Our Journey since origin
The origin of the Group dates back to 1998 when the Alliance Energy Group (PTY) Ltd (AEG) (formerly known as Lubricants Supplies Botswana (Pty) Limited [LSB]) was incorporated with the mandate to develop and market the Castrol brand in Botswana. This was an initiative by the Group’s Chairman Mr. Aryl Ralebala.
By 2007 the Castrol brand’s market share in Botswana was in excess of 60%. This provided the platform for the AEG Group to venture in to other areas of activity leading to the evolution of AEG to its present form.
Effective 1st October 2023 the shareholdings of the Companies making up the ‘LSB Group’ were transferred to the Alliance Energy Group (PTY) Ltd (AEG). This led to the renaming of the LSB Group as “AEG Group”.
The current shareholders of AEG are as follows:
Aryl has been the Managing Director of AEG since inception 25 years ago. Prior to which he was with Shell holding positions in Retail & Commercial.
Nafrin is a Fellow of the Chartered Institute of Management Accountants and holds a
Bachelor of Commerce degree.
Seyed J Anzsar
Accountant by profession with many years experience including as Partner of an international firm of accountants.
Non Executive Director
Banking professional and presently CEO of one of the leading financial institutions in Zambia.