IPBF to construct multi-billion-dolllar conference centre

WINDHOEK: The Indigenous People’s Business Forum (IPBF) plans to construct a multi-million up-market International Indigenous Convention Center and Hotel in Windhoek.

The first-ever state-of-art facility will be constructed in Klein Windhoek this year, IPBF Chief Executive Officer Chrisch Siririka told Nampa on Wednesday on the sideline of the launch of the company’s Indigenous Development Fund in Windhoek.

He said the company has acquired 45 hectares of land from the Windhoek municipality and construction is expected to be commenced in few months to come.

He also indicated that upon completion of the convention centre, about 3000 Namibians will be employed on a permanent basis.

He then encouraged Small and Medium businesses to grab the opportunity to take part in sub-contracting jobs during the construction of the center.

He said the finance of the construction is already secured and the center will be up and running towards the end of 2015.

On Wednesday, the IPBF launched its Indigenous Development Fund, which will focus on Small and Medium Enterprises’ (SMEs) financing.

The Fund will provide loans to IPBF members, SME businesses, women-owned, youth-driven and rural community businesses.

(edited)WINDHOEK: The Indigenous People’s Business Forum (IPBF) plans to construct a multi-million-dollar upmarket International Indigenous Convention Centre and Hotel in Windhoek.

The first-ever state-of-the-art facility will be constructed in Klein Windhoek this year, IPBF Chief Executive Officer Chrisch Siririka told Nampa on Wednesday on the sidelines of the launch of the company’s Indigenous Development Fund here.

He said the company has acquired 45 hectares of land from the Windhoek municipality, and construction is expected to commenced within a few months.

Upon completion, about 3000 Namibians will be employed on a permanent basis at the centre.

Siririka thus encouraged small and medium enterprises (SMEs) to grab the opportunity to partake in sub-contracting jobs during the construction of the centre.

Finances for the construction has already been secured,while the centre will be up-and-running towards the end of 2015.

Meanwhile, the newly-launched Indigenous Development Fund will focus on the financing of SMEs.

The fund will provide loans to IPBF members, SMEs as well as women-owned, youth-driven and rural community businesses.

SOURCE: NAMPA