B2Gold Namibia supports employees to acquire houses at Otavi

22 Oct 2016 14:50pm
OTAVI, 22 OCT (NAMPA) - Otjikoto B2Gold Mine Namibia has acquired 120 serviced residential plots to build houses for its employees in Otavi.
The Otavi Town Council serviced the plots with funds from the Ministry of Urban and Rural Development.
The plots range between 300 and 1 000 square metres, and were purchased at N.dollars 10 per square metre.
Handing over the plots Thursday, Minister Sophia Shaningwa said the plots will be registered in the names of the beneficiaries and title deeds issued in their names.
“As the minister tasked with overseeing affairs of local authorities, urban and housing development in the country, I have given my blessings to the sale of these plots,” said Shaningwa.
The minister warned beneficiaries not to construct shacks behind the main houses once they are completed.
The employees are expected to construct their own houses on the plots with the assistance of commercial banks.
The mining company will provide guarantee to different banks for its employees residing in Otavi to secure mortgage funding.
Shaningwa also called on other companies to follow the example of B2Gold Namibia by assisting employees to acquire residential plots and build their own houses.
She said financial institutions must also come up with innovative solutions that will help local authorities deliver affordable serviced land and houses to the people.
Shaningwa also urged architects, engineers and builders who will be engaged in the housing project to meet with beneficiaries to look into the levels of their incomes to ensure affordability.