Entrepreneurs turn to crowdfunding

Wilson
Wilson

JWANENG: An entrepreneur, Matthews Wilson and his business partner, Lingani Maphane have adopted an internationally recognised method of fundraising for their business, equity crowdfunding.

The method, which is not yet common in Botswana, is whereby an entrepreneur comes up with a business idea and calls on the public to invest by buying shares in the business as a way of raising funds.

Wilson of Ezymox Holdings explained in an interview that during difficult times when the economy is not doing well, entrepreneurs could turn to equity crowdfunding as an option as  funding from financial institutions is limited. 

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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