Sefalana seeks P351m for expansion drive

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Sefalana Holding Company is targeting to raise P351 million through a rights issue to fund its planned expansions in Botswana and Namibia.

Recently, the company expressed its intention to grow its Fast Moving Consumer Goods (FMCG) businesses in both Botswana and Namibia.

In a press announcement to shareholders last week, finance director, Mohamed Osman said the company is raising approximately P351m net of expenses, by way of a rights issue of 27,858,523 offer shares.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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