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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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