Groot Group, SDS Group, and Partners to Develop Africa’s Largest Food Processing Plant in Nkurenkuru and Oikokola in Namibia

 

Sitentu Food is expected to become the largest dynamic food processing plant in Africa focused on engineering and processing agricultural produce, seafood, meat of all type, and frozen food products for the distribution to the whole of Africa and the world markets.

Windhoek, Namibia, September, 2012 –(PR.com)– Groot Group, SDS Group, and Partners are joining forces on an equal shareholding value to form a joint venture, namely; Sitentu Food (Pty) Ltd, for the development of the Sitentu Food Processing Plant (Sitentu Food) in two separate areas in rural Nkurenkuru in Kavango Region and rural Oikokola in Omusati Region, which are located in Northern and North-Eastern Namibia.

Sitentu Food is expected to become the largest dynamic food processing plant in Africa focused on engineering and processing agricultural produce, seafood, meat of all type, and frozen food products for the distribution to the whole of Africa and the world markets.

Sitentu Food seeks to partner with some of the world’s largest food processing equipment makers, service providers, and suppliers for its two planned dynamic food processing plants. “We’re aiming to help empower Namibia and Angolan rural and commercial farmers to supply to Sitentu Food in order make a decent living from their farming activities,” exclaims Danny Kamunoko, Managing-Director of SDS Group.

“We would depend on the commercial and rural farmers in Namibia and Angola to supply our Food Processing Factories with raw agricultural produce and meat products in exchange of cash compensation. By doing so, the Sitentu Food Processing Plant will effect a rapid development of a powerful economic linkage between urban and rural in Namibia and Angola with multiplier of mutuality benefits to be derived from Sitentu Food Processing Plan.t. States Simon Kapenda, Economist and Project Manager of Sitentu Food.

Budgeted at more than US$5 billion (N$41 billion) for its development and construction, Sitentu Food expects to create more than 3,000 new direct jobs at each Sitentu Food in Oikokola and Nkurankuru and more than 15,000 new indirect job opportunities throughout Namibia. The Feasibility and the Environmental Impact Assessment Studies for the Sitentu Food Processing Plant starts in November 2012 with the construction planned to start in September 2013.

Groot Group and SDS Group have partnered with Namibia entrepreneurs and local governments in Namibia such as Otavi Town Council and Tses Village Council and some of the world’s largest companies, providers, and investment powerhouses for the development of Otavi Steel, Tses Glass, and Sitentu Power Plant in Namibia.

About Groot Group
Groot Group is a Namibia-based premier rapid industrial development and foreign direct investment management company which focuses on implementing applied neuroeconomics and systems dynamic to efficiently explore, develop, and manage self-sustained ecosystems for the slow-developing and stagnant economies. Learn more about Groot Group at http://www.grootgroup.com.

About SDS Group
SDS Group is a Namibia based premier strategic development and service firm with rooted principles in project development, implementation and execution. The Company forms strategic partnerships with other firms for the efficient delivery of high-impact experiential economic initiatives that drive fast growth, high output alignment, mindset and capability around nations’ crucial priorities. Learn more about SDS Group at http://www.sdsgroup.com.na.

Contact
Simon Kapenda, CEO
Groot Group
Windhoek, Namibia
Phone: +264-81-250-9027
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

Share
This entry was posted in African News and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply