How the richest in Botswana make their earnings

Ever been wondering where the top 5 richest me in Botswana make their earnings? Today we have complied a list of their money making schemes.

Abdul Satar Dada

• He is the founder of Associated Investment Development Corporation (AIDC)
• Among other things, AIDC is the controlling shareholder of Tswana Pride, Botswana’s dominant poultry company.
• Tswana Pride slaughters, ships and sells chicken under its own brands and through private label products and has revenues of more than $50 million a year.
• He also owns Motor Center Botswana, one of the biggest Toyota dealerships in Botswana.

Gulaam Husain Abdoola

• Hussain Abdoola founded Turnstar Holdings, a $160 million (market cap) diversified regional sub-Saharan African property loan stock company listed on the Botswana Stock Exchange.

Chandrakanth D. Chauhan

• CEO and largest individual shareholder of Sefalana group, the first company to get listed on the Botswana Stock Exchange.
• Chauhan owns a 4.5% stake in the company which is valued at more than $12 million.

Ramachandran Ottapathu

• Ottapathu, 52, is the CEO of Choppies, Botswana’s largest retailer.
• Ottapathu owns a 19.5% stake in Choppies which is valued at more than $60 million.

Farouk Essop Ismail

• Ismail is a co-founder and Deputy Chairman of Choppies, Botswana’s largest retailer. He owns a 14.6% stake in the listed retailer which is valued at more than $45 million.