *