Entrepreneurs turn to crowdfunding

Friday, March 31, 2017

JWANENG: An entrepreneur, Matthews Wilson and his business partner, Lingani Maphane have adopted an internationally recognised method of fundraising for their business, equity crowdfunding.

The method, which is not yet common in Botswana, is whereby an entrepreneur comes up with a business idea and calls on the public to invest by buying shares in the business as a way of raising funds.

Wilson of Ezymox Holdings explained in an interview that during difficult times when the economy is not doing well, entrepreneurs could turn to equity crowdfunding as an option as funding from financial institutions is limited.

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