Disir
Platinum Member
- Sep 30, 2011
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The government leased four farms in September for 99 years to a company called Comsar Properties SA, owned by Sardarov.
The four farms, valued at N$43 million and measuring a combined 17 000 hectares, were paid for by the Russian, and registered as state property by the land reform ministry.
However, unanswered questions plague this transaction, especially why the government opted to lease the land for N$160 000 a year, and rejected a N$24 million donation by the Russian to needy causes and development projects.
Prime minister vows to defend Russian land deal in court - The Namibian
99 years at that price. Talk about kicking cans down the road.
The four farms, valued at N$43 million and measuring a combined 17 000 hectares, were paid for by the Russian, and registered as state property by the land reform ministry.
However, unanswered questions plague this transaction, especially why the government opted to lease the land for N$160 000 a year, and rejected a N$24 million donation by the Russian to needy causes and development projects.
Prime minister vows to defend Russian land deal in court - The Namibian
99 years at that price. Talk about kicking cans down the road.
