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BOPEU and CredInvest International launch home ownership scheme for members

The Botswana Public Employees Union (BOPEU) and Credinvest International Botswana this week unveiled a collaborative project with CredInvest, which  is expected to transform its members courtesy of a rent-to-buy scheme.  BOPEU revealed it has acquired around 500hectares of prime land in Gaborone on which it will develop a city within a city. 

Speaking in a breakfast seminar held at the Protea Hotel in Gaborone on Tuesday, BOPEU and Credinvest International Botswana told the business community and the media that their collaboration will create meaningful homeownership for their members.

The housing project is aimed at designing and developing close to 5000 fully furnished units ranging from apartments and stand-alone townhouses respectively. 

In his welcome remarks, BOPEU president, Olefile Fast Monakwe said his goal is to rebuild BOPEU and reclaim its place as the leading advocacy body of public service employees in Botswana through the Goo ramotho go thebe phatshwa scheme. 

“In December 2016, BOPEU Services successfully concluded a 250 million euros contract with Credinvest for the finance, design, and construction of “rent to own ready to own” of 5000 fully furnished townhouses on a 70 hectare of land in Gaborone central. The project will commence in May 2021 with an anticipated completion date of December 2022. I, therefore, encourage BOPEU members to utilize this project as they will benefit greatly,” said Monakwe.

Meanwhile, BOPEUs Services Chairman Mosalagae Tlako shared the same sentiments further emphasizing that BOPEU will do all in their power to find partnerships that uplift the livelihoods of their members.

“BOPEU Services would work in partnership with investors and financiers to source, design, and deliver required goods and services on a structured basis to be agreed upon for the benefit of BOPEU members.”

When escalating the trust by BOPEU, the Credinvest International Head of Corporate Affairs Africa and Country Director, Lawrence Larson thanked Botswana for its stable economy and political landscape adding that they foresee a great future ahead. He was however worried that due to Covid-19, there may be a lack of availability of high-quality affordable housing for a significant segment of the citizens of Botswana.

“The partnership would demonstrate that providing capital for those in need of it would invest in the progression of a city which would become a testimony of what can be achieved through collaboration. The firm is committed to serving Botswana and the southern region from a fully-fledged office in Gaborone,” he said.

BOPEU revealed it has acquired around 500hectares of prime land in Gaborone on which it will develop a city within a city. 

Speaking in a breakfast seminar held at the Protea Hotel in Gaborone on Tuesday, BOPEU and Credinvest International Botswana told the business community and the media that their collaboration will create meaningful homeownership for their members.

The housing project is aimed at designing and developing close to 5000 fully furnished units ranging from apartments and stand-alone townhouses respectively. 

In his welcome remarks, BOPEU president, Olefile Fast Monakwe said his goal is to rebuild BOPEU and reclaim its place as the leading advocacy body of public service employees in Botswana through the Goo ramotho go thebe phatshwa scheme. 

“In December 2016, BOPEU Services successfully concluded a 250 million euros contract with Credinvest for the finance, design, and construction of “rent to own ready to own” of 5000 fully furnished townhouses on a 70 hectare of land in Gaborone central. The project will commence in May 2021 with an anticipated completion date of December 2022. I, therefore, encourage BOPEU members to utilize this project as they will benefit greatly,” said Monakwe.

Meanwhile, BOPEUs Services Chairman Mosalagae Tlako shared the same sentiments further emphasizing that BOPEU will do all in their power to find partnerships that uplift the livelihoods of their members.

“BOPEU Services would work in partnership with investors and financiers to source, design, and deliver required goods and services on a structured basis to be agreed upon for the benefit of BOPEU members.”

When escalating the trust by BOPEU, the Credinvest International Head of Corporate Affairs Africa and Country Director, Lawrence Larson thanked Botswana for its stable economy and political landscape adding that they foresee a great future ahead. He was however worried that due to Covid-19, there may be a lack of availability of high-quality affordable housing for a significant segment of the citizens of Botswana.

“The partnership would demonstrate that providing capital for those in need of it would invest in the progression of a city which would become a testimony of what can be achieved through collaboration. The firm is committed to serving Botswana and the southern region from a fully-fledged office in Gaborone,” he said.

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BOTSWANAUNPLUGGED is an exclusive online news and lifestyle magazine created for upwardly mobile citizens with distinguished tastes. Based in Gaborone, Botswana; UNPLUGGED is a quintessential online news and lifestyle medium (platform) which strives to speak to the soul of the country’s upscale lifestyle by setting its sights on the passion that permeates our region.

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