Private equity fund pumps P30 million in Nata development
source: Mmegi
WANETSHA MOSINYI
Staff Writer
A London based private equity fund has said the P30 million cash it has injected into the development of the Nata Sanctuary will benefit communities around the area besides promoting tourism.
The directors of Hedgerow Fund said during a courtesy call on the Minister of Tourism, Kitso Mokaila, on Monday, that they plan to construct two accommodation facilities in the next 18 months at the sanctuary.
The two lodges will be subleased to a joint venture partner.
The revenue from one of the lodges will directly go to the community in addition to proceeds from the area lease.
Part of the P30 million will be used for the development of a new gate house at Nata Sanctuary and a training centre for community development. Hedgerow Fund directors were [continue reading]
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