Investors wary about crowdfunding

Crowdfunding is stil a new financing method in Botswana
Crowdfunding is stil a new financing method in Botswana

Real estate investment and development firm, Vantage Properties has decried the low participation in the crowdfunding initiative for Rerotlhe, a local property developer seeking to build affordable houses in Mogoditshane.

Launched last month, the crowdfunding initiative is expected to raise up to P5.38 million from armchair investors to build 17 units for affordable housing, 13 for sale and four for rentals on a 3,685 square metre (sqm) plot.

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large pool of people. It makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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