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Nedbank partners Ongos in quest to alleviate the critical housing shortage in Windhoek

Nedbank partners Ongos in quest to alleviate the critical housing shortage in Windhoek

Nedbank Corporate and Investment Banking signed a partnership agreement with Ongos Valley Development recently, for the servicing and construction of a proposed 3,665 low and middle income residential housing units at a total cost of N$3.7 billion.

The aim of the project is to alleviate the critical housing shortage in Windhoek for the low- to middle-income households by undertaking a large scale, cost effective development, driven by private initiative and supported by government.

In the long-term this project will supply more than 25,000 housing units for the low- and middle-income classes, four business centres including 106 business plots, 48 institutional plots, and over 20% of the development dedicated to public and conservation open areas.


 

 

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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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