Invest in residential properties � Mokalake


The Minister of Lands and Housing Lebonaamang Mokalake has urged the private sector to invest in the residential property market and assist the Botswana Housing Corporation to build houses for Batswana.

Speaking at the BHC media workshop this week, Mokalake said it was important for private participation, as currently BHC does not get any annual subventions from the government to build houses.

“Usually BHC gets loans from the banks to build these houses and they have to pay back that money with interest,” he said, adding that they are currently sourcing some funds locally and internationally to be sustainable so they reduce the prices by 30 percent.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

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