The case for affordable housing

Lands minister Nonofo Molefhi said this week that the Botswana Housing Corporation would introduce an Instalment Purchase Scheme (IPS) for people who do not qualify for mortgage loans and that such people's monthly payments would convert into a purchase instalment.

We say Godspeed to this noble endeavour! Botswana's economy has been growing steadily over the years now. While this growth has brought prosperity to many, it has also led to land speculation as manifested in land and housing prices skyrocketing beyond the means of low-income families and entry-level graduates.

The result has been that only the rich or those commanding high-bracket salaries salaries can - and do - respond to adverts placed by estate companies, including the BHC. In this insouciantly free market, we have an ever-thickening mass of homeless people. IPS should surely address this problem, at least in part. It is our hope that the programme will not only facilitate home ownership but will also give people a choice of where they want their homes to be.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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