Company in Botswana

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Botswana’s major retail group Choppies

    BOTSWANA, 2013/10/06 Botswana’s major retail group Choppies has announced plans to expand into Zimbabwe, following its entry into South Africa three years ago. Choppies issued an advisory on Thursday on the Botswana Stock Exchange (BSE) announcing that the company has entered into an agreement with a third party to acquire 49% of the business of a supermarket chain which runs 10 retail stores in Zimbabwe. “The total consideration for the transaction would be less than 5% of Choppies Enterprises Ltd’s market capitalisation,” said Choppies chief executive officer Ramachandran Ottapathu. “The settlement of the consideration would be done over a period of time as the takeover of the stores progresses.”