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Letlole finalises P53m sale of Moedi House

Landmark: Moedi House in the Fairgrounds area of Gaborone PIC: LETLOLE.COM
Landmark: Moedi House in the Fairgrounds area of Gaborone PIC: LETLOLE.COM

Local property group, Letlole la Rona (LLR), is concluding an agreement to sell Moedi House in Fairgrounds for P53 million to a group partly owned by the Tibone family.

In a notice to the Botswana Stock Exchange, LLR directors said a sale deal was being finalised with Shining Sun Investments Proprietary Limited for Moedi House.

According to records at the Copyright and Intellectual Property Authority, 51% of the acquiring company is owned by Shyam Sunder Sreekaram, Shashi Kala Bala Sreekaram and Akheel Jinabhai.

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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