SBWire

A group of about 25 people from an informal township of Hakahana have formed Hakahana Industries (Pty) Ltd to partner with Groot Group to manufacture bricks, pavers, retaining walls, building materials, facade systems and stones for Groot Town Center.

The Company seeks to develop Groot Medical Center in partnership with the world’s best medical centers such as Cleveland Clinic in Cleveland, Ohio USA and The Ohio State University Medical Center in Columbus, Ohio USA.

The total budget for the planning, development, engineering and construction of Groot Town Center is US$800 million (N$5.8 billion), which is a combination of 20% of debt and 80% equity financing to come from various lending and institutional investors in the US, Europe, Africa, and Asia.

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Groot is poised to become one of the fastest growing and largest towns in Namibia, an innate character, a center of attraction for the concentration of a multitude of essential socio-economic activities with supportive and complementary relationships.

For the first time in the history of Namibia, the country will no longer be a net importer of electricity, but a producer and exporter of a cost effective, cleaner, safer, reliable, and environmental friendly power generation for the entire Namibia.

NIT plans to offer the most intensive engineering curriculum and training, while NRI in collaboration with NIT, will offer superior training in technology research labs in order to help educate, train, and produce the best engineers, biochemists, and scientists to meet the demand for the next generation of Namibia's industrial economy.

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