Home Africa Namibia: Chicco to get N$30m land for N$8m at Oshakati – News

Namibia: Chicco to get N$30m land for N$8m at Oshakati – News

Namibia: Chicco to get Nm land for Nm at Oshakati – News

Africa Links 24 with Eliaser Ndeyanale
Published on 2024-07-22 17:00:00

Urban and rural development minister Erastus Uutoni reportedly approved the sale of land at Oshakati worth an estimated N$30 million for just N$8 million to businessman Erastus ‘Chicco’ Shapumba.

The Oshakati Town Council, in a media statement on Thursday, announced that the land was sold to Mouse Properties Ninety Eight CC, owned by Shapumba.

In June 2016, the council sold the land in question, a well-known erf previously known as Omatala, to Shapumba’s company for N$2,5…

Read the Full article on The Namibian

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