Connect with us

Hi, what are you looking for?

Business

BOPEU’s city within a city

BOPEU's city within a city
DELIGHTED: Olefile Monakwe

Union partners with Malta financing company to build houses

Botswana Public Employees Union (BOPEU) has partnered with Credinvest International Corporation, a Malta company for the financing, designing, and development of 5, 000 fully furnished apartments.

The construction of the houses which will be in the form of two-bedroom apartments, two-bedroom stand-alone townhouses, and three-bedroom stand-alone townhouses is expected to commence in May this year.

Speaking at the announcement of the partnership on Tuesday, BOPEU President, Olefile Monakwe described the project as the greatest milestone in the history of the organization.

“In December 2020, BOPEU Services – a company established in 2016 – successfully concluded a 250 million Euros building contact with Credinvest for the finance, design, and construction of rent-to-own apartments of a 7—hectare of land in Gaborone central,” said Monakwe.

The anticipated completion date is December next year, Monakwe explained, adding that the resolution to finance the project has since been signed.

“This development will be a landmark site in Gaborone and will effectively be a city within a city. Furthermore, it will make housing which has been unaffordable for most of our members a reality,” he said.

Advertisement. Scroll to continue reading.

The Union leader said that for the first time affordable quality housing will be made available to union members.

“This scheme is for BOPEU members and those who want to benefit will have to join the union.”

For his part, Credinvest Head of Corporate Affairs and Country Manager, Lawrence Lawson said through the partnership, Credinvest will demonstrate that linking providers of capital with those in need of it can result in the creation of a beautiful city, which will become a definition of modern Botswana.

“It would also be a testimony of what can be achieved through collaboration,” he said.

According to Lawson, Credinvest’s local presence is a pledge by the company to work side by side with Batswana.

“Empirical evidence shows Africa requires a total of US$4 trillion to achieve its millennium development goals, and we are proud to announce that our firm remains committed to actively working in conjunction with Botswana government and citizens,” he said.

Advertisement. Scroll to continue reading.
1 Comment

1 Comment

  1. LEBONE MODIKWA

    March 16, 2021 at 8:14 pm

    where do members enquire about this development

Leave a Reply

Your email address will not be published. Required fields are marked *

YelloCard-Botswana
Advertisement
DStv Botswana
Advertisement
Emergency Assist 991
Advertisement
FNB Botswana

You May Also Like

News

Old Naledi Police are investigating a case in which a 31-year-old suspected thief suffered severe burns from an electric shock while attempting to steal...

News

It was all joy and happiness for Boitumelo Gaeboloke when he was announced as the winner of a brand new Mercedes Benz A200 Sedan...

News

Thamaga 10 accused of murder, rape and robbery in single night of terror The high-profile trial of 10 suspected members of a notorious Thamaga...

News

“My signing the CMB contract had no bearing at all in the functions of the board” Morupisi The embattled former Permanent Secretary (PSP) to...

News

“This is amateurish for a pastor.” Hunyepa Botswana National Front (BNF) has dismissed utterances made by their 2019 Parliamentary candidate for Gaborone North, Haskins...

News

Goat rescue ends in donkey bite for 11-year-old boy Attempting to rescue a goat, an 11-year-old schoolboy was rewarded for his bravery with a...

International

We are straight out of the Easter holidays so I will choose to focus on light news. But before I get into the main...

News

A 34-year-old Maun woman accused of almost frying her boyfriend’s penis with boiling cooking oil in a cold-hearted attack appeared before Magistrates Court this...

Entertainment

It hurts to see some leaders flagrantly flouting covid- 19 protocols when new positive cases are increasing by the day. The latest to be...

News

Two Werda women got sick and died after drinking traditional beer named Khadi at home in Hereford, about 50km from Werda. The two victims...

News

BRIDE ARRESTED IN CONNECTION WITH GROOM’S DEATH What was meant to be a wedding celebration in Lotlhakane village turned into mourning over the Easter...

Entertainment

Within her first month as BFA CEO, Goaba Taylor is alleged to have embarked on a spring-cleaning mission already. Shaya has been told that...

Advertisement

Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.