A new N$80 million investment by Standard Bank in the business of local property development company Stantoll Properties will soon see the development of 325 erven at the Oshana Region town of Ongwediva, specifically catered to first-time home owners and students.
The bank this week announced that it was entering into a N$80 million financing facility with Stantoll Properties CC MD Ben Zaaruka to build what he called “a small Auasblick kind of housing development” at the town this year.
Read more about Ongwediva 'Auasblick' in the making
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