Coops Join Hands To Invest In Property

Four cooperatives have invested in the residential property market
Four cooperatives have invested in the residential property market

SELEBI-PHIKWE: Four cooperative societies have joined forces to buy land near Phakalane in Gaborone for development of a multi-residential property in a bid to diversify and move away from being consumer-orientated.

The four are Selebi-Phikwe, Bobonong, Motswedi and Ditswammung, cooperative societies. The latter two are        from Gaborone,

Botswana Cooperatives Association vice chairperson Tebogo Venson said during an interview that they jointly acquired a P4 million plot to build residential houses for rental. “It is a multi-million pula project. It consists of 52 plots valued at P30 million. The project would undoubtedly improve profits for our members,” he said.

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