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Invest Solar Africa plans to list on BSE

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Invest Solar Africa (ISA) has set foot in Botswana emboldened by its success in reaching advanced stages in setting up two 20 MW plants in Zimbabwe which can power up to 45,000 households, and other positive developments in Zambia, Mozambique and Namibia.

In Botswana, the unique business model will provide an opportunity for local investors to explore its merits for partnerships and equity, as is the case elsewhere in some of its regional operations. ISA is one of the first renewable energy companies that have specifically been set up to develop renewable energy projects and own them within a corporate set up. “The unique composition of being pro-environment, green, and pro-clean energy in a corporate set up is rare. It is truly a first to find a group of entrepreneurs, investments experts; engineers, and clean energy thinkers design a pragmatic solution of powering Southern Africa within a corporate set up. It’s a unique opportunity for diverse stakeholders in the age of seeking alternative sources of energy to drive economic prowess and reduce dependence on fossil fuels,” says George Manyere the founder and Non-Executive Director of Invest Solar Africa.

This development comes against the backdrop of growing power challenges in the region that have bedeviled Southern Africa for decades with limited success. ISA’s mandate ensures it focuses on renewable energy, developing, maintaining and financing income in building solar parks across Africa as an alternative energy source.

“Amid growing energy shortages, high demand for power in the region, and the consequent effect of this on regional consumers we need to tap onto a sustainable energy. We will power the region and ensure that no consumer is left powerless in the next 15 years. Tapping onto natural clean energy be it wind, sunlight and air should be the strategic focus for Africa for us to be energy self-sufficient and independent,” says Manyere.

ISA plans to list on the BSE to drive its ambitious agenda to establish and install solar photovoltaic plants, which are expected to generate a capacity of 200MW in five years. The ISA project has been underway in countries such as Zimbabwe, Zambia, Botswana, Namibia and Mozambique is at different levels of completion for each country.

For the regional thrust ISA has set up a competent team of investors, engineers, entrepreneurs and strategists. Combined they have managed unique competences in solar parks, clean energy and investments. These are; George Manyare – Founder & Non-Executive Director, Ainos Ngadya –Chief Executive officer, Dudu Garekwe – Deputy Chief Executive Officer and Brain Chindondondo the Chief Operating Officer.

“My vision is to have the opportunity to build a 50MW solar park in Botswana in the next three to five years. We will capitalise on the global political and financial will as demonstrated by The Paris Agreement on Climate Change which is to be implemented November 2020, as we set our eyes on the rest of the continent,” he says.

The Company is hopeful to be listed under the Botswana Stock Exchange in future. The management is urging potential local investors to partner with the company on their quest to achieving the country’s Vision 2036 pillar of Sustainable Environment and on making Africa eco-friendly, after its application has been approved. Invest Solar Africa is a wholly owned subsidiary of MHMK Capital, a private equity investment and advisory firm.

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Cell City rewards customers

Keikantse Lesemela

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Cell City gave away two Toyota Hilux pick up cars worth about P300 000 and three Hisense televion sets worth P15 000 each to their customers through their annual competition.

In partnership with Hisense and Orange Botswana, Cell City conducts annual competitions to reward their customers and contribute to citizen empowerment. Handing over the cars on Friday, Cell City Chief Executive Officer, Brian White said through the competition they want to satisfy their customers and give back to the community. “Cell City and Orange clients were given a chance to win either a Toyota Hilux pickup or a Hisense television set.

All they had to do was purchase any Hisense mobile phone from a Cell City or Orange retail outlet and fill in the competition form in the store,” said White.Thato Ntshabele, who won one of the cars told the Business Trends that she bought a Hisense cell phone worth P900. 00.

“I never expected that I can win a car. I was just filling the forms and dropped into the entry box and I forgot about it. I am so happy to receive this prize and I thank Cell City for this opportunity,” said Ntshabele. Another winner, Dimakatso Mmusi expressed his excitement saying he had always wanted a van and he is grateful to Cell City.

“I just bought a cell phone worth P899.00 at Cell City Railpark mall, I never expected anything, and I was just submitting the form as I was requested by the shop assistants. This car is very useful to me,” said Dimakatso.

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Smecha chillie hits the shelves

Keikantse Lesemela

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For the love of food and the passion to apply modern technology processes in food manufacturing locally, Kgalaletso Mothoagae established her own brand, Smecha specializing in relishes.

She processes and packages chillie in 325 gramms and 1 litre bottles selling at P50 and P150. She told the Business Trends that she decided to process chillies as it is one of the products that are rarely processed in the food industry.

She started cooking it for home consumption and later started selling to friends and currently the product has gone beyond borders at South African Spar shops and Restaurants. “I couldn’t look for any other vegetable as most of them have already been processed in the market. It is my first product of research in the food industry so I found out that I can do good business with this product. This chillie is free from preservatives but still has extended shelf life of 6 months,” said Mothoagae

The Kanye born young lady studied food technology and has the passion to explore the food processing market in Botswana and contribute to reduce the high food import bill. “I wanted to explore more about food and use my skills to contribute to the development of the local food processing and manufacturing industry. I also wanted to supplement my income at the same time,” said Mothoagae.

She has a degree in Food Technology. She says there is a lot of potential for business growth as there is a demand for the product locally and in South Africa. “My main customers are individuals in homes, they have embraced the product, and they love the taste. There is also a market that has been secured in SA; it is available in several shops like spars and some restaurants”. In future, Mothoagae said she would increase the product range to 10 using various vegetables and flavours.

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