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Avacare Health Group global foot print to expand into Africa

Avacare Health, an integrated healthcare marketing group is looking forward to set its tone in the world market by increasing its current presence which seats only in 22 countries in the globe.  This will include further expansion into the African interior, the Group Executive Director Marc Seelenbinder has revealed.

Seelenbinder made the revelation recently when giving a presentation during the Consortium of New Southern African Medical Schools (CONSAMS) summit held at University of Botswana recently. He also noted that the group has found its way in Botswana market trading the services such as pharmaceuticals, medical disposable, devices (specialist products) and the orthopaedics supplying the government and he added that the group also set to intensify the market reach in Botswana as well.

Avacare Health is functioning across the world through the distribution of over 9, 000 wide range of pharmaceutical products. Avacare health is currently operating in 22 countries and its current market stronghold is the SADC region where it is present in 9 countries, and other parts of Africa where the group reached so far is Nigeria, India and the most of French West Africa and India.

Besides Africa and India, the group has expanded in the Commonwealth of Independent States regions of Kazakhstan, Uzbekistan, Moldova, Belorussia, Georgian and Ukraine respectively. Seelenbinder noted that the group has a focused strategy for Africa as the group business is continuing to flourish in the region with distribution capabilities to be set in key African economies with a total of eighteen (18) strong developing economies being a target for the market reach and expansion.

“This company comes from humble beginnings in Zimbabwe and it has now grown significantly and we are in motive to expand our global market reach as more subsidiaries will be launched in almost all corners of the world ,” he charged. He continued to say that the group specializes in the pharmaceuticals which contributes 75 percent distribution segment with the disposables and medical devices owing 20% and 5 percent of sales distribution respectively.


Seelenbinder further revealed that the group remains big supplier to the governments’ health sector systems distributing the pharmaceutical products such as ARVs. The Group Executive Director hinted that the group has operational premises or representation in most of the SADC regions. This presence is key to remaining close to the needs and requirements of the local market and to ensure that service levels are maintained.

He added: “In addition to the SADC countries, the Group has a pharmaceutical company in India. Recent expansion has given us access to supply other key countries in both the East and West African markets including Ghana, Nigeria, Tanzania and some various French West African countries.” The Group markets through the group company outlets and partnership venture, and it boosts of over 400 million USD dollar turnovers annually. Although each market has its own requirements and features, the group product range is broken down into four different units to cater for the special needs and demands of a particular market.

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Business

Unleashing potential: Connectivity as a catalyst for economic and societal growth in Botswana

23rd April 2024

Imagine a young entrepreneur in the city of Gaborone with dreams of starting her own business. With access to high-speed internet, she can connect with suppliers, market her products online, and reach customers around the world, all from the comfort of her home.

Just a few years ago, this internet access was a luxury reserved for the privileged few. Today, however, thanks to the ambitious National Broadband Strategy launched in 2019, the digital landscape of Botswana is undergoing a dramatic transformation, reflecting the government’s commitment to providing stable and secure internet connectivity to businesses, citizens, and organisations.

A proactive approach to ensuring uninterrupted connectivity

The importance of reliable connectivity can’t be overstated. For instance, on 14 March 2024, four major undersea telecommunications cables, West Africa Cable System (WACS), Africa Coast to Europe (ACE), MainOne, and SAT–3, experienced simultaneous outages, with significant internet disruptions across the continent.

In this instance, Liquid Intelligent Technologies’ (Liquid) proactive investment in multiple undersea cables along both the east and west coasts of Africa showed the benefits of a robust and diversified network. Our redundant international backbone ensured traffic was rerouted, maintaining an uninterrupted service and keeping customers connected. This commitment to uninterrupted connectivity is mirrored in our initiatives such as the Gaborone Metro Ring.

Driving growth and promoting investment

The Gaborone Metro Ring is a telecommunications network powered by Liquid Botswana, which has turned the bustling capital city into a hub of innovation and entrepreneurship. Start-ups and established businesses alike are harnessing the power of high-speed internet to drive growth, create jobs, and open doors to investment.

Connectivity lies at the heart of Botswana’s digital transformation, creating economic growth and community development. The Gaborone Metro Ring, which spans key business hubs and high-density areas, provides internet access and empowers individuals and hundreds of businesses in the city, driving innovation, and fostering inclusivity. Covering Gaborone and Lobatse, it is providing the internet connectivity necessary to positively transform and grow the Botswana economy.

Fuelling entrepreneurship and job creation

One of the key benefits of enhanced connectivity is its ability to support advanced data, video, messaging, and voice services, paving the way for increased efficiency and productivity. Businesses, particularly start-ups and SMEs, can leverage high-speed internet to streamline operations, reach new markets, and drive growth. Moreover, reduced tariffs and exclusive offers within the metro fibre zone enable businesses to innovate and compete globally, fuelling entrepreneurship and job creation.

Empowering individuals and strengthening communities

In a country with 1.95 million internet users, representing an internet penetration rate of 73.5% of the total population, the benefits of connectivity extend far beyond Lobatse and Gaborone, reaching communities across the country. Improved access to information and services empowers individuals, strengthens communities, and drives social development. Moreover, connectivity plays a crucial role in bridging the digital divide, ensuring that no one is left behind in Botswana’s journey towards a digitally inclusive society.

As Botswana continues to embrace digital transformation, the role of connectivity will only become more critical. It is not just about connecting people, but about empowering them to realise their full potential, driving economic growth, and building a more inclusive society.

Internet is the backbone of a knowledge-based economy. From empowering entrepreneurs and startups and fuelling the digital economy, to improving education and healthcare, reliable and resilient connectivity is key. In addition, in the event of an emergency such as the recent multiple undersea cable failure, a diverse and stable option that ensures business continuity is essential. The Liquid-powered Gaborone Metro Ring, adding to the company’s 110,000km of fibre across the continent, is fuelling the transformative power of connectivity in Botswana.

 

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Business

LLR transforms from Company to Group reporting

9th April 2024

Botswana Stock Exchange listed diversified real estate company, Letlole La Rona Limited (“LLR” or “the Company” or “the Group”), posted its first set of group financial statements which comprise the Company and Group consolidated accounts, which show strong financial performance for the six months ended 31 December 2023, with improvements across all key metrics.

The Company commenced the financial year with the appointment of a Deputy Chairperson, Mr Mooketsi Maphane, in order to bolster its governance and enhance leadership continuity through the development of a Board and Executive Management Succession Plan.

At operational level, LLR increased its shareholding in Railpark Mall from 32.79% to 57.79% and proudly took over the management of this prime asset.

The CEO of LLR, Ms Kamogelo Mowaneng commented “During the period under review, our portfolio continued to perform strongly, with improvements across all key metrics as a result of our ongoing focus on portfolio growth and optimisation.

“We are pleased to report a successful first half of the 2024 financial year, where we managed to not only grow the portfolio through strategic acquisitions and value accretive refurbishments but also recycled capital through the disposal of Moedi House as well as the ongoing sale of section titles at Red Square Apartments. The acquisition of an additional 25% stake in JTTM Properties significantly uplifted the value of our investment portfolio to P2.0 billion at a Group level. Our investment portfolio was further differentiated by the quality of our tenant base, as demonstrated by above market occupancy levels of 99.15% and strong collections of above 100% for the period”.

The growth in contractual revenue of 9% from the prior year’s P48.0 million to the current year P52.2 million, increased income from Railpark Mall, coupled with high collection rates, has enabled the company to declare a distribution of 9.11 thebe per linked unit, which is in line with the prior year.

 

In line with its strategic pillars of ‘Streamlined and Expanded Botswana Portfolio’ as well as ‘Quality African Assets’, the Group continuously monitors the performance of its investments to ensure that they meet the targeted returns.

“The Group continues to explore yield accretive opportunities for balance sheet growth and funding options that can be deployed to finance that growth” further commented the CEO of LLR Ms Kamogelo Mowaneng.

Ms Mowaneng further thanked the Group’s stakeholders for their continued support and stated that they look forward to unlocking further value in the Group.

 

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Botswana’s Electricity Generation Dips 26.4%

9th April 2024

The Botswana Power Corporation (BPC) has reported a significant decrease in electricity generation for the fourth quarter of 2023, with output plummeting by 26.4%. This decline is primarily attributed to operational difficulties at the Morupule B power plant, as per the latest Botswana Index of Electricity Generation (IEG) released recently.

Local electricity production saw a drastic reduction, falling from 889,535 MWH in the third quarter of 2023 to 654,312 MWH in the period under review. This substantial decrease is largely due to the operational challenges at the Morupule B power plant. Consequently, the need for imported electricity surged by 35.6% (136,243 MWH) from 382,426 MWH in the third quarter to 518,669 MWH in the fourth quarter. This increase was necessitated by the need to compensate for the shortfall in locally generated electricity.

Zambia Electricity Supply Corporation Limited (ZESCO) was the principal supplier of imported electricity, accounting for 43.1% of total electricity imports during the fourth quarter of 2023. Eskom followed with 21.8%, while the remaining 12.1, 10.3, 8.6, and 4.2% were sourced from Electricidade de Mozambique (EDM), Southern African Power Pool (SAPP), Nampower, and Cross-border electricity markets, respectively. Cross-border electricity markets involve the supply of electricity to towns and villages along the border from neighboring countries such as Namibia and Zambia.

Distributed electricity exhibited a decrease of 7.8% (98,980 MWH), dropping from 1,271,961 MWH in the third quarter of 2023 to 1,172,981 MWH in the review quarter.

Electricity generated locally contributed 55.8% to the electricity distributed during the fourth quarter of 2023, a decrease from the 74.5% contribution in the same quarter of the previous year. This signifies a decrease of 18.7 percentage points. The quarter-on-quarter comparison shows that the contribution of locally generated electricity to the distributed electricity fell by 14.2 percentage points, from 69.9% in the third quarter of 2023 to 55.8% in the fourth quarter. The Morupule A and B power stations accounted for 90.4% of the electricity generated during the fourth quarter of 2023, while Matshelagabedi and Orapa emergency power plants contributed the remaining 5.9 and 3.7% respectively.

The year-on-year analysis reveals some improvement in local electricity generation. The year-on-year perspective shows that the amount of distributed electricity increased by 8.2% (88,781 MWH), from 1,084,200 MWH in the fourth quarter of 2022 to 1,172,981 MWH in the current quarter. The trend of the Index of Electricity Generation from the first quarter of 2013 to the fourth quarter of 2023 indicates an improvement in local electricity generation, despite fluctuations.

The year-on-year analysis also reveals a downward trend in the physical volume of imported electricity. The trend in the physical volume of imported electricity from the first quarter of 2013 to the fourth quarter of 2023 shows a downward trend, indicating the country’s continued effort to generate adequate electricity to meet domestic demand, has led to the decreased reliance on electricity imports.

In response to the need to increase local generation and reduce power imports, the government has initiated a new National Energy Policy. This policy is aimed at guiding the management and development of Botswana’s energy sector and encouraging investment in new and renewable energy. In the policy document, Minister of Mineral Resources, Green Technology and Energy Security Lefoko Moagi stated that the policy aims to transform Botswana from being a net energy importer to a self-sufficient nation with surplus energy for export into the region. Moagi expressed confidence that Botswana has the potential to achieve self-sufficiency in electric power supply, given the country’s readily available energy resources such as coal and renewable sources.

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