IPBF to construct multi-million-dollar upmarket International Indigenous Convention Centre and Hotel

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