Investor Apathy defines Response to P3bn Tshele Hill Fuel Project

An outstanding feature at a briefing of editors on the National Strategic Fuel Storage Project this week was the sharp contrast between the apathy of potential investors in the strictly PPP project and the enthusiasm of executives at Botswana Oil Limited who are overseeing the ambitious multi-billion project

The national fuel storage project at Tshele Hill may be facing uncertainty as financiers are showing little enthusiasm for it, The Business Weekly & Review has established.

The hope was that Botswana Oil Limited, the state company overseeing the strategic project, would attract funding – preferably from domestic sources and investors – as a Public-Private Partnership. However, BOL says only foreign entities had raised a hand as of July this year.