Keep Up With Global Black News

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox.

Avatar photo
BY Abu Mubarik, 4:00pm January 26, 2023,

How Banabasi Marambire rose from an orphan in Zimbabwe to a millionaire in Botswana 

Avatar photo
by Abu Mubarik, 4:00pm January 26, 2023,
Banabasi Marambire is seen in his native Zimbabwe. The entrepreneur’s rags-to-riches story is notable in Botswana, where migrants face an uphill battle in the search for opportunity. (Barmlo / Banabasi Marambire) via CGTN

Banabasi Marambire grew up as an orphan in Zimbabwe with eight siblings. He endured long nights of hunger and was diagnosed with kwashiorkor disease when he was 14 due to poor nutrition.

To survive and also provide for his siblings, he sold beans, sweet potatoes and other vegetables. At the age of 18, Marambire migrated to Botswana in search of greener pastures. In his first year in Botswana, he continued to sell beans, potatoes and vegetables.

“Soon I got tired of the tedious and challenging process of applying for permits to bring the agricultural produce across the border. So, I settled in Botswana and worked as a herd boy,” he told CGTN Africa. As a herd boy, Marambire took home $15 a month. 

However, his ambition and aspiration were more than just selling vegetables and working as a herd boy. He wanted to be an astute businessman and from his meager salary, he saved and registered his first company in Botswana at the age of 25. His company specialized in aggregates for construction.

Today, he has several companies to his name. His website says he is the “founder of Barmlo Group of Companies whose umbrella includes; (1). Barmlo Investments (PVT) Ltd which specializes in Building Materials supply and Brick Moulding; (2). Barmlo Construction (PVT) Ltd whose focus is on the erection of buildings, plumbing, electrification, tilling, carpentry and painting. Barmlo Construction also offers commercial transport. (3). Maineck Holdings (PVT) Ltd., which is grounded on Maize Milling and Food processing and Solar Energy supply.”

He is also a co-owner of Great Dyke AB Academy, which is a private school. According to CGTN Africa, his companies record an annual turnover of 32 million U.S. dollars. In addition, he has employed hundreds across Botswana, Zimbabwe, Zambia and Namibia.

Marambire is showing no signs of slowing down. He is now driven by the desire to help the needy and the poor in society. Considering his background and how he became a multimillionaire, Marambire launched a trust to help the less fortunate ones.

Marambire has authored a book on his journey titled ‘The Herd Boy’. In 2021, he said he was looking at furthering his education.

Last Edited by:Mildred Europa Taylor Updated: January 26, 2023

Conversations

Must Read

Connect with us

Join our Mailing List to Receive Updates

Face2face Africa | Afrobeatz+ | BlackStars

Keep Up With Global Black News and Events

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox, plus our curated weekly brief with top stories across our platforms.

No, Thank You