Botswana’s Wilderness Safaris to bid for Air Botswana

Botswana’s largest tourism company, Wilderness Safaris, plans to make a bid for Air Botswana, the country’s loss-making national airline which the government wants to privatise.

Botswana put the airline up for sale in February, part of plans to privatise loss-making state-owned companies. The transport department said at the time it would consider full bids for Air Botswana, as well as joint ventures, ownership, franchising and concessions.

In March, Transport Minister Kitso Mokaila said at least 17 companies had expressed interest in Air Botswana, but he did not name them.

Wilderness Safaris said it planned to make a bid when it published its full-year results last week.

The company, which is also listed in Johannesburg, operates 50 luxury resorts across eight African countries and Wilderness Air operates 35 small aircrafts in Botswana, Zimbabwe, Zambia and Namibia mainly catering to tourists.

Botswana, whose main source of wealth is diamonds, has more than 30 state-owned enterprises, most of them loss making, in industries ranging from tourism and power to housing and finance.

Air Botswana operates four domestic routes and also provides cargo and air passenger services to Cape Town and Johannesburg from Gaborone, Francistown and the tourism hubs of Maun and Kasane.

The airline’s losses, blamed on a large workforce and an aging fleet, prompted a turnaround plan that includes cutting costs and cancelling unprofitable routes.

Originally reported by Reuters.

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The Most Promising Retail Markets in Africa Are in Countries People Rarely Talk About – Investment Advice by CWIIL Group

It is rarely mentioned countries, like Gabon, Botswana and Angola, that are increasingly becoming attractive for multinational retailers looking to launch and expand on the African continent, according to a new report. These countries are small and dynamic, their income levels are growing and their retail markets are unsaturated – offering ample opportunity for the enterprising retailer.

AT Kearney’s 2015 Africa Retail Development Index (ARDI) ranks the top 15 retail markets on the continent based on how they fare on four indicators: market attractiveness, market saturation, risk levels and the time pressure to launch or expand operations.

“The challenge in Africa’s retail sector is not looking at one opportunity, but a set of unique differences that give rise to distinct opportunities,” says Jaco Prinsloo, Principal at AT Kearney’s Johannesburg office and co-author of the index.

This is why a small country like Gabon – with a population of 1.7 million people and one of the highest income per capita levels in sub-Saharan Africa – at $21,600 according to AT Kearney – tops the index. There’s little competition in its retail sector, compared to South Africa, a country with a highly saturated retail market.

Country Retail market stage of development
1. Gabon Developing
2. Botswana Mature
3. Angola Basic
4. Nigeria Developing
5. Tanzania Basic
6. South Africa Mature
7. Rwanda Basic
8. Namibia Mature
9. Ghana Developing
10. Senegal Basic
11. Gambia Basic
12. Zambia Basic
13. Cote d’Ivoire Basic
14. Ethiopia Basic
15. Mozambique Developing

While Gabon may top the index, the consulting firm argues its small size might be a downside: its retail market may not be ideal for a big retailer who is interested in big volumes and scaling their operations for example, but it may be ideal for a specialty retail chain in fashion.

Marieke Witjies, a consultant with AT Kearney and co-author of the index said that despite African markets broad challenges, retailers who are in it for the long-haul and those that take considered risks could reap the benefits.

“To stay ahead of the curve in Africa’s, retailers need to ask themselves this question: Do I want to be a first-mover, or will I follow once the infrastructure is set up?,” says Witjies.

Africa’s largest retailer, Shoprite, now with 189 stores across 15 African countries, is a good example of this. After struggling to find real estate for its expansion plans in a number of African countries, the retailer decided to form its own real-estate arm. In Nigeria, the retail giant has set aside $125 million to build 10 malls that will have anchor Shoprite stores, as well as provide retail space for other retailers.

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Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

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Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
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