Elliot Moshoke

Last updated

Elliot Moshoke
Born
Mahalapye
Citizenship Botswana
Education
Occupations
  • Entrepreneur
  • Businessperson
Years active2002–present
Known forFounder and CEO of Acute Global Limited
Website elliotmoshoke.com

Elliot Moshoke is a Botswanan entrepreneur, and the founder and group chief executive officer (CEO) of Acute Global Limited. [1] He launched the group of companies in 2017, a separate spinoff of their family company Moshoke Ranch, founded in 1979. [2]

Contents

Early life and education

Moshoke was born and raised in Mahalapye where he also spent his childhood. [3]

He holds a Bachelor of Finance degree from University of Botswana. [4] He has also obtained a Law degree (LLB) from University of South Africa. [5]

Career

Acute Global Limited

In 2017, he founded Acute Global, his family-owned group investment holding company. The group of companies is a 100% Botswana-owned investment holding company with primary interests in financial services and food retail.

As of 2022 the group operated nine Payless supermarkets in the country. [6]

Western Insurance Group

Following PSG Group's exit from Botswana, Moshoke's Acute Group acquired both the Western Life Insurance Botswana (Proprietary) Limited, which was renamed to WestLife Insurance Botswana and Western Insurance, now WestSure Insurance Botswana which started operating in Botswana in June 2018, and licensed insurers registered with the Non-Bank Financial Institutions Regulatory Authority ("NBFIRA"). [7] [8] [9] In 2021, the Company shareholding changed, with Acute Global Limited having purchased 100% shareholding through Boago Emerging Markets, part of the Acute Global Limited group of companies. [10]  Western Life Insurance Botswana is a member of the Association of Life Underwriters Botswana. [11] In April 2021, Boikanyo Kgosidintsi was appointed as the new chief executive officer to run the business, immediate focus being operational and financial resilience. [12]

Payless

On April 14, 2021, Moshoke led an acquisition of Payless, the oldest supermarket chain in Botswana, a move that saw the first retail chain get in the hands of an indigenous Motswana. [13] [14] [15] [16] Payless Supermarket, founded in Botswana in 1990, making it the first FMCG chain store in Botswana. The supermarket was going through a liquidation process and Moshoke, through Ellis Retail Group, acquired Payless. [17] [18] [19] [20]

Moshoke was also a director of the retail company Hungbots Limited until 2015. [21]

Politics

Moshoke is a member of the Umbrella for Democratic Change (UDC), and an ally of its leader Duma Boko. [22] In April 2014, while defending Duma Boko, Moshoke threatened to kill Isaac Kgosi, the director of Botswana national intelligence Directorate on Intelligence and Security. [23]

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References

  1. ↑ Adamson, Kabelo (13 July 2021). "Acute business leader » TheVoiceBW". TheVoiceBW. Retrieved 7 October 2023.
  2. ↑ Thatayamodimo, Lesedi. "PAYLESS BTU EASE GROCERY PURCHASING FOR TEACHERS". Daily News Botswana . Retrieved 7 October 2023.
  3. ↑ Tau, Poloko. "Bathu's footprint among Africa's top 10 most admired brands" . News24. Retrieved 30 March 2022.
  4. ↑ "Elliot Moshoke | University of Botswana - Academia.edu". ub-bw.academia.edu. Retrieved 7 October 2023.
  5. ↑ Dikuelo, Pauline (28 May 2018). "Debt Recovery Agency Rehabilitates Indebted Batswana" . Mmegi Online. Retrieved 7 October 2023.
  6. ↑ Sekgweng, Baitshepi (9 August 2022). "Payless...Pay later » TheVoiceBW". TheVoiceBW. Retrieved 7 October 2023.
  7. ↑ "THE PROPOSED ACQUISITION OF 100% OF THE ISSUED SHARE CAPITAL IN WESTERN INSURANCE BOTSWANA (PTY) LTD BY BOAGO EMERGING MARKETS (PTY) LTD" (PDF). Gaborone: Competition and Consumer Authority. 2020.
  8. ↑ "Regulated Entities | NBFIRA". www.nbfira.org.bw. Retrieved 7 October 2023.
  9. ↑ "Application for licensing as Insurers | NBFIRA". www.nbfira.org.bw. Retrieved 7 October 2023.
  10. ↑ reporter, BG (3 December 2020). "BEM seeks to buy Western Insurance Botswana". Botswana Guardian – via PressReader.
  11. ↑ Baruti, Eli (24 May 2021). "LEMO APPOINTED WESTERN INSURANCE BOTSWANA DIRECTOR". Botswana Youth Magazine. Retrieved 7 October 2023.
  12. ↑ "Western Life Insurance Botswana appoints Kgosidintsi as CEO". The Patriot On Sunday. 5 May 2021. Retrieved 7 October 2023.
  13. ↑ Mosekiemang, Kenneth (28 June 2022). "Payless to partake in BSE's Flagship Tshipidi program". Weekend Post. Retrieved 7 October 2023.
  14. ↑ Masolotate, Bonang. "ACUTE GLOBAL ACQUIRES PAYLESS SUPERMARKET". Daily News Botswana . Retrieved 7 October 2023.
  15. ↑ Dikuelo, Pauline (21 March 2022). "Payless' new owner pledges more citizen shelf space" . Mmegi Online. Retrieved 7 October 2023.
  16. ↑ Molelo, Laone (6 October 2022). "Retailers warn local producers against parallel products | Sunday Standard" . Retrieved 7 October 2023.
  17. ↑ Reporter, Sunday Standard (11 July 2022). "Payless makes case for Citizen Economic Empowerment | Sunday Standard" . Retrieved 7 October 2023.
  18. ↑ "Ellis Retail Group Proposes to Acquire the Business and Assets of Payless Supermarkets in Liquidation | Competition and Consumer Authority (CCA)". www.competitionauthority.co.bw. Retrieved 7 October 2023.
  19. ↑ Reporter, Sunday Standard (5 April 2021). "Is the storm over for Payless? | Sunday Standard" . Retrieved 7 October 2023.
  20. ↑ Dikuelo, Pauline (6 March 2023). "Payless eyes revival after closing down most stores" . Mmegi Online. Retrieved 7 October 2023.
  21. ↑ Admin (14 September 2017). "Boko linked company in vagina soap trade". Botswana Gazette. Retrieved 8 October 2023.
  22. ↑ Lebanna, Pako. "Moshoke has case to answer". dailynews.gov.bw. Retrieved 8 October 2023.
  23. ↑ Reporter, Sun (14 June 2017). "Boko's bodyguard has a case to answer – court". Guardian Sun. Retrieved 8 October 2023.
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