INVESTMENT in the development of towns by the private sector is not only contributing towards infrastructural development but also in job creation.
The former minister of education, David Namwandi during the inauguration of a newly built shopping centre in Ongwediva on Saturday said that the initiative of Dr Erastus “Chicco” Shapumba of the Chicco Group of Companies is a shining example of private business investment in the future of Namibia.
Namwandi praised Shapumba as a man who has distinguished himself as a fine business personality, whose duties are to build the country’s economy, as well as to generate work and wealth.
In 2018 Shapumba established a massive shopping mall valued at N$140 million at Ongwediva, in addition to his other business complexes at towns such as Oshakati, Ondangwa, Outapi, Okahao and Windhoek.
“I am made to understand that he has a workforce of over 500 employees,” stated the former education, arts and culture minister.
Namwandi pointed out that some of the notable projects that Shapumba has built include shopping malls, office complexes such as the Shapumba Towers and warehouses in Windhoek among many others.
Namwandi said Shapumba deserves the doctoral degree in Business and Commerce award which he was honoured with due to his commitment and tireless efforts in developing the country.
Speaking on the same occasion, Shapumba urged the local authorities in the country to support the business community in their respective towns through the development of housing not far from the shopping malls.
“We cannot make good business without customers living in the neighbourhood of the business malls that we are trying to establish,”
He also wants the local authorities always to consult the business community to be part of the strategic when a development project, especially housing, is to be embarked on by a town leadership.
Shapumba graduated from being a pole cutter as a young man to a successful Namibian business tycoon.