At its 7th anniversary celebration at the Stanbic Bank Incubator, Kalafhi Group of Companies announced plans to list on the Botswana Stock Exchange (BSE) by 2030. In his address, Barolong Mouwane, Head of Business Development, outlined how the public listing will fuel the Group’s expansion strategy, enhancing both the affordability and accessibility of quality healthcare in Botswana and eventually across Southern Africa.
Founded in 2018, Kalafhi initially pursued a five-year plan (2018–2023) to build a network of clinics and establish a Day Hospital in Gaborone. Over the past seven years, the Group has surpassed these early milestones, developing a strong operational model centered on the philosophy, “Grow or Die.” “In healthcare, staying stagnant is not an option,” Mouwane emphasized. “We must continuously innovate and expand to deliver accessible, high-quality care.”
The planned listing on the BSE is central to Kalafhi’s future expansion. According to Mouwane, going public by 2030 will provide the financial flexibility to fund new facilities, invest in advanced medical technology, and form strategic partnerships both locally and regionally. He noted that initiatives like the BSE’s Tshipidi Mentorship programme have equipped Kalafhi with the expertise needed for corporatization and compliance, enhancing its governance and transparency. “A public listing will attract partners who share our vision of making top-quality healthcare affordable,” he said.
Kalafhi has built a robust domestic foundation using a hub-and-spoke model. The Day Hospital in Gaborone serves as the central hub for advanced treatments, including oncology, cardiology, and neurology. Meanwhile, clinics in smaller towns operate as spokes, providing essential services such as general practice, physiotherapy, dentistry, and pharmacy. This model minimizes travel time and expenses for patients requiring specialized care, as they are referred to the central facility when necessary.
“Distance is a major barrier to quality healthcare,” explained Mouwane. “By placing clinics closer to where people live and linking them to our central hub, we reduce both costs and travel burdens.”
Digital health innovations are key to Kalafhi’s growth. The Group leverages telehealth and AI-driven diagnostics to offer fast, accurate medical assessments, making it easier to serve remote communities without compromising quality. “Technology enables rapid scaling of our services,” Mouwane said.
Kalafhi’s approach also emphasises affordability. The Group maintains service costs at roughly 20% below market averages without sacrificing quality, thanks to streamlined operations and over 110 years of combined expertise among its leadership team. “Healthcare is a fundamental right,” Mouwane asserted. “We are committed to keeping fees affordable while delivering world-class care.”
With a strong domestic network in place, Kalafhi is setting its sights on the Southern African Development Community (SADC) region. The Group plans to replicate its hub-and-spoke model across borders, addressing the rising demand for advanced healthcare in the region. This vision aligns with Botswana’s goal of becoming a medical tourism hub, as the government promotes centers of excellence through public-private partnerships. “Our Day Hospital offers specialized treatments that once required travel abroad,” Mouwane noted, adding that regional interest is already growing.
