Friday, August 12, 2022

Time Projects, Southern District Council bring P60 m PPP mall to Kanye

Kanye, a village in the southern part of Botswana, has been given a facelift with the opening of a multi-million Pula shopping complex, which was built through a Public, Private Partnership Concept.

The Southern District Council has partnered with Time Projects, a local property company to build a P60 million mall which will be opened on March 27.

According to the council, this is the first PPP project and that the hope is to have more projects of this nature to lighten up one of the country’s largest village.

“This is the beginning of good things to come for the Council. We intend to go into other similar projects in future all aimed at raising money for the Council,” Southern District Council Public Relations Officer, Onkabetse Ntwe said.

Ntwe said besides this project, the Council has already signed an agreement with businessman, Satar Dada to construct another mall in Mahube ward in the future. These projects he explained will besides raising revenue for the Council, help in jobs creation and bringing services to the people.

“It is our hope that businesses that will lease space in the malls we are building will employ our people and reduce rural urban migration as well as bring services that people travel to get in places like Gaborone to Kanye,” he further explained.

Ntwe added that most of the quality stores that are seen in towns around the country have already leased in their mall as well as international furniture stores.

“After the opening of this mall, people will no longer have to travel to Gaborone for delicious foods and top market clothes as they will be available right in Kanye,” he stressed.

The government is currently encouraging Councils in the country to seek private partners to go into business with to create revenue for themselves as government revenue is not enough to cater for all Councils financial needs.

The move follows another partnership between Mafenyatlala (KRDA) and Cash Bazaar Holding (CBH), which saw the development of a P50 million that made Molepolole a mini town for people in Kweneng and neighbouring areas.

Chairman of KRDA, Shima Monageng said at the time CBH agreed to develop the mall at its d they are to use the building for 35 years to recoup their costs. “The reason for leasing this plot to CBH was because KRDA was unable to secure loans to develop the mall. We could not meet the banks’ requirements, such as deposits, fees for market research, environmental impact assessment and fees for architects and engineers,” he explained. Instead of leaving Mafenyatlala plot idling, Monageng said, they found it prudent and expedient to lease the plot to CBH for the envisaged development.

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