Namibia: Oshakati Borrows Big to Provide Housing

[New Era]Oshakati -The Oshakati Town Council has secured land to service approximately 4000 erven at newly established residential sites within the town's boundaries. This council further says it has obtained a N$50 million loan from the Development Bank of Namibia to service 272 erven in the newly proclaimed Extension 16 an upscale suburb that was formerly known as Okaku Kiipupu. In addition the council is spending over N$16 million to tar roads and to put up streetlights in the posh suburb. Oshakati Town Council Chief Exec