Dubai billionaires to buy Selibe Phikwe
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Emirate Investment House, a consortium of United Arab Emirates rich businessmen from Dubai are in the process of investing billions of Pula into the entire Selibe Phikwe and SPEDU region and turn them into an empire of value chain businesses and cash spinning enterprises – highly placed sources revealed to WeekendPost this week.
Sources close to developments have disclosed to this publication that investors who recently arrived in the country and were interested in re-opening the mine now want more than the mine and want to turn the whole area into their own economic hub, in line with what the Revitalisation Strategy seeks to achieve.
Suggestions are that Linah Mohohlo who was tasked with coordinating the efforts of resuscitating the once vibrant copper mining town through the Phikwe Revitalisation Strategy played her cards right and convinced the investors to not only pump money into saving BCL alone but to invest in other activities autonomous from mining in the region.
“This is a delegation encompassing highly connected and loaded business magnates, they run and own multinational corporate entities with multibillion dollar revenues, they are looking into tens of billions pula investments locally,” said a source who preferred anonymity. WeekendPost investigations reveal that SPEDU executives along with Mohohlo are scouting for investors from the Emirate Investment House to resource and realize their mandates.
Mohohlo has used her investment wooing expertise to convince and solicit interest from the Abu Dhabi Arabs, and sources reveal she is succeeding as the investors expressed interest and wish to turn the region into their base for agriculture, transport and logistics, international trade as well as manufacturing, exactly what SPEDU seeks to achieve as well.
Sources close to SPEDU and Mohohlo offices have revealed that a chunk of land would be readily available for the Arabs to branch into high value large scale agriculture as well as manufacturing. “The entire SPEDU tourism master plan, agricultural potential unearthing blueprint would be handed over to these investors as soon as they are done with BCL take over,” he said. Minister Kebonang has confirmed that the Dubai investors were not only eyeing BCL but will venture into other business sectors.
“The Emirates Arabs will invest in agriculture, manufacturing, transport and logistics and government is ready to make the ground fertile for them to undertake such ventures as long as jobs are created for our people,” he told WeekendPost this week however underscoring that it might not necessarily be in Phikwe.Efforts to reach Phikwe economic recovery coordinator, Mohohlo were not successful. SPEDU is of the view that their aim was to woo any serious investor to setup economic transforming business and judging by the progress so far, jobs will be created.
THE CASE FOR SELIBE PHIKWE
Selibe Phikwe became a special case last year when government decided to put BCL mine under provisional liquidation due to loss making operations caused by amongst other reasons low copper and nickel commodity prices.BCL dissolution shocked the entire nation and the aftermath left Selibe Phikwe and the entire eastern block in an economic stand still.
Immediately government introduced measures to try counter anticipated socio-economic impacts. From October last year to date the harsh effects of the dissolution of the region’s economic nucleus have not been that catastrophic as anticipated owing to ex-employees still enjoying terminal benefits, and lately shares from their 5 year BCL Staff pension fund which paid collectively over P150 million to qualifying members in February this year.
With the government BCL closure package slowly reaching its afternoon, the aftermaths of the mine closure are expected to hit hard on Phikwe settlers. Incentives included the government paying school fees for former BCL employees’ children attending private English medium schools aimed which is expected to go on until the end of the last quarter of 2017. Currently over a significant number of former BCL miners are still occupying staff houses.
THE BCL SALE
Things may ease up sooner than previously believed should Minister Kebonang’s helter-skelter investor wooing marathon bear fruits, as matter of fact it seems to be already outputting positive results. The group of rich Dubai tycoons are about to seal a deal with Botswana Government on BCL sale – Kebonang was quoted as saying. Critics have raised concerns over the sudden worth of BCL deposits to be up for grabs whereas the initial sentiments were that the company and assets were valueless, as well as lack of consultations on the matter.
However Minister Kebonang, has stated in various interviews about the BCL mine sale that the government reserves the right to consult the public or to deal with the matter privately considering the sensitivity and high value worth and monetary language of the subject.
“I don’t know what consultation people are talking about, we are dealing with a sensitive issue here, moving with speed to try and save thousands of jobs by looking for monetary able individuals,” he was quoted as saying recently.
Last week the Dubai investors visited BCL and undertook a due diligence exercise, a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential. Reports indicate that the investors were impressed by what they saw.
“They assessed the company assets and looked into any information they required,” Provisional Liquidator Dixon-Warren had revealed. According to him, the prospective buyers are expected to make an offer and if agreed upon, purchase of shares would be conducted. “The intention is to put liquidation at halt as soon as possible and hand over the assets to the investors,” he said.
Kebonang revealed last week that government as the largest BCL creditor because of shareholding is willing to forgo its stake from BCL sale returns so that other creditors can be fully paid. “We are looking at about 300 million USD these investors are willing to pay as an offer to take over the assets; and looking at that money, almost all of it will go to creditors such as BPC, Altlas Corp, Air lique just to name but a few and the government will only in return be looking at having its people going back to work,” he explained last week in an interview with one of the local private radio stations.
Kebonang also added that the new BCL owners would further pump over 2 billion pula into the mine to prepare it for operation “well over 2 billion will be required to refurbish the mine, remodel and restructure the mining shafts, and re-arrange the smelting operations to re-craft the entire mining setup to a modern profit making operation,” he stipulated.
NAPRO UP FOR SALE
National Agro Processing Plant (NAPRO) is also geared for privatization, WeekendPost has gathered. Established last year as National Food Technology and Research Centre (NAFTRC) commercial arm, NAPRO processes tomatoes, onions and other vegetables to increase their shelf life. The plant initially established and funded by Office of the President with over P100 million is said to be approaching zero balance status in their working capital accounts.
Earlier this year in Talana Farms, Minister of Agriculture and Food Security Partrick Ralotisa made remarks that the Plant would be sold to any interested investors with the aim of turning it into a world-class food processing entity. Information reaching WeekendPost suggests the Dubai investors have been sold the idea of pocketing NAPRO as well to enhance their agricultural and food processing ambitions in Botswana.
An Executive from NAPRO who preferred anonymity told this publication that rumours of the plant being privatized have reached their understanding “Yes, we know that any time we might find ourselves no longer under NAFTRC of Botswana Government,” they said. According to the source NAPRO financial figures are not commercial and business viable for continuity under the current setup.
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The newly elected Botswana Movement for Democracy (BMD) Executive Committee led by Pastor Reverend Thuso Tiego has declared their disapproval of homosexuality saying it is anti-Christianity and Botswana culture.
Speaking at a Media Briefing this past week, BMD President Tiego said Botswana has been a country that respects culture hence endorsing homosexuality will be catastrophic.
“Our young generation grew up being taught about types of families, if homosexuality is passed, at what age will our children be introduced to homosexuality?” he rhetorically asked.
He continued: “If we are going to allow homosexuality then the next day, another person will come and say he wants to practice bestiality. What are we going to do because we have already allowed for this one (homosexuality) and at the end it will be a total mess.” Bestiality is sexual relations between a human being and an animal
This according to Tiego will give those people an opportunity thus disrupting known Botswana beliefs. He however dismissed any notion that the decision to condemn homosexuality should not be linked to the top two of the committee who are men of cloth. “This is a decision by the whole committee which respects the culture of Botswana and it should not be perceived that because we are clergymen we are influencing them, but even if we do, politics and religion are inter-related.”
Of late the church and the human rights organization have been up in arms because of the high court decision to allow for same sex marriages. Ministries ganged up, petitioned parliament and threatened to vote out any legislator who will support the idea. The ruling party, BDP which was to table the amendment in the constitution, ended up deferring it.
BMD President further revealed that he is aware of what really led to the split of the party and he is on course to transform as they approach 2024 elections.
“There are so many factors that led to split of party amongst others being leadership disputes, personal egos and ambitions, toxic factionalism and ideological difference just to mention a few, but we are transforming the party and I am confident that we will do well in the coming elections.
In addition, Tiego is hopeful that they will take the government as they feel it is time to rebrand Botswana politics and bring in fresh blood of leaders.
He further hinted that they are coming with positive transformation as they eye to better the lives of Batswana.
“When we assume government, we promise to be transparent, free and fair electoral processes and encourage pluralism as way of getting back to our roots of being a democratic country as it seems like the current government has forgotten about that important aspect,” Tiego explained.

Reeling under the increasing barrage of stinging international sanctions, the isolated North Korean regime is reportedly up to its old trickery, this time in a more complicated web of murky operations that have got the authorities of five southern African countries at sixes and sevens as they desperately try to tighten their dragnet around Pyongyang’s spectral network of illicit ivory and rhino horn trade.
It is an intricate network of poaching for elephant tusks and rhino horns that spans Botswana, Mozambique, South Africa and Zimbabwe, with the main sources of the contraband being Botswana and South Africa.
The syndicate running the illegal trafficking of the poached contraband is suspected to be controlled by two shadowy North Korean government operatives with close links to one Han Tae-song, a disgraced North Korean career diplomat who, while serving as the second secretary at his country’s embassy in Harare, Zimbabwe, was expelled in 1992 after he was fingered as the mastermind behind a similar illegal ring that was busted by the country’s authorities.
This disturbing tale of malfeasance by North Korean state actors is as real as it gets.
Recent reports indicate that authorities in the source countries are jointly battling to plug holes created by the shadowy syndicate which allegedly has on its payroll, park rangers, border officials and cross-border truck drivers.
Even more disturbing are allegations that some wildlife officials are conniving in misrepresenting numbers of retrieved rhino horns and ivory from poachers and getting kickbacks for their involvement in the pilfering of ivory and rhino horns from government stockpiles especially in South Africa.
In a shocking and well-orchestrated movie-style heist in South Africa, thieves in June this year made off with 51 rhino horns after breaking into a very secure government stockpile facility of the North West Parks Board (NWPB).
While some suspects from South Africa and Malawi were nabbed in a government sting operation, none of the rhino horns – 14 of which were very large specimens that can fetch serious money on the black market – were recovered.
A report of the heist said the police were lethargic by eight hours in responding to an emergency alert of the robbery which was described by North West police spokesperson Brigadier Sabata Mokgwabone as “… a case of business robbery…”
Thabang Moko, a security analyst in Pretoria says the military precision in the burglary, delays in police response, and failure to recover the stolen rhino horns is dubious. “This development lends credence to suspicions that some government officials could be part of a shadowy syndicate run by foreign buyers of rhino horns and ivory,” Moko says.
It is understood that in light of the rhino horns heist in North West, South Africa’s Minister of Environment, Forestry and Fisheries, Barbara Creecy on 1 August, shared her concerns to her counterparts in Botswana, Zimbabwe and Mozambique calling for greater regional cooperation to combat the illegal wildlife trafficking which she believes is being masterminded by the Far East’s buyers of the ill-gotten horns and ivory.
It is believed that foreign kingpins involved in perpetuating the illegal trade are mainly North Koreans vying against Vietnamese and Cambodian buyers in the quest for dominance of the illicit trade in rhino horns and ivory sourced from southern Africa.
Creecy’s concerns, which she also shared to South Africa’s state-run broadcaster SABC, echoed Moko’s worries that the North West heist may have been an inside job.
According to Creecy, there was a need for the International Criminal Police Organisation (Interpol)’s greater involvement in joint investigations by affected countries as there were indications of ‘local knowledge’ of the North West job and that syndicates, “Higher up the value chain actually recruit park rangers to the illegal ivory trade network.”
Botswana’s Environment and Tourism Minister Philda Kereng is on national record admitting that poaching was a source of headaches to her government, especially considering that the daring poachers were making successful incursions into secure areas protected by the Botswana Defence Force (BDF).
This came after poachers gunned down two white rhinos at the BDF-protected Khama Rhino Sanctuary in August 2022 despite Kereng putting the time frame of the killings between October and November 2022.
Kereng hinted at the existence of Asian controlled syndicates and acknowledged that the surge in poaching in Botswana is driven by the “increased demand for rhino horn on the international market” where in Asia rhino horns are believed to be potent in traditional medicines and for their imagined therapeutic properties.
Botswana has in the past recorded an incident of a group of an all-Asian reconnaissance advance team teams being nabbed by the country’s intelligence service in the Khama Rhino Sanctuary.
Masquerading as tourists, the group, with suspected links to North Korea and China, was discovered to be collecting crucial data for poachers.
Also according to reliable information at hand, an undisclosed number of wildlife parks rangers were arrested between September 2022 and January this year, after information surfaced that they connived in the smuggling of rhino horns and ivory from Botswana.
One of the rangers reportedly admitted getting paid to falsify information on recovered horns and ivory which were smuggled out of the country through its vast and porous eastern border with South Africa, and making their way to their final destination in Mozambique via back roads and farmlands in South Africa and Zimbabwe.
“We are aware that in the past year, some rhino horns and ivory illegally obtained from Botswana through poaching activities and shady deals by some elements within our wildlife and national parks department, have found their way out of the country and end up in Mozambique’s coastal ports for shipment to the Far East,” a Department of Wildlife and National Parks (DWNP) source says.
Independent investigations reveal that two North Korean buyers, one of them only identified as Yi Kang-dae [confirmed to be an intelligence official in the country’s state security apparatus], acting on behalf of the disgraced Han Tae-song, financed the entire operation on two occasions between 2022 and 2023, to move at least 18 rhino horns and 19 elephant tusks from Botswana, including pay-offs – mostly to border patrol and customs officials for safe passage – along the knotty conduit across South Africa’s north western lands, then across south-eastern Zimbabwe into Mozambique.
According to a trusted cross-border transport operator in Zimbabwe, the rhino horns and elephant tusks were illegally handed over to smugglers in Mozambique at an obscure illegal crossing point 15km north of Zimbabwe’s Forbes Border Post in November 2022 and February this year.
The end buyers in Mozambique? “It is quite an embarrassment for us, but we have solid evidence that two North Korean buyers, one of them who is linked to a former notorious diplomat from that country who has been in the past involved in such illegal activities in Zimbabwe, oversaw the loading of rhino horns and ivory onto a China-bound ship from one of our ports,” a top government source in Maputo said before declining to divulge more information citing ongoing investigations.
Yi Kang-dae and his accomplice’s whereabouts are presently unclear to Mozambican authorities whose dragnet reportedly recently netted some key actors of the network. Han Tae-song currently serves as North Korea’s ambassador to the United Nations in Switzerland.
North Korean diplomats have in the past used Mozambique as a final transit point for the shipment of rhino horns to the Far East.
In May 2015, Mozambican authorities nabbed two North Koreans, one of them a Pretoria-based diplomat and political counsellor identified as Pak Chol-jun after they were caught in possession of 4.5kg of rhino horn pieces and US$100,000 cash.
Pak’s accomplice, Kim Jong-su, a Taekwondo instructor also based in South Africa, was fingered as a North Korean spy and returned to North Korea under suspicious circumstances on the heels of Pak’s expulsion from South Africa in November 2016.
A security source in Zimbabwe closely following current developments says there is a big chance that Han Tae-song may have revived the old smuggling network he ran while posted in Zimbabwe in the 90s.
“The biting international sanctions against North Korea in the past decade may have prompted Han to reawaken his network which has been dormant for some time,” the source says. “There is no telling if the shady network is dead now given that Han’s two front men have not been nabbed in Mozambique. More joint vigilance is needed to destroy the operation at the source and at the end of the line.”
North Korean diplomats have, as early as October 1976, been fingered for engaging in illegal activities ranging from possession of and trade in ivory pieces, trade in diamonds and gold, the manufacture and distribution of counterfeit currencies, pharmaceuticals, and the sale on the black market, of a paraphernalia of drugs, cigarettes, alcohol and other trinkets on the back of protracted and biting international sanctions against the reclusive state for its gross human rights abuses against its own people and flagrant nuclear tests.
These illegal activities, according to a US Congressional Research Service (CRS) report, have raked in at least US$500m annually for the Pyongyang regime. Other global studies estimate that North Korea’s illegal earnings from the black market are around $1bn annually, and are being channelled towards the country’s nuclear weapons programme, while ordinary North Koreans continue to die of mass starvation.
In February 2014, Botswana, citing systematic human rights violations, severed ties with North Korea with the former’s president Mokgweetsi Masisi (then vice president) calling North Korea an ‘evil nation’ on 23 September 2016, at a United Nations General Assembly forum in Washington, USA.
Botswana has close to 132,000 elephants, more than any of its four neighbouring countries, namely Angola, Namibia, Zambia and Zimbabwe, according to a 2022 Kavango Zambezi Transfrontier Conservation Area (KAZA TFCA) Elephant Survey.
The rhino population in Botswana has significantly dwindled, with poaching a leading cause of the decimation of the country’s rhinos. Despite dehorning and relocating its diminishing rhino population from the extensive Okavango Delta to undisclosed sanctuaries, Botswana has since 2018, lost 138 rhinos to poachers.
The sharp spike in rhino poaching in Botswana came after the country’s government made a controversial decision to disarm park rangers in early 2018.
In a statement delivered in November 2022 to the Convention on International Trade in Endangered Species (CITES) CoP-19 in Panama, the Botswana government instead blamed the surge in poaching to a shift of foreign-sponsored organised poaching organisations from South Africa to Botswana.
“This increase in rhino poaching in Botswana coincided with a decline of rhino poaching in South Africa from 2018 to 2020, suggesting a displacement of the poaching syndicates from South Africa to Botswana,” the statement reads. “The recent decline in rhino poaching in Botswana (2021 and 2022, relative to 2020) coincides with the increase in rhino poaching in Namibia and South Africa, further suggesting displacement of the poaching syndicates across the sub-region.”
According to the Botswana government, as of 13 November 2022 the country has secreted its shrinking rhinos (only 285 white rhinos and 23 black rhinos) in undisclosed locations within the country’s borders.
South Africa has close to 15,000 rhinos. Between January and June 2022 alone, poachers killed 260 rhinos in South Africa for their horns. The country is home to the majority of Africa’s white rhinos, a species whose existence remains under threat of extinction due to poaching.
The major threat posed by foreign state actors including those from North Korea, to southern Africa’s rhino and elephant population remains grim as the bulk of the rhino horns and elephant tusks reportedly continue finding their way to the Far East, where China is being used as the major distribution centre.