• Mr President, direct appointment is not a panacea for corruptionJune 2, 2025
    Botswana is in the storm of procurement corruption that has been left unattended for the longest time. Yet it appears it is difficult if not impossible to craft long-lasting solutions to as far as possible, cure procurement corruption because… Read more: Mr President, direct appointment is not a panacea for corruption
  • ‘Raise capital through BSE’June 2, 2025
    • BSE CEO implores CEEP beneficiaries • BSE, Debswana, Stanbic partner to unlock growth BAKANG TIRO editors@thepatriot.co.bw Beneficiaries of Debswana Diamond Company Citizen Economic Empowerment Programme (CEEP)have been encouraged to raise capital in the Botswana Stock Exchange (BSE). This… Read more: ‘Raise capital through BSE’
  • ‘Give us our land back’- SaleshandoJune 2, 2025
    Demands return of 22 000 ha in Okavango Delta to Ngamiland residents Accuses Masisi govt of land grabbing, calls for restoration of tribal Land SOLOMON TJINYEKA editors@thepatriot.co.bw RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando Mining… Read more: ‘Give us our land back’- Saleshando
  • Mining sector endures worst recessionMay 27, 2025
    Mining shows zero confidence on better business conditions Weaker global demand of rough diamonds trouble the sector Other sectors optimistic about improved conditions in 2025   BAKANG TIRO RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Mining sector endures worst recession
  • Who is the PSP PROTECTING?May 27, 2025
    “She is protecting those facing corruption probe, hence removing DCEC intelligence head”- claim The DCEC recently confirmed that it was investigating some senior govt officials   DITIRO MOTLHABANE RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Who is the PSP PROTECTING?
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Monday, June 2, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

France’s richest man invests in Botswana

patriot by patriot
January 1, 2021
in News, Uncategorized
235
0
491
SHARES
1.4k
VIEWS
ShareShareShare

The spirited campaign by some conservationists against the Government of Botswana regarding the proposed lifting of the hunting ban seems to be bearing positive results for the Botswana tourism.

Some of the conservationists have called upon tourists and investors to boycott Botswana tourism sector as the country wanted to wipe out elephants; this is despite Government’s constant denial.

RelatedPosts

‘Give us our land back’- Saleshando

Who is the PSP PROTECTING?

BDP shakes BPF

 Diamond Symposium 2018

One of the first investors to defy the ‘sabotage Botswana campaign’ is France’s richest man and his family Bernard Arnault who have chosen Botswana for their first hospitality business investment in Africa.

The LVMH Group – which owns luxury brands such as Louis Vuitton, Christian Dior and Givenchy – led by Arnault has been given a green light by the Competition Authority of Botswana to operate their first safari business in Africa.

Arnault, who recently made international news headline after he pledged over P2 billion (€200 million) to help rebuild the Notre Dame Cathedral which was gutted by fire recently, has entered the safari lodges business in Africa.

They have acquired Belmond Eagle Island Lodge which is situated in the Okavango Delta in Xaxaba Island    and one of the most sought after lodges by the Europeans billionaires.

LVMH, which is a holding company, mainly operates in the production and sale of luxury goods through a portfolio of 70 luxury brands and over 4500 points of sale worldwide.

The LVMH is indirectly controlled by the Arnault Family Group through Groupe Arnault SEDCS and has also been given green-light to also acquire Belmond Khwai Lodge a lavish tented camp on the Kwai River in the Delta floodplains. It was opened in 1971 by Harry Selby and was one of the first lodges to promote safaris with a conservation ethos.

The French group also produces Moet champagne and Hennessy. 

In an interview Minister of Environment, Wildlife and Tourism Kitso Mokaila said that he is not aware of the transaction but it could signal a good sign for the country.

“We are really in need of direct foreign investment and if this transaction goes through it could not only benefit the tourism sector but the country as a whole,” he said.

Mokaila emphasized that their focus is to ensure that communities living in the tourism areas play a key role in driving the sector.  LVMH Group has an accelerator programme for 50 international start-up businesses.

Who is Bernard Arnault?

He is regarded as the pope of fashion as he is the richest man in that industry with his net worth standing at $70 billion (P700 billion).

He was born in March 1949 in Roubaix in Northern France and regarded as an arts lover. He turned around Christian Dior and built a luxury brand empire worth billions.

In late 2018, LVMH announced that it had acquired luxury hotel, train and river cruise company Belmond for $3.2 billion (£2.5bn). Belmond, formerly known as Orient-Express, was established more than 40 years ago with the acquisition of Hotel Cipriani in Venice and has a portfolio of 46 hotels, restaurants, and rail and river cruise experiences. [Additional information from Christian Post]

Related

Tags: FRANCE

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Finally unveiled: Botswana’s rarest diamond yet

Next Post

Limkokwing trains Kweneng District Council Officers

Related Posts

‘Give us our land back’- Saleshando
News

‘Give us our land back’- Saleshando

June 2, 2025
Who is the PSP PROTECTING?
News

Who is the PSP PROTECTING?

May 27, 2025
BDP shakes BPF
News

BDP shakes BPF

May 26, 2025
Civil Service salary talks begin
News

Civil Service salary talks begin

May 19, 2025
Mine workers blast Boko
News

Mine workers blast Boko

May 19, 2025
Khama pokes Motshegwa
News

Khama pokes Motshegwa

May 13, 2025
Next Post
Limkokwing trains Kweneng District Council Officers

Limkokwing trains Kweneng District Council Officers

Please login to join discussion
  • Mr President, direct appointment is not a panacea for corruptionJune 2, 2025
    Botswana is in the storm of procurement corruption that has been left unattended for the longest time. Yet it appears it is difficult if not impossible to craft long-lasting solutions to as far as possible, cure procurement corruption because… Read more: Mr President, direct appointment is not a panacea for corruption
  • ‘Raise capital through BSE’June 2, 2025
    • BSE CEO implores CEEP beneficiaries • BSE, Debswana, Stanbic partner to unlock growth BAKANG TIRO editors@thepatriot.co.bw Beneficiaries of Debswana Diamond Company Citizen Economic Empowerment Programme (CEEP)have been encouraged to raise capital in the Botswana Stock Exchange (BSE). This… Read more: ‘Raise capital through BSE’
  • ‘Give us our land back’- SaleshandoJune 2, 2025
    Demands return of 22 000 ha in Okavango Delta to Ngamiland residents Accuses Masisi govt of land grabbing, calls for restoration of tribal Land SOLOMON TJINYEKA editors@thepatriot.co.bw RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando Mining… Read more: ‘Give us our land back’- Saleshando
  • Mining sector endures worst recessionMay 27, 2025
    Mining shows zero confidence on better business conditions Weaker global demand of rough diamonds trouble the sector Other sectors optimistic about improved conditions in 2025   BAKANG TIRO RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Mining sector endures worst recession
  • Who is the PSP PROTECTING?May 27, 2025
    “She is protecting those facing corruption probe, hence removing DCEC intelligence head”- claim The DCEC recently confirmed that it was investigating some senior govt officials   DITIRO MOTLHABANE RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Who is the PSP PROTECTING?
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?