By Mosa Mojonothoane
MASERU
Concerned about less participation of local entrepreneurs in the mainstream economy, Khotso Mahonko has founded a holding company, The Takeover Consortium, which has currently opened calls for registration.
The Takeover Consortium seeks to become a huge Basotho-owned holding company with different investment portfolios in Lesotho and beyond.
It will help Basotho to open, among other profitable, sustainable and low-risk ventures, food processing, fin tech, mining, manufacturing, commercial farming and property development enterprises.
“The Takeover Consortium emerges from the concern that Basotho are not participating in ownership of large companies, most of them are street vendors or in some small, hand-to-mouth businesses. The major challenge is our national crisis of lack of competitive capital, bearing in mind that most of us are not from rich families like foreigners who have taken up the space,” said Mahonko, who is also the Chairperson of the Consortium.
He said The Takeover Consortium was founded in April last year, upon the realization of a need for unity and collaboration to raise competitive capital to venture into large-scale businesses. It completed legal registration in September 2022.
Mahonko revealed to this reporter that they now have more than 200 shareholders, saying after June this year they will be able to plot a way forward as they are now patiently saving capital. He expressed bravery over the potential of Basotho, saying “Basotho have a very well trained human capital, and very educated people. On our board, we have qualified people in legalities, technology, corporate governance, management and administration, accounting and finance, investment and economics, marketing and entrepreneurship. That’s heavyweight quality talent if you ask me.”
He further noted that ever since the introduction of this initiative, people have been showing interest though they have been challenged by their socio-economic status. He said this is the main reason why Basotho should support and join sustainable business ventures to eventually break the poverty circle in the country.
Meanwhile, The Takeover Consortium has held a number of conferences to solicit Basotho towards building a “strong” fund to be invested in different industries by buying the equities from thriving companies, starting the businesses under the consortium and investing in the banking financial markets to ultimately take the economic markets from the hands of the foreigners.
Mainstream economy beacons Basotho’s participation
Mosa Mojonothoane
MASERU
Concerned about less participation of local entrepreneurs in the mainstream economy, Khotso Mahonko has founded a holding company, The Takeover Consortium, which has currently opened calls for registration.
The Takeover Consortium seeks to become a huge Basotho-owned holding company with different investment portfolios in Lesotho and beyond.
It will help Basotho to open, among other profitable, sustainable and low-risk ventures, food processing, fin tech, mining, manufacturing, commercial farming and property development enterprises.
“The Takeover Consortium emerges from the concern that Basotho are not participating in ownership of large companies, most of them are street vendors or in some small, hand-to-mouth businesses. The major challenge is our national crisis of lack of competitive capital, bearing in mind that most of us are not from rich families like foreigners who have taken up the space,” said Mahonko, who is also the Chairperson of the Consortium.
He said The Takeover Consortium was founded in April last year, upon the realization of a need for unity and collaboration to raise competitive capital to venture into large-scale businesses. It completed legal registration in September 2022.
Mahonko revealed to this reporter that they now have more than 200 shareholders, saying after June this year they will be able to plot a way forward as they are now patiently saving capital. He expressed bravery over the potential of Basotho, saying “Basotho have a very well trained human capital, and very educated people. On our board, we have qualified people in legalities, technology, corporate governance, management and administration, accounting and finance, investment and economics, marketing and entrepreneurship. That’s heavyweight quality talent if you ask me.”
He further noted that ever since the introduction of this initiative, people have been showing interest though they have been challenged by their socio-economic status. He said this is the main reason why Basotho should support and join sustainable business ventures to eventually break the poverty circle in the country.
Meanwhile, The Takeover Consortium has held a number of conferences to solicit Basotho towards building a “strong” fund to be invested in different industries by buying the equities from thriving companies, starting the businesses under the consortium and investing in the banking financial markets to ultimately take the economic markets from the hands of the foreigners.