Invest in Botswana's Healthcare Future
A SEZA-qualifying healthcare development within Botswana's national-priority framework, underpinned by strong market fundamentals.
The Opportunity
TEMCO Specialised General Hospital is a 130-bed specialised tertiary hospital in development at the Sir Seretse Khama International Airport Special Economic Zone, Gaborone. The project addresses a documented gap in Botswana's healthcare infrastructure and sits inside a national-priority framework — NDP 12 Priority, BETP, PEMANDU Associates delivery-readiness validation, SEZA-qualifying and Ministry of Health Letter of Support.
Capital structure is open to investor proposal — debt, equity, blended, convertible or joint venture. Full capital ask, 25-year financial model, capital structure and supporting documentation are available to qualified investors on inquiry.
0
Specialist Beds
SSKIA
SEZ Location
25 Yr
Operating Model
0
Target Opening
Why TEMCO
Government-Programme Endorsement
Listed NDP 12 Priority, BETP Project, PEMANDU Associates delivery-readiness validation, SEZA-qualifying, and Ministry of Health Letter of Support. The project sits inside Botswana's national-priority framework.
Demonstrated Regional Demand
Hundreds of millions of pula in documented annual medical outflow from Botswana, on top of a multi-hundred-million-dollar regional tertiary-care addressable market across SADC. Demand is demonstrated, not projected.
Service-Ceiling Gap
A documented capability ceiling above what existing Botswana tertiary facilities currently deliver. The specific equipment architecture, procedure set and peer-comparison detail is shared with qualified investors on inquiry under NDA.
SSKIA SEZ Framework
SEZA-qualifying within the Sir Seretse Khama International Airport Special Economic Zone. A material strategic footing for the project. Full fiscal architecture and its modelled impact on project economics are available to qualified investors on inquiry.
Investment Profile
A qualitative summary of the project's return profile. The full 25-year financial model, capital structure, detailed return metrics and sensitivity analysis are available to qualified investors on inquiry.
Above Hurdle
Project Returns
Material project IRR above the 15% WACC hurdle in the base case
Long-Dated
Return Profile
25-year operating horizon with meaningful terminal value
Within Decade
Payback
Payback achieved within the first decade of operations
Positive
Net Present Value
Positive NPV at a 15% WACC in the base case
Strong
Operating Margins
Robust stabilised EBITDA margin at steady state
Open
Capital Structure
No pre-specified debt/equity mix — investor proposes
Full financial profile, capital structure and supporting 25-year model available to qualified investors on inquiry.
Request the Full Financials25-Year Financial Model
The project is underpinned by a detailed 25-year unlevered financial model with conservative occupancy ramp (initial ~35% Year 1 ramping to steady state over three years), strong EBITDA margins at maturity and meaningful terminal value.
Upside scenarios (additional SADC inbound capture, medical tourism step-up, pharmaceutical Phase 2) are documented but not relied upon in the base case.
What the full model covers
- Revenue build by service line and year
- EBITDA build with full cost-base assumptions
- Capex schedule with equipment lease treatment
- NPV, IRR, payback and sensitivity analysis
- Terminal value scenarios and exit pathways
- Downside stress testing and breakeven analysis
National-priority project. Market-validated. SEZA-qualifying.
Addressable Market
Beyond the hundreds of millions of pula in annual domestic medical outflow, TEMCO addresses a significant regional opportunity — a multi-hundred-million-dollar SADC tertiary-care addressable market across 16 nations and a population of 380M+, with sustained growth in private specialist demand.
Gaborone's central SADC location and SSKIA's international connectivity position TEMCO to serve regional patients who currently travel to South Africa, India or Thailand for tertiary care.
Full market-sizing methodology, segmentation and pricing model available to qualified investors on inquiry.
Cost Advantage
TEMCO is positioned to deliver specialised tertiary procedures at a meaningful discount to equivalent regional private rates, without the travel and accommodation burden of medical tourism abroad. The specific price architecture is shared with qualified investors on inquiry under NDA.
- Price position below SA private benchmarks
- No cross-border travel or accommodation cost
- SSKIA SEZ framework underpins project economics
Detailed procedure-level pricing benchmarks versus regional peers available under NDA.
Government-Programme Endorsements
NDP 12 Priority
National Development Plan
BETP Project
Economic Transformation Programme
PEMANDU MTM
Delivery-Readiness Validation
SEZA Qualifying
Special Economic Zone Authority
Ministry of Health
Letter of Support
JCI Accreditation Target
First in Botswana
Investment Timeline
2026
Capital Raise
Investor engagement and financial close
Q4 2026 - Q1 2029
Construction
Build, fit-out and equipment commissioning
Q2 2029+
Operations
Phased ramp to steady-state occupancy
Why Investors Join TEMCO
A capital partnership with TEMCO is more than a financial investment. It is a stake in Botswana's healthcare future, structured for institutional discipline and long-dated returns.
Modelled Returns
Material project IRR above the 15% WACC hurdle in the base case. Positive NPV, payback within the first decade and strong stabilised EBITDA margins. Full figures from the 25-year model available to qualified investors on inquiry.
Government-Programme Backing
NDP 12 Priority, BETP Project, PEMANDU Associates delivery-readiness validation, SEZA-qualifying and Ministry of Health Letter of Support. A sustained national-priority framework.
Open Capital Structure
Equity, debt, blended, convertible or joint venture — structure agreed at the partnership level. We listen first. You propose what works for your mandate.
Tangible Asset Base
A 130-bed physical hospital on 7-11 ha at SSKIA SEZ. Real estate plus operating business — not a software or platform play. Asset-backed and depreciable.
Regional Catchment
Hundreds of millions of pula in documented domestic outflow, plus a multi-hundred-million-dollar regional tertiary-care addressable market across SADC. Demand is demonstrated, not projected.
Strategic Influence
Board seat or board observer rights. Operational involvement welcomed. Your sector advisors invited onto the development team. Real influence, not passive cheque-writing.
How to Become a TEMCO Capital Partner
A clear five-step process from first contact to financial close. Designed for institutional investors and family offices who require disciplined diligence and structured engagement.
Initial Conversation
30-minute introduction call with the project team. Understand your mandate, the project thesis and any preliminary questions.
NDA & Data Room
Mutual NDA executed. Access granted to the full data room: financial model, business plan, government-programme endorsements and clinical framework.
Site Visit
Visit the SSKIA SEZ site in Gaborone. Meet the project team in person. Tour the location and discuss with government-programme stakeholders.
Term Sheet
Indicative term sheet exchange. Investor proposes structure, amount and conditions. We negotiate around the project economics.
Definitive Documents & Close
Legal due diligence, definitive transaction documents, regulatory approvals and financial close. Construction commences Q4 2026.
Average time from first contact to term sheet: 6-10 weeks. From term sheet to financial close: 12-16 weeks.
Risk Factors & Mitigations
We do not hide risks. Here is a transparent view of the principal risks and how the project structure addresses each one.
Risk
Construction & Delivery
Phased build programme. Experienced engineering and architectural team in-house (Ben Olebile, Lawrence Sebele). Milestone-triggered drawdowns. Independent project monitoring available.
Risk
Market Demand
Hundreds of millions of pula in documented annual outflow to South Africa and India. Six-to-twelve-month current wait times for oncology, cath lab and dialysis. Demand is demonstrated, not projected.
Risk
Regulatory & Political
Botswana is investment grade (S&P BBB- / Moody's Baa1, both negative outlook as of October 2025). Independent judiciary. Common law system. English official language. Peaceful democratic transitions since independence (1966). The project is a national-priority development with SEZA-qualifying status already secured.
Risk
Currency & Repatriation
Botswana Pula is one of Africa's most stable currencies. Full currency, exchange-control and capital-flow framework details are shared with qualified investors on inquiry under NDA.
Risk
Clinical Recruitment
Clinical operations partnership with Advance Medical Africa for protocols, staffing pipelines and training. Specialist recruitment plan in place. Botswana-trained specialists supplemented by SADC and international hires.
Risk
Capital Structure
Open structure approach — investor proposes the capital stack. No fixed debt requirement. Equity-heavy structures welcomed for de-risking.
Risk
Operational Execution
Strategic investor with hospital-sector experience welcomed onto the operational team. JCI accreditation pathway established. Pre-operational team led by registered clinicians and finance professionals.
Risk
Liquidity & Exit
Several exit pathways contemplated for the partnership. Exit architecture, transferability and liquidity mechanics discussed with qualified investors on inquiry and agreed at partnership formation.
Available Under NDA
Once a mutual NDA is in place, qualified investors gain access to the full TEMCO data room. We have prepared a complete diligence package — institutional-grade and ready for your team.
What's Inside
- 25-year financial model (75 sheets, scenario switcher, full assumptions log)
- Capital ask, use-of-funds breakdown and capital structure proposals
- Detailed business plan and clinical operations framework
- Government-programme endorsements: NDP 12, BETP, PEMANDU MTM designation, SEZA correspondence
- Ministry of Health Letter of Support
- Site documentation: SSKIA SEZ allocation, zoning, infrastructure
- Architectural concept and floor plans (Lawrence Sebele, Lead Architect)
- Clinical service framework and equipment specification
- Partnership agreements and clinical operations memoranda
- Project team CVs, credentials and registrations
- Tax and regulatory analysis within the SSKIA SEZ framework
- Comparable hospital benchmarks and market sizing methodology
Questions Investors Ask
The questions we hear most often during initial discussions, answered directly.
What is the capital ask and investment ticket?+
A single clean capital ask covers the full 130-bed specialised tertiary hospital. We are open to co-investment where multiple parties combine, but our preferred structure is a single anchor investor or a small club of 2-3 institutional partners. Smaller minority positions are possible by negotiation. Full capital ask and use-of-funds breakdown available to qualified investors on inquiry.
Is the structure equity, debt or both?+
Open. We have not pre-specified the capital structure. The investor proposes — equity, senior debt, mezzanine, convertible, blended, or joint venture. The project economics work across multiple structures, and we adapt to the partner's mandate. The financial model shared under NDA is unlevered (no debt assumption) so you can layer in your preferred capital stack.
How do you handle currency risk?+
Botswana Pula is one of Africa's most stable currencies. Medical equipment contracts and reference patient pricing can be denominated in hard currency by agreement. Full currency, FX and capital-flow framework details are shared with qualified investors on inquiry.
What is the SSKIA SEZ footing worth to the project?+
Materially significant for project economics. The full fiscal architecture and its quantified impact on the 25-year model are shared with qualified investors on inquiry under NDA.
Who owns the land?+
The project site is allocated within the Sir Seretse Khama International Airport Special Economic Zone, governed by SEZA. Tenure is long-term leasehold aligned to the SEZA framework. Ownership, tenure and transferability mechanics are shared with qualified investors on inquiry.
What is the exit strategy?+
Several exit pathways are contemplated for the partnership. The specific exit architecture, transferability and liquidity mechanics are discussed with qualified investors on inquiry and agreed at partnership formation.
How conservative is the financial model?+
The model uses conservative assumptions: an initial ~35% Year 1 occupancy ramping over three years to steady state, stabilised EBITDA margins below international tertiary hospital benchmarks, no significant medical tourism upside in the base case, and a hurdle-rate assumption above typical infrastructure benchmarks. Upside scenarios are documented but not relied upon. Detailed assumptions log available under NDA.
What about clinical staffing in a small market?+
Clinical operations partnership with Advance Medical Africa provides protocols, staffing pipelines and training integration. SADC region clinical recruitment plan in place. Several specialists already committed to the project on conditional letters of intent. Botswana has produced specialists who are returning home for the right opportunity — TEMCO is that opportunity.
Why opening in 2029, not earlier?+
Realistic delivery: capital formation 2026, construction Q4 2026 to Q1 2029, commissioning Q1 2029, operations Q2 2029. That is a 24-month build for a 130-bed specialised tertiary facility — the international benchmark for this scope. Compressing the timeline introduces execution risk that we are not willing to take with investor capital.
What if the project doesn't hit its numbers?+
Downside scenarios are modelled in detail with significant headroom before breakeven and with the project remaining cash-flow positive under conservative revenue stress testing. The hospital is a tangible asset — even in a stress scenario, the underlying real estate and clinical infrastructure retain significant residual value. We do not promise outcomes; we share modelled scenarios with qualified investors under NDA and let them form their own view.
Visit Us in Gaborone
We invite qualified investors to visit the SSKIA SEZ site in person, meet the project team, tour the location and discuss with government-programme stakeholders. Site visits typically run 1-2 days and can be coordinated to align with your travel schedule.
Investor Enquiries
For detailed financial information, data room access or to schedule a discussion with the TEMCO project team, contact our investor relations team.
Information herein does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering will be made only to qualified investors pursuant to definitive transaction documents, in compliance with applicable law. Past performance is not indicative of future results. All projections are based on assumptions that may not be realised. Investors should conduct their own due diligence and seek independent professional advice before making any investment decision. TEMCO Specialised General Hospital is a project of Murua Home (Pty) Ltd, CIPA BW00009159934.