Bayport Botswana Co-founder Dies
Monday, July 27, 2015
Segomotso Masukula who perished in a car crash a day before the celebrations is praised as the co-founder of the multi-million company along with the executive chairman Father Maphongo. It was a bitter sweet moment for the company that was also celebrating the awarding of the Global Campaign’s Smart certificate, the only micro-lender in Africa to have been accredited with the certificate.
Father Maphongo relieved the early days with Masukula when they founded the company then known as Money Quest, with a half a million loan facility from CEDA as well as their personal savings, back in 2005. Maphongo says their breakthrough started when they secured a deduction code. Maphongo says the value of the deduction code would later attract investors Bay Port, giving birth to a business partnership in 2010.
It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...