The Oshikuku Town Council launched its Investors Policy and Strategy to maintain existing investors and attract new ones who will subsequently contribute to the development of the town and boost its economy.
The chief executive officer of Oshikuku, Julia Kakwambi-Nakale, said the council had initially concentrated on boosting the town’s population in order to create a demand for services.
To date the population had increased from 500 to 5 000 in a span of 10 years since Oshikuku was declared a village council.
“You cannot attract investors if there is no demand,” explained Kakwambi-Nakale.
The Investors Policy and Strategy was launched this week at the Ongwediva Annual Trade Fair.
According to Kakwambi-Nakale the aim of launching the policy is to retain the existing policy, while at the same time attract local, regional and national investors. She added that there is enough land at the town for investment.
The CEO said council has also redirected its focus to create a conducive environment for business across the board.
In addition to that, Kakwambi-Nakale said, the council is also ready to work with investors to put up developmental infrastructure to cut the distance travelled by its residents to seek much-needed services at nearby towns.
She said the investment policy is the council’s compass as it thrives to create an enabling environment to construct industrial, hospitality and training centres to reduce the unemployment rate at the town.
Also speaking at the event, mayor at the town Mbockoma Mungandjera said the gathering targetted to develop a framework to enhance economic activities of the people on the ground.
DHR Management and Leadership expert Hoze Riruako, who in collaboration with the town council developed the investment policy, advised business personalities to explore the untapped opportunities at the town.
Riruako also urged business personalities to use the town’s rich historical background to their advantage and consider investing at the town.