APP condemns Stina's discount land deal at Divundu

21 September 2020 | Politics

RUNDU

NAMPA



The All People's Party (APP) has condemned the alleged N$20 million discount land deal businesswoman Stina Wu scored at Divundu in the Kavango East Region.

APP secretary-general Vincent Kanyetu condemned this deal on Wednesday, stating that the party was very disturbed about news around the land deal between the Divundu village council and the businesswoman. Namibian Sun reported Tuesday that Stina's company had scored a massive discount of over N$20 million in a land deal that would see the firm acquiring eight erven measuring 83.1738 hectares at Divundu to develop a residential area and shopping complex.

The company was expected to pay N$29 110 830 for the land that was initially offered at N$35 per square metre.

However, the company will only pay N$8 634 760 after its request for a price reduction was granted by the local authority.



Call it off

Kanyetu said the APP denounces the almost 80% discount given to the buyer and called for the immediate reversal of that transaction. “Whilst we welcome investors into our towns and villages, we urge leaders not to dispose of our land for peanuts. The current deal is unjust, not market-related and stinks of corruption,” he said.

He said APP had written a letter to the leadership of the Divundu village council to renegotiate the land deal - and if the buyer does not accept that, to call it off immediately.

According to Divundu village council chief executive officer Athanasius Maghumbo, the land is undeveloped and the company will incur the costs of developing the land. “It was on this basis that the discount was granted,” Maghumbo said.

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