Namibian development entity Ongos Valley and Botswana Housing Corporation (BHC) have launched a joint venture to develop over 3,000 affordable housing units in Botswana over the next four years.
Dubbed Bonno Target 3000, the housing initiative is expected to inject P3 billion ( over N$4 billion) into the Botswana economy and create more than 30,000 direct and indirect jobs.
“There are so many stakeholders involved, which means we cannot do it alone. We do it in collaboration and with smart partnerships. And today here with the government, BHC and Ongos, we are forming that partnership to deliver housing,” said Reagon Craig, Chairperson of Ongos Valley Group, during the official unveiling on Tuesday.
The project will be constructed on a 50-hectare site, with the focus on delivering a range of quality, affordable homes to suit different needs – from one-bedroom apartments to standalone three-bedroom houses.
The units are expected to be priced between P400,000 and P1.2 million.
“It caters to young men and women in uniform, such as teachers and policemen, allowing many first-time homeowners to be financially included in the market. A home is the most precious asset for our hardworking citizens, and owning this home allows for financial inclusivity,” Craig said.
Construction will commence with bulk infrastructure and internal reticulation works in the second quarter of 2025, with housing development expected to begin in the third quarter.
“We expect the project to be completed in 48 months,” Craig confirmed.
This latest venture follows Ongos Valley Development’s expansion across the continent, including a 2023 agreement with the Zambian government to deliver 2,000 housing units in the Lusaka South Multi-Facility Economic Zone. “The vision is to be at the forefront of an African renaissance by providing solutions to elevate dignity and decency through the power of ownership,” Craig said
