NAMCOR has opened its second service station in the Oshana Region, bringing the total number of service stations by the company to nine since its inception in 2019.
The goal is to have 33 service stations serving the country within the next three years, said Davis Maphosa, Acting Executive: Sales and Marketing.
Maphosa explained that NAMCOR’s retail agenda looks at establishing a sufficient network of profitable sites that will enable them to later serve remote areas, such as regional capitals and rural areas, that do not have access to these services.
“As a commercially classified state-owned enterprises, NAMCOR is expected to deliver shareholder value at all times. Retail sites are one of the building blocks towards realising meaningful shareholder value,” he said.
Maphosa indicated that although it is NAMCOR that built the sites, they provide opportunities to the general public to run and operate them.
Oshana governor Elia Irimari said the development supports their local and regional agenda for increased socio-economic activities through local and international investments in various sectors.
Oshakati mayor Leonard Hango on his part said he was proud to see development and investment of such nature at the town.
He indicated that the fuel station is strategically located and will serve the entire community of Oshakati and travellers passing through the town.
Oshakati currently has a total of eight operating fuel stations which serve a community of 37 000 inhabitants.