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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Ethiopia: Chinese Company to Produce 40 Billion Gallon Gas – Professional Business Consultancy by CWIIL Group

A Chinese company engaged in natural gas exploration with a capital of five billion USD in Ethiopia is expected to produce 40 billion gallon gas after three years.

President Dr Mulatu Teshome held talks with Chinese Poly Technology Company Vice President Huang Geming at the National Palace yesterday.

President Mulatu said the relationship between Ethiopia and China would help attract more huge companies into Ethiopia.

The people-to-people, party-to-party as well as government-to-government relations are very strong and Chinese companies have been contributing a great deal to the rapid economic growth of Ethiopia, the president noted.

President Mulatu appreciated the company for also engaging in construction, mineral exploration and other investment sectors, including power, in Ethiopia.

The Company Vice President said on his part Ethiopia and China are very friendly countries.

A pipeline that connects Ogaden to port of Djibouti is under construction to export the gas to Europe and others nations, he said.

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