Cicero
JF-Expert Member
- Jan 20, 2016
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I found this somewhere:
Barclays Bank of Botswana has made the biggest venture ever into the African continent by financing the Turnstar acquisition of the Mlimani City in Tanzania.
The deal has been calculated at US$ 33.5 million.
The transaction by Barclays is easily among the biggest by a Botswana based bank. The audacity of the deal is made even starker by the fact that it finances a concern that is outside the borders of Botswana.
Turnstar Holdings is a premier property development outfit listed with the Botswana Stock Exchange.
Barclays Bank Botswana Corporate Director, Seseti Mogami, has said the money will be used to acquire and further develop Mlimani City.
Seseti said a decision by Barclays Bank Botswana to go it alone was a vote of confidence in the viability and sustainability of Turnstar Holdings who are also the owners of Game City shopping complex in Gaborone.
Like Game City in Gaborone, Mlimani City has Game Store as the primary tenant.
Now you know!
Barclays Bank of Botswana has made the biggest venture ever into the African continent by financing the Turnstar acquisition of the Mlimani City in Tanzania.
The deal has been calculated at US$ 33.5 million.
The transaction by Barclays is easily among the biggest by a Botswana based bank. The audacity of the deal is made even starker by the fact that it finances a concern that is outside the borders of Botswana.
Turnstar Holdings is a premier property development outfit listed with the Botswana Stock Exchange.
Barclays Bank Botswana Corporate Director, Seseti Mogami, has said the money will be used to acquire and further develop Mlimani City.
Seseti said a decision by Barclays Bank Botswana to go it alone was a vote of confidence in the viability and sustainability of Turnstar Holdings who are also the owners of Game City shopping complex in Gaborone.
Like Game City in Gaborone, Mlimani City has Game Store as the primary tenant.
Now you know!