Apex Looks To Dubai As Botswana Market Matures

Founder and CEO of Apex Properties Umesh Loona PIC: MORERI SEJAKGOMO
Founder and CEO of Apex Properties Umesh Loona PIC: MORERI SEJAKGOMO

Apex Properties says it has decided to explore the Dubai market following a decline in property investment locally.

Founder and CEO of the company, Umesh Loona noted that the decline in the appetite for property investment in the country has forced them to consider other markets.

“Botswana market, just like any country is driven by demand and supply and unfortunately due to our small population, property investment market has reached maturity level and the demand has been stagnant for some time,” he said.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

Have a Story? Send Us a tip
arrow up