Tuesday, June 24, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Region 5 Empowers Optometrists for Inclusive Sport

    Region 5 Empowers Optometrists for Inclusive Sport

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Region 5 Empowers Optometrists for Inclusive Sport

    Region 5 Empowers Optometrists for Inclusive Sport

  • Subscribe
No Result
View All Result
The Business Weekly & Review
No Result
View All Result
Home News

DPF breaks ground for construction of Cresta Jwaneng Boutique Hotel

The occasion also marked extension of the partnership between Debswana Pension Fund and Cresta Marakanelo Limited, who are the anchor tenant of the existing Cresta Jwaneng Hotel that is owned by Debswana Pension Fund. Upon completion of the boutique hotel, Cresta Marakanelo will become the anchor tenants and manage the hotel

mm by Staff Writer
November 24, 2022
in News
Reading Time: 3 mins read
0
DPF breaks ground for construction of Cresta Jwaneng Boutique Hotel
Share on FacebookShare on Twitter
  • Project to take 14 months to complete
  • Minister praises partners for creating jobs

Debswana Pension Fund (DPF) broke ground for construction of an iconic 50-room 4-star boutique hotel in Jwaneng on Tuesday this week.

In her welcome remarks, the CEO of Debswana Pension Fund, Gosego January, expressed her excitement in the commencement of Cresta Jwaneng Boutique Hotel that has been a seven-year dream for the leading private pension fund.

The occasion also marked extension of the partnership between Debswana Pension Fund and Cresta Marakanelo Limited, who are the anchor tenant of the existing Cresta Jwaneng Hotel that is owned by Debswana Pension Fund. Upon completion of the boutique hotel, Cresta Marakanelo will become the anchor tenants and manage the hotel. Over the years, the Fund has derived strong performance across its direct property portfolio that is currently worth over P688 million.

The Fund’s direct property portfolio has remained largely resilient to exogenous shocks such as COVID-19 and national shutdowns and spans across the country with properties that include Debswana House, Gaborone Private Hospital, Gaborone Station Mall and Engen Maun. The Fund seeks to provide superior returns to its members, a goal which is a primary driver of Fund Management expanding the property portfolio.

“Over the years, we have enjoyed strong performance across our property portfolio and are invested in continuing to identify more property investments across the country,” said January. “Debswana Pension Fund understands the importance and benefit of contributing to the development of the country as not only does it enhance Botswana but also improves the lives of our members who are spread across the country.”

January stated that DPF is looking to acquire land in other parts of the country to invest in a mixed-use development aligned to meeting the needs of broader communities, inclusive of DPF’s members. Also speaking at the event, the Managing Director of Cresta Marakanelo, Mokwena Morulane, spoke of the importance of tourism in diversification of the economy and creation of jobs to cap the seemingly intractable burden of unemployment in the country.

He highlighted the alignment of DPF’s and CML objectives as both entities transact in the best interest of their stakeholders in identifying long-term, sustainable projects that yield superior returns for their shareholders and members, as well as contribute to the overall advancement of Botswana. Morulane emphasised Cresta Marakanelo’s interest in working with Debswana’s Jwaneng Mine to identify opportunities for the mining town, its surrounding villages and the wider community that are targeted for enhancement of the tourism sector in the area beyond the life of mine and for betterment of the communities.

In his keynote address, the Assistant Minister of Local Government and Rural Development, Setlhabelo Modukanele, applauded Debswana Pension Fund and Cresta Marakanelo for their partnership over the years, saying it will continue to assist in key government priorities that include creation of jobs for Batswana. The minister stated that the tourism sector, which currently contributes 8 percent to the national economy, holds immense potential for job creation because of its ability to stimulate growth of other sectors linked to travel and tourism.

Modukanele noted that the project is coming at a critical time when the government is accelerating the tourism sector’s recovery from the impact of the COVID-19 pandemic. He appealed to Debswana Pension Fund and Cresta Marakanelo to adhere to sustainability and eco-certification standards in order to attract modern travelers and contribute to reducing Botswana’s carbon footprint.

In his closing remarks, the Deputy Board Chairperson of Debswana Pension Fund said initiating property development projects of this magnitude in the current market volatility illustrates DPF Board of Trustees and Management’s confidence in the Fund’s investment strategy, in particular property investments. Construction of the boutique hotel, which is worth approximately P68 million, is expected to be completed in 14 months.

Tags: COVID-19Cresta Jwaneng Boutique HotelDebswana Pension Fund (DPF)Gosego JanuaryMokwena MorulaneSetlhabelo Modukanele

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • A makeup artist’s venture into ‘plus-size’ activewear
  • From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes
  • If Culture Drives Everything, Why Aren’t You Training for It?
  • Pressure mounts on government over civil servant salaries
  • A Diamond Cannot Be Manufactured In A Lab- Boko Pushes Back At Lab-Grown Diamonds

Site

  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition

© 2021 The Business Weekly & Review. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

© 2021 The Business Weekly & Review. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?