By: Nghiinomenwa-vali Erastus
The Municipal Council of Windhoek has granted in-principle approval for Grow More Investments CC to lease 2 portions (7 and 8) of Farm 466 (Ramatex Textile Namibia) for the next 25 years.
Grow More Investments CC is a subsidiary of Rani Group International, which currently owns and operates 56 retail shops and eight 8 manufacturing outlets.
This approval was decided upon at an Ordinary Council Meeting held last week. According to the council update, Grow More Investments CC will lease portions of Farm 466 for logistics and manufacturing purposes.
The Ramatex buildings and land joined a long list of valuable economic assets that are not being utilised around the country, after it was abandoned by a Malaysian clothing manufacturer in 2008.
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