27 Jul 2019 13:30pm
OTJIWARONGO, 27 JUL (NAMPA) A multimillion dollar modern business complex at Otjiwarongo was on Friday officially opened by Vice President, Nangolo Mbumba.
The Etemba Plaza situated in the central business district of Otjiwarongo belongs to retail businessman, Theo Borstlap who owns Theos Superspar at the town.
Borstlap told the gathering that the new complex will host a restaurant, several retail businesses, mini-shops and a Standard Bank branch amongst others.
He said the bigger part of the complex was newly constructed and other parts renovated at a cost of N.dollars 45 million.
Bortslap said he employs a total of 350 people at the new complex and his existing supermarkets around town.
We are really very happy to see business activity already happening at Etemba Plaza, and a variety of other shops are expected to open very soon, he said.
Mbumba on his part praised Borstlap for the large investment in the local economy through the construction of the new complex, which has changed the face of Otjiwarongo.
Mbumba noted that an investment of this magnitude indeed means support into Governments agenda of job creation and poverty alleviation.
I call upon other local businesspeople to invest more in the country, as the prospects of doing business start to look bright and in the process we address the socio-economic challenges the nation is faced with, he said.
Otjiwarongo Mayor, Bennes Haimbondi also called on other businesspeople to come and invest in the town so that employment and economic opportunities can happen.
Haimbondi said Otjiwarongo is a strategically-located major town between the northern parts of the country and, therefore, is a suitable place for a variety of business activities.