Trade unions and investors have been urged to exploit investment opportunity in the country’s second largest city for better profits.
“Consider investing in Francistown.
The city offers some great opportunities where your unions can invest,” Francistown mayor James Kgalajwe said.
Kgalajwe made this recommendation when deliberating some welcome remarks last Thursday at the Botswana Teachers Union (BTU) third congress of delegates in Francistown.
Francistown, Kgalajwe said, has got room for entrepreneurs keen to invest in a number of business sectors.
According to Kgalajwe, Francistown has been playing second fiddle to Gaborone when it comes to developments especially infrastructural expansion.
He said many entrepreneurs have preferred Gaborone over Francistown.
Kgalajwe said Francistown promises much of what is on offer.
He said potential investors should come and see for themselves what is currently on offer in Francistown. “Trade unions have got money.
And utilize the money u have to develop structures in Francistown for business purposes.
Francistown has got a lot to offer,” said the mayor, who is also the councilor for Satellite North ward.
The mayor said Francistown is not congested like Gaborone.
He said it is no longer viable for one to run a business in Gaborone especially in the provision of office space.
“Gaborone market is saturated. Everyone is building storey buildings in Gaborone and the market is already inundated,” said Kgalajwe, adding that in Francistown land for commercial purposes is still in abundance.
BTU is one of the unions which are venturing into business. The union recently acquired a lodge at a value of P19.6 million.
And the union will be generating funds for the economically growth of the amalgamation.
Kgalajwe also urged other unions such as Botswana Sectors of Educators Trade Union (BOSETU), Botswana Public Employees Union (BOPEU) and Botswana Mine Workers Union (BMWU) to consider investing in Francistown.
By investing in Francistown, Kgalajwe said trade unions will be playing a significant role in reducing the ever escalating unemployment rate in the country.
According to recent statistics, the country’s unemployment rate is currently standing at 17percent.
For his part, outgoing BTU president Justice Kobamelo Kgabeng said his union is planning to economically grow the amalgamation.
Kgabeng said BTU has established a business wing which is aimed at coming up with more ideas and products to grow the union.