Groot Group and Partners to Develop Africa’s Largest Hakahana Wire and Cable Manufacturing Plant in Windhoek, Namibia

 

Hakahana Wire & Cable is expected to become the largest wire and cable manufacturing factory in Africa, focusing on producing wire, cable, connectivity and networking products for the transmission of signals for data, sound and video applications for use in broadcast, automotive, telecommunications, aerospace, enterprise, transportation, industrial, energy and consumer electronics for the whole of Africa and the world markets.

Windhoek, Namibia, October 04, 2012 –(PR.com)– Groot Group and Partners are forming a joint venture, namely; Hakahana Wire and Cable (Pty) Ltd, for the development of the Hakahana Wire and Cable Manufacturing Plant (Hakahana W&C) in Windhoek, Namibia.

Hakahana W&C is expected to become the largest wire and cable manufacturing factory in Africa focusing on producing wire, cable, connectivity and networking products for the transmission of signals for data, sound and video applications for use in broadcast, automotive, telecommunications, aerospace, enterprise, transportation, industrial, energy and consumer electronics for the whole of Africa and the world markets.

Groot Group seeks to partner with some of the world’s largest wire and cable manufacturing equipment makers, technology processes, and suppliers for the development and commissioning of the Hakahana Wire and Cable Plant. “We’re currently exploring the opportunity to acquire all the Ramatex Buildings in Windhoek for the use of our planned Hakahana Wire and Cable Manufacturing Plant, but if we don’t reach an amicable agreement with the parties involved, then we will look at developing and constructing new infrastructure buildings elsewhere in the Windhoek or Okahandja area,” states Simon Kapenda, CEO of Groot Group.

Budgeted at more than US$1 billion (N$8 billion) for its development, Hakahana W&C expects to create more than 1,500 new direct jobs at its planned manufacturing plant with more than 7,500 new indirect job opportunities throughout Namibia.

Groot Group has partnered with some of the leading Namibian entrepreneurs and local governments; such as Otavi Town Council and Tses Village Council and some of the world’s largest companies, providers, and investment powerhouses such as Danieli, ABB, Aurecon, Mott MacDonald, Siemens, and more for the development and construction 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 focusing 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.

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

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