Family Invests In Lucrative Hotel Business

Bogadi Nkokwena PIC: LESEDI MKHUTSHWA
Bogadi Nkokwena PIC: LESEDI MKHUTSHWA

FRANCISTOWN: Five family members from Parakarungu village took a calculated business risk by investing their family savings in the lucrative hotel industry.

One of the family members, Bogadi Nkokwena, told Business Monitor that their hotel provides accommodation to tourists from as far as Europe, United States (US) and other parts of the world.

She said that they started operating the family business, Nkanga Hotel, in March 2010 as part of their family future financial planning.

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...

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