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Nkurenkuru, DBN deal delivers 214 erven

2022-10-27  John Muyamba

Nkurenkuru, DBN deal delivers 214 erven

RUNDU - The town of Nkurenkuru has so far managed to service 214 erven, and they are currently up for grabs. 

These erven at the town’s Extension 6 were serviced through a partnership with the Development Bank of Namibia (DBN).

The site was handed over to the contractor on 27 October 2020 to fully service over 300 erven at Extension 6, while DBN finances all aspects related to the servicing. 

The two will share the profit after the sales of the erven, with Nkurenkuru getting 70%, while DBN will get 30% - after DBN had recovered their investment into the project. “We have completed phase one, with 214, and we have started selling them through our investment partner, DBN. All services are there; we have tarred one main road, and others will follow. We are busy with phase two of the project now, where the remainder of the plots are expected to be delivered soon,” explained Nkurenkuru CEO Petrus Sindimba.

“All public servants and other employees who live in Nkurenkuru must get plots. All they need to do is engage DBN here at our town to put in their applications to purchase plots or to have their houses built through the bank.”

Sindimba said residents should no longer have excuses, especially those who are working, as the town is doing its part. It is thus up to them to grab this opportunity to own land or properties.  “With the DBN deal, we won’t be having serviced land delivery issues because we are servicing enough plots to assist in reducing the demand for now,” he added.

Sindimba further noted that there are plenty of contractors with housing projects at the town, which are assisting the town to fight the housing demands. 

“On Friday 28 October, we will have a groundbreaking ceremony with some private contractors who will build new houses at our town. We are encouraging our employed residents, especially those in the public service, to make use of their subsidies,” he advised. 

“It is disheartening that in the past, we had allocated them plots, but to date they haven’t made use of them. These plots are now all bushy, and are making our town look dirty. But we of course thank those who have managed to develop these plots. If they can’t build on their own, they must now buy with projects such as the one we are going to witness breaking ground on Friday.”

2022-10-27  John Muyamba

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