28 Jul 2014 14:00pm
ONGWEDIVA, 28 JUL (NAMPA) The Ongwediva Annual Trade Fair (OATF) preparatory committee has raised some N.dollars 3 million in cash and pledges during the launch and fundraising for this years event here on Saturday.
The committee's spokesperson, Andreas Utoni told Nampa on Sunday Mobile Telecommunications Limited (MTC), as the OATFs main sponsor, contributed the highest amount of N.dollars 450 000.
Standard Bank Namibia contributed the second highest amount of N.dollars 120 000, followed by First National Bank (FNB) of Namibia with N.dollars 80 000, and the Namibia Airports Company (NAC) with N.dollars 50 000.
The Chief Executive Officer (CEO) of Standard Bank Namibia, Junius Mungunda told those present that it is at platforms like the OATF fundraising event that businesspeople and captains of industry have the opportunity to support multi-sectoral trade, business exhibitions and stimulate economic development.
We know annual trade fairs are the driving forces in promoting business exchanges, branding and marketing exposures to new and old entrepreneurs alike, and therefore stimulate social-economic development, prosperity and nurture multi-cultural diversity in our land of the brave, he stated.
Mungunda noted that since its inception in 2000, the OATF has been a success story year after year, and has attracted thousands of people who in turn reward the economy of Ongwediva town and the Oshana Region.
Standard Bank has already invested N.dollars 2 million in the establishment of the state-of-the-art entrance gate at the OATF centre, apart from the bank's N.dollars 120 000 contribution of Saturday evening.
Mungunda said the Standard Bank entrance is expected to be unveiled at the beginning of this year's OATF on 22 August.
The 2014 OATF will be held between 22 to 30 August at its usual venue, the town's trade centre.