President Hage Geingob said that government will benefit considerably if the deal to sell the Erindi Private Game Reserve to Mexican billionaire Alberto Baillẻres is successful and sealed.
Baillẻres is said to have offered to purchase the prime game reserve for N$1.9 billion.
Hage said this at Omuthiya town hall meeting on Monday, saying that government is expected to get N$100 million from the N$1.9 billion sales of Erindi.
He used Erindi as an example of the government having wanted to buy the farm for the sake of land development, but couldn’t do that due to selling price.
Geingob said the farm has been up for sale for the last five years but no one was able to buy it locally including the government. Government had offered to purchase the farm for N$265 million but the owners turned down the offer.
“This is a country ruled by law, and Erindi is not owned by Namibians, is a South African owned property. People who own property has the right for ownership until they are compensated to vacate the piece of the land government want to develop,” said Geingob.
He stated that they have had taken an oath to protect the rights of others, and defending it when the government is being “attacked” that the farm is illegally owned.