BUDDING NEWS              

Botswana Building Society is owned by a number of investors such as individuals and institutions such as Botswana Government and fund managers. The company was established on 13 December 1976 under the Building Society’s Act and is amongst the few indigenous institutions that provide property finance.

During the first 10 years of operation, the Society was initially restricted by law to lend only against the security of immovable urban property. The Act was amended in April 1986 to permit lending in rural areas.

This change reflected the commitment to contribute to the social and economic upliftment of Batswana, the majority of who reside in rural areas of Botswana.

In addition, up until 1986, the Society restricted its lending to residential properties only but that was changed to include lending for acquisition of commercial property. [Read more…]