Groot Property Group has proposed to merge the development of its Groot Power Plant with that of NamPower CCGT Kudu Power Station on a 40/40 basis partnership.

Windhoek, Khomas -- (SBWIRE) -- 11/10/2011 -- Groot Property Group (Pty) Ltd has selected and appointed UK-based Mott MacDonald through its South Africa wholly-owned subsidiary Merz and McLellan as the Engineering, Procurement, and Construction Management (EPCM) for the Company's planned 900 MW Natural Gas Power Plant (Groot Power Plant) in Uubvlei, Namibia.

Mott MacDonald is an international consultancy with over 14,000 employees and a turnover of 1 billion Euros. It has extensive capabilities in the power sector in the USA, UK, Middle East, Far East and through its local subsidiary Merz and McLellan in Sub Saharan Africa. It has also been previously involved in NamPower's 400kV Interconnector where it was appointed to assist NamPower with the design, construction, and monitoring works.

Groot Property Group has also selected UK-based Sterling Quality Services Limited (SQS) to provide Quality Assurance, Inspection, and Expediting Services for the planned Groot Power Plant. While Saudi Arabia-based Arabian International Company for Steel Structure (AIC Steel) has been selected to supply steel structure for the construction of the Groot Power Plant.

Mott MacDonald is replacing Aurecon Group due to a conflict of interest with Aurecon having been appointed as an Engineering Consultant for NamPower's recent planned 300 MW Coal Power Plant in Erongo Region, Namibia.

For over 15 years, NamPower, the national electric utility of Namibia, has been planning to develop and build a Combined Cycle Gas Turbine (CCGT) Kudu Power Station (KPS) in south-west Namibia, and for that NamPower has a sole mandate of the Namibian government to the Kudu Gas field which structurally stifles away any IPP to develop an alternative gas power plant in the area.

In around 2016, Namibia will face a severe shortage of electricity, and to help fast-track the development in making the planned Groot Power Plant ready for commercial operation by the end of 2014, Groot Property Group has proposed to merge the development of its Groot Power Plant with that of NamPower CCGT Kudu Power Station on a 40/40 basis partnership. The proposed partnership offers NamPower 40% stake in the planned Groot Power Plant, and likewise, Groot Property Group will hold an equal stake of 40% in the Groot Power Plant, and the other 20% will be reserved for future strategic partners.

Groot Property Group does not expect NamPower to finance any part of the construction costs of the said power plant, in fact Groot Property Group has offered to compensate NamPower for the cost that NamPower has incurred during the development phase of its CCGT power station over the past 15 years.

"Since January 2010, we've been talking to NamPower regarding the development of Groot Power Plant but have been getting a slow response. But this time, I just hope that NamPower will agree to our proposed partnership in order to answer President Pohamba's call in this week's New Era Newspaper, which urged Honorable Minister Isack Katali to speed up the development of the gas power plant using the natural gas from the Kudu Gas field. We have the engineers and funding in place and we are ready to make this gas power plant work for Namibia by the end of 2014". States Simon Kapenda, VP Development Operations of Groot Property Group.

Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem hub "Groot" in Namibia with more than 60 different projects which includes Groot Town Center, Steel Mill Plant, Wire and Cable Plant, Engineering College, Medical Center, International Airport, Cement Plant, Food Processing Plant, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 Power Plant at http://www.grootgroup.com/gpp.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Executives will separately meet with the Company Executives, Otavi Town Council Management Committee and the Officials from Namibia Ministry of Trade and Industry in Otavi to tour the Otavi area and make special presentations to the Company Executives, Otavi Town Council, and the Ministry of Trade and Industry for their unique technologies and processes in helping and realization for the development of the planned Otavi Steel Mill Plant, which is budgeted at US$3 billion (N$24.6 billion) and is expected to employ more than 15,000 construction and manufacturing employees in Otavi.

Windhoek, Khomas -- (SBWIRE) -- 11/05/2011 -- This month, November 2011, Groot Property Group (Pty) Ltd is excited to welcome engineers and potential developing partners for its planned 10 Million Metric Tons of Output Capacity Steel Mill Plant in Otavi, Namibia.

Executives arriving in Otavi, Namibia on November 22, 2011 are from South Africa-based SMS Siemag South Africa (Pty) Ltd, a wholly-owned subsidiary of SMS Siemag AG, who in turn belongs to SMS Holding GmbH, which in 2010 had an order intake order of more than 2.9 billion Euros in plant construction and mechanical engineering relating to the processing of steel, ferro-alloy, and non-ferrous metals.

Other Executives arriving in Otavi, Namibia in November are from Italian-based Danieli, the world's third largest supplier of equipment and plants to the metal industry.

Both Executives will separately meet with the Company Executives, Otavi Town Council Management Committee and the Officials from Namibia Ministry of Trade and Industry in Otavi to tour the Otavi area and make special presentations to the Company Executives, Otavi Town Council, and the Ministry of Trade and Industry for their unique technologies and processes in helping and realization for the development of the planned Otavi Steel Mill Plant, which is budgeted at US$3 billion (N$24.6 billion) and is expected to employ more than 15,000 construction and manufacturing employees in Otavi.

The Company has selected South Africa-based Scorpion Mineral Processing (Pty) Ltd as an Engineering Consultant for the Front-end Planning, Feasibility Study and the Environmental Impact Assessment Study for the development of the planned Otavi Steel Mill Plant.

"I'm just ecstatic and feel honored to welcome these great Executives from these cool companies in Namibia and looking forward to possibly working with them in order to help fast develop this awesome steel plant project that is poised to create awesome jobs for thousands of the Namibian people." Says Simon Kapenda, VP Development Operations of Groot Property Group (Pty) Ltd. "I'm humbled. It's a dream come true". Added Simon.

Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Wire and Cable Plant, Engineering College, Medical Center, International Airport, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 Property Group (Pty) Ltd at http://www.grootgroup.com.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Groot Group seeks to develop and build Groot International Airport as one of Africa’s largest and best passenger terminal buildings to serve direct flights from the US via Senegal, Europe and Asia.

Windhoek, Khomas -- (SBWIRE) -- 10/26/2011 -- Groot Property Group (Pty) Ltd is developing Groot, an industrial hub in Namibia, with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Steel Mill Plant, Medical Center, Wire and Cable Plant, Engineering College, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

To make Groot the central hub for most of the travelers to and in Southern Africa, Groot Group seeks to develop and build Groot International Airport as one of Africa's largest and best passenger terminal buildings. To achieve this, the Company plans to retain the services of Foster and Partners, a London-based architect firm which has designed Hong Kong International Airport and other key-signature world-class buildings.

The development of Groot in Namibia is poised to make Namibia as the place of all things fun, good life, finest shopping, and adventurous. With Etosha National Park, which is Africa's 3rd largest, and the Namib Desert with some of the world's highest sand dunes good for sand-boarding and more, these have made Namibia as a must-be destination for those who love to explore, discover, have fun, and splurge.

According to Namibia Tourism Board, the Namibia tourism industry is growing at an average rate of 13% annually. In 2008, more than 980,000 tourists visited Namibia, with 73% of them coming from Africa. German tourists also ranked high in number. While Angolan tourists alone have spent an average of US$417 million (N$3 billion) in retail outlets in Namibia in 2009.

Furthermore, zooming in the 10-year plan for the Walvis Bay Corridor Group, a consortium of major Namibia's transportation companies and Namibia Ministry Agencies, the plan is to develop multi-trans highways in Namibia such as the Trans-Caprivi Highway, Trans-Kunene Highway, Trans-Kalahari Highway, and other similar highways in Namibia, to interconnect in the Tsumeb and Grootfontein area.

Since Groot will be composed of commercial outlets and residential living and facilities that offer superior quality and luxurious products and services, its targeted customers are expected to come from the SADC region, whose combined population is 257.7 million with more than US$471.1 billion (N$5.38 trillion) (2010) of aggregate GDP. About 15% or 21.3 million of them earn annual salaries of more than US$100,000 (N$730,000) with an annual gross buying power of about US$2.1 trillion (N$15.5 trillion).

By developing the Groot International Airport, the Company expects to attract more travelers to Namibia. "By 2016, China will become the world's largest economy, surpassing the US, and after China, the continent of Africa will be next. And Groot International Airport, we hope that in the long-run, it will help capture and attract more travelers to Namibia, who will travel to Africa for business and adventure, and this will further exponentially boost Namibia's economic growth." Says Simon Kapenda, Chief Economist and VP Development Operations of Groot Property group (Pty) Ltd.

Groot International Airport expects to serve direct flights from the US via Senegal, Europe and Asia. "My hope is that Air Namibia also makes Groot International Airport as it's hub, and that it will eventually focus to serve only the African market and become the regional preferred airline instead of serving the non-profitable international market." Added Simon Kapenda.

The feasibility study is under way for Groot International Airport. Its construction budget is expected to cost about US$20 billion and will take up to 6 years to complete. The financing structure for the development and construction of Groot International Airport is based on equity and debt financing, which is expected to be provided by the Company's financing partners.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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. About Groot Property Group (Pty) Ltd at http://www.grootgroup.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

A group of about 25 people from an informal township of Hakahana have formed Hakahana Industries (Pty) Ltd to partner with Groot Group to manufacture bricks, pavers, retaining walls, building materials, facade systems and stones for Groot Town Center.

Windhoek, Khomas -- (SBWIRE) -- 10/17/2011 -- Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Steel Mill Plant, Wire and Cable Plant, Engineering College, Medical Center, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

A group of about 25 people from an informal township of Hakahana in Windhoek have gotten together and formed Hakahana Industries (Pty) Ltd to partner with Groot Property Group (Pty) Ltd for the setting up of Hakahana Bricks, a manufacturer of bricks, pavers, retaining walls, building materials, facade systems and stones for landscaping.

The partnership composition is for Groot Property Group (Pty) Ltd to provide the needed resources including the land and equipment for the brick making at approximately US$15 million (N$120 million) value of input resources, while Hakahana Industries (Pty) Ltd to provide the labor as needed for making the bricks. All the bricks and materials made from this factory will give Groot Property Group (Pty) Ltd the first priority to buy them at a minimal price for the use of its construction activities, and the surplus bricks and materials would be made available to Groot Property Group's anchor partners at the market prevailing price.

"This is actually a good arrangement. Groot Property Group is working with us, mentoring us, guiding us and providing us with their professionalism in business planning and development, management and corporate control. In addition, Hakahana Bricks will provide us with much needed job opportunities for us to earn income to support our families and our community. We are more than excited for this opportunity". Says Hendrina Mumbela, Director of Hakahana Industries (Pty) Ltd.

Hakahana Industries (Pty) Ltd is also looking to work with The Development Bank of Namibia and Namibia's Ministry of Trade and Industry for additional funds to help finance the start-up expenses and operations of the company. Hakahana Industries (Pty) Ltd also seeks to work with Ohorongo Cement for the supply of the cement and related materials for the making of bricks. Hakahana Bricks expects to employ more than 2,500 people as brick-makers, truck drivers and heavy machine operators for the manufacturing of bricks, marble stones, and other construction materials.

"I've been working with the Hakahana community through the Hakahana Christian Ministries since around April this year. I've been providing them with free workshops and seminars focusing on entrepreneurship, innovation, product development, and leadership, and this community took it up themselves and decided that they wanted to do something for themselves, and that's what they are doing. I'm excited to have them. They are an awesome group of people and I look forward to working with them. I hope more and more communities in Namibia join to work with us as the people of Hakahana have done". Says Simon Kapenda, VP Development Operations of Groot Property Group (Pty) Ltd.

The group has elected 5 members of their group to serve as the Directors of their company, while the rest will simply remain as shareholding employees. Hakahana Industries (Pty) Ltd is also looking to recruit and enlist the help of experienced management for the continued operation of the Company.

The development of the Groot ecosystem in Namibia is a win-win situation for the local Namibians, the Namibian government, and the foreign partners and investors. Local Namibians gain from the knowledge and technology transfer as well as a massive pool of sustainable good paying job opportunities. While foreign investors in Namibia have access to plenty of raw materials, high productive human capital, peaceful working environment, stable government with institutions conducive to good business. Yes, Namibia, a country of plenty is open for business!

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 Property Group (Pty) Ltd at http://www.grootgroup.com.

About Hakahana Industries (Pty) Ltd
Hakahana Industries (Pty) Ltd is poised to develop and operate Hakahana Bricks as a premier manufacturer of bricks, pavers, retaining walls, building materials, facade systems and stones for landscaping. Learn more about Hakahana Industries (Pty) Ltd at http://www.hakahana.com.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

Hendrina Mumbela, Director
Hakahana Industries (Pty) Ltd
Email: hmumbela@yahoo.com
Web site: http://www.hakahana.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The Company seeks to develop Groot Medical Center in partnership with the world’s best medical centers such as Cleveland Clinic in Cleveland, Ohio USA and The Ohio State University Medical Center in Columbus, Ohio USA.

Windhoek, Khomas -- (SBWIRE) -- 10/14/2011 -- Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Steel Mill Plant, Wire and Cable Plant, Engineering College, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

One of these projects is Groot Medical Center, which is being planned for development at Groot Town Center near Etosha National Park in Namibia. With a construction budget of US$2 billion (N$16 billion) to be provided by our financing partners, Groot Medical Center is expected to provide full-service hospital in primary and sub specialty medical care, equipped with the world's best technology, imaging, and medical equipment for the full treatment of all kind of chronicle diseases and medical surgeries ranging from heart transplant, cancer treatment, cardiac, angiotensin II, serotonin, colorectal, and more using the world's best trained professionals and robotic surgery.

The Company seeks to develop Groot Medical Center in partnership with the world's best medical centers such as Cleveland Clinic in Cleveland, Ohio USA and The Ohio State University Medical Center in Columbus, Ohio USA, as well as recruiting the world's best medical doctors and professionals to friendly cater to the high rate of patients in Southern Africa and Africa at large.

"We are developing Groot Medical Center to become Africa's leader in medical care by installing and using the world's most powerful magnetic resonance imaging scanners and provide patients with the best medical treatment, so that no one in Southern Africa has to die anymore due to lack of proper medical care." Says Simon Kapenda, VP Development Operations of Groot Property Group (Pty) Ltd.

Groot Medical Center is expected to serve not only Namibia with a limited population, but the entire Southern Africa, whose population is more than 270 million. "Basically, Groot Medical Center will become the center of everything 'better wellness'. And we expect patients seeking proper medical care to come from as far as Angola, Zambia, Zimbabwe, Botswana, DRC and more." Added Simon Kapenda

With expected construction employees to be about 3,000, the construction of Groot Medical Center is expected to begin in mid 2012 and be completed by the end of 2014, with more than 25,000 permanent professional staff expected to provide quality and good health care at Groot Medical Center.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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. About Groot Property Group (Pty) Ltd at http://www.grootgroup.com.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The total budget for the planning, development, engineering and construction of Groot Town Center is US$800 million (N$5.8 billion), which is a combination of 20% of debt and 80% equity financing to come from various lending and institutional investors in the US, Europe, Africa, and Asia.

Windhoek, Khomas -- (SBWIRE) -- 10/13/2011 -- Groot Property Group (Pty) Ltd (GPG) is a Namibia-based premier rapid industrial development and foreign direct investment management company which focuses on implementing applied neuroeconomics and systems dynamic to completely explore, develop, and manage self-sustained ecosystems for the slow-developing and stagnant economies in selected developing countries.

The Company's prime focus is to explore, develop, and manage upscale multifarious rapid industrial ecosystems specifically designed to help improve and fast-track the reduction of poverty and unemployment, address income inequalities, increase economic outputs, improve the quality of life, and strengthen the performance, growth and development of national economies.

"This paradigm is poised to help improve the well-being of people while generating values for our shareholders and partners, increasing profitability, and promoting rapid growth and development," said company Co-Founder, Chief Economist and VP, Development Operations Simon Kapenda. "Added to this is a more fundamental socio-economic impulse which will bring about the spread of integrated and balanced development across geographical spaces. This will be demonstrably expressed in the linkages of urban and rural economies with mutuality of benefits to be derived from equitable growth and development."

GPG's initial multifarious development is Groot Town Center (GTC), an upscale community to be anchored by diverse industries to create a powerful, perpetual self-sustained economic ecosystem near Etosha National Park, Namibia.

GTC will occupy more than 2.2 million square feet (185,800 square meters) of exceptional interior shopping mall and entertainment space, an upper-class town center featuring high with pedestrian-friendly streetscapes, open-air gathering spaces, fountains, children's parks, theme parks, and more than 2,100 best-in-class retails, entertainment, medical facilities, educational institutions, luxury hotels, fine dining restaurants, and office spaces and residential properties.

About 45% of the GTC retail tenants will come from the US, which may include retail finest powerhouses such as: AMC (movie theaters), Game Works, Victoria's Secret, Macy's, Top Tier, Gap, Limited Brands, Foot Locker, Abercrombie & Fitch, Express Luxottica Group S.P.A, Genesco, Zales, Anna Taylor, bebe, Chico's, Christopher and Banks, Lane Bryant, Lucy, New York & Co, Talbots, Aeropostale, Hollister & Co, Hot Topic, Limited Too, Pac Sun, Aldo, Champ's, Easy Spirit, Finish Line, Journeys, Nine West, Payless Shoesource, Hall Mark, Papyrus, Specer Gifts, Wendy's, Panera Bread, Burger King, McDonald's, and many more.

The total budget for the planning, development, engineering and construction of Groot Town Center is US$800 million (N$5.8 billion), which is a combination of 20% of debt and 80% equity financing to come from various lending and institutional investors in the US, Europe, Africa, and Asia.

The Company was founded by a group of distributed team based in the US, Japan, South Africa and Namibia. "Several of our team members have done large scale development work in the past with multinationals and therefore have well-placed contacts with other Multinationals (Global 100), Foreign Government Agencies and Educational Institutions such as the Ohio State University (USA), Carnegie-Melon (USA), Texas A&M (USA), MIT (USA), National Institute of Technology (India), etc. which are waiting for our business structure, co-ordinated plan and government support to be completed," said Co-Founder, VP, Chief Strategist Robbie Jena, an American engineer and Former NASA space rocket scientist whose past experience has been in providing mentoring and strategy services to the Peoples Republic of China in mid 1980's, through China Council for the Promotion of International Trade (CCPIT) and ABB, for double digit economic growth that the Chinese have been successfully using till today to become the world's second largest economy and is now the Architect of the Namibia Master Plan's Ecosystem.

The GTC Ecosystem is comprised of more than 60 different interlocking industrial projects ranging from Transportation Infrastructure, 900 MWe Gas-fired Power Plant, Housing Development, Water and Waste Water Facility, Mini-Steel Plant, Copper Wire and Cable Factory, Oil Tank Farms and Refinery Plant, Small Engine Manufacturing, Food Processing Facility, Organic Chemical Manufacturing, Inorganic Chemical Manufacturing, Glass Manufacturing, Cement Manufacturing, Research Institute, Engineering College, R&Ds, Incubation Center to develop and mentor aspiring entrepreneurs, Medical Health Center, and Pharmaceutical Manufacturing. All projects are planned to be developed in different parts of Namibia within the next 3 to 7 years based on each Namibia's regional comparative advantage.

The use of electricity is directly proportional to the wealth creation of any nation, and Namibia consumes only 3.2 TWh/yr, similar average population size-based countries such as Slovenia and Kuwait consume 13 TWh/yr and 46 TWh/yr respectively. "Just as an Ecosystem in nature will die without Sunlight, similarly, no economic activities will survive without adequate Electrical Power," said Robbie Jena. If approved, by working with the Office of the President, NamPower, Electricity Control Board, and the Ministry of Mines and Energy, we can develop a 900 MWe Gas-Fired Power Plant at the cost of US$1.2 billion which will be financed, designed and built by our partners and a 6000 MWe using cost-efficient and advanced energy technology at the cost of US$1.5 billion (N$11.0 billion), which will be ready for operations within 31 months and 5 years, respectively. This will enable Namibia to export electricity surplus to its neighboring countries at the cost less than their electricity production costs.

A center-piece in the establishment of GTC will be its innate character to be a center of attraction for the concentration of a multitude of essential socio-economic activities with supportive and complementary relationships. "A corollary of this will be applied necessity to mobilize a diversity of professional inputs in areas of engineering, socio-economic research, entrepreneurial development, social services and others," said company Co-Founder and CEO Peter B. Gwarada.

GPG will develop, manage and coordinate powerful economic ecosystems designed to empower and boost economic outputs. "Fundamental in the said economic ecosystem is its capacity to bring about the spatial spread of development across the nation state. This implies economic linkages between the urban and the rural parts," said Prof. Ayele Tirfie, Dr. Ing., an Economist and a leading expert on Economic Regional Development and Consultant with the Ministry of Trade and Industry.

A region is a geographical/physical space in which urban and rural economic activities prevail. The most significant requirement of a partially integrated and balanced transformation of a region or a nation is that diverse components of a spatial system ought to be functionally aligned with one another. More concretely the following must feature high:

- Urban centers of various levels in urban hierarchy must be linked in economic and service functions.
For urban centers to induce development impulses into regions, they themselves need to be interwoven with transport and communication infrastructure both vertically and horizontally between them. This facilitates the mobility of goods, services and workforce between them.

- Functional linkages between the urban and rural parts of a region or a country are fundamental for a balanced development of the region or the country.

- Organizational and institutional provisions are instruments for the integration of the activities of communities and for balanced standard of living in all parts.

- The advantages of agglomeration economies accruing from the concentration of economic and service activities in specific locations like urban centers and deglomeration economies (emanating from the spread of the same activities across space to trigger wide-spread development) must be guided with balance. If not, the alternative would be a costly over over-growth of an urban center and depression and poverty in the hinterlands of the urban center.

It is in the light of the preceding fundamentals that the development drive of GTC ought to be viewed. "The relationship of Namibia's spatial units (urban and rural) is an exemplary case of skewed development landscape in which the urban centers at all levels of the urban hierarchy exist as enclaves with a near-absent links of economic functions to the wider rural space of the nation," added Prof. Tirfie.

GTC intends on changing this retarding reality to a spatially integrated and balanced development dynamics. The following are the steps in the process:

- Creating "localization economy" in which related economic and service entities, with complementary and supportive relationships, will cluster together at common geographical locations (urban centers, villages, and community centers) in order to share common benefits-cum-costs, take advantage of proximity for contact and experiential/commodity exchanges and facilitating overall increases of economic outputs at minimized costs.

- Re-orienting the urban economic and service activities towards the needs of the rural economies both for consumption and for further production.

- Helping promote the rural economic functions (especially agriculture) to competently respond to the urban economic/commodity needs for consumption and for industrial inputs.

- Promoting the production capacity of both spatial units with relevance to each other's needs and creating the functional base for the flow of income in both directions. Each becomes the supplier to and consumer of the other's economic goods and services.

- Avoiding pseudo-urbanization which gives rise to the outflow of potent labor force from the rural part thereby retarding its production capacity, and inflow of rural migrants to the urban center which it cannot absorb with a resultant creation of slums. The likes of this are the squalors in the cities of Nairobi and Lagos. The "push effect" of the rural areas and the "pull effect" of the urban centers create deprivation in the former and increase in poverty in the latter.

- Creating backward and forward linkages in which the existence of an economic or business entity becomes a cause for the creation of others behind it as suppliers of inputs and the establishment of still others as receivers of its outputs for further economic production with added values.

These and other allied development activities not identified here constitute the prime roles of Groot Town Center.

"The ultimate outcome of all will be the spread of integrated and balanced development across the nation state, a revitalized exchange of goods and services within it, and a contribution, in a significant way, to the export capacity of Namibia," said company Co-Founder; VP, Technical Management and Business Development Robert Grier, an American entrepreneur.

The market scope for GTC and all of business-cum-industrial entities it will create will inevitably be not just Namibia with its limited population size but also the various Southern African Development Community (SADC) member countries bordering on Namibia. According to SADC, the 15-member SADC countries have a combined population of over 257 million and an aggregate GDP of US$471 billion (N$5.38 trillion). Added to this will be an inflow of tourists estimated to be about 55,000 per day.

Namibia's tourist industry is growing at an average rate of 13% annually. According to Namibia Tourism Board, in 2008, 981,111 tourists visited Namibia, while in 2009, the number decreased to 980,173, with 73% of them coming from Africa, namely from Angola, South Africa, Zimbabwe and Zambia. German tourists also ranked high in number. Angolan tourists alone spent an average of US$417 million (N$3 billion) in retail outlets in Namibia.

"While we estimate to have a great number of overseas tourists as the prospective patrons for GTC, the majority of GTC customers are expected to come from the SADC region, whose combined population is 257.7 million with more than US$471.1 billion (N$5.38 trillion) (2010) of aggregate GDP and a potential wealth value of more than US$65 trillion (N$474.5 trillion). However still 45% or 116.0 million of the SADC population lives on less than US$2.00 (N$14.60) a day, and only 15% or 21.3 million of them earns annual salaries of more than US$100,000 (N$730,000) with a gross buying power of about US$2.1 trillion (N$15.5 trillion)," said Chief Economist Simon Kapenda.

The development of Groot Town Center ecosystem near Etosha is poised to effect a powerful economic ripple effect to spread throughout Namibia (and eventually to neighboring countries) to create more than 50,000 direct good paying jobs and more than 500,000 indirect ones in Namibia alone within 3 years.

It is also expected to generate an annual cash transaction value of more than US$10 billion (N$75 billion) in Namibia within 3 years (as evidenced in other similar markets), fast track the realization of Vision 2030 within 5 years instead of 20 years, and help reduce the current unemployment rate of about 54% to about 4% within 3 years.

As a result, it will help increase Namibia's GDP (PPP) Per Capita from the current US$4,336 (N$32,520) to over US$24,145 (N$176,259) within 5 years, while boosting Namibia's GDP (real) from the current $9 billion (N$68 billion) (2009) to more than US$54 billion (N$397 billion) during the same years. This is without including the oil tank farm and refinery project to be developed in Walvis Bay for which investment value is more than US$400 billion (N$2.9 trillion).

Since GPG announced its plan to develop Groot Town Center in Grootfontein in January 2010, more than US$9.2 million (N$67 million) has been invested in Grootfontein. US$6.2 million (N$45 million) of that is for Otjivanda Mall by a Namibian developer, US$2.2 million (N$16 million) is a development investment by a South African developer, and in mid November 2010, Woermann Brock opened its US$0.8 million (N$6 million) superstore in Grootfontein.

The GTC ecosystem is a powerful platform which is poised to effect a creation of a powerful economic boost in Namibia. "We expect more and more developers and entrepreneurs, including those who would go and set up fuel stations, barbershops, hair salons, medical clinics, law offices, office spaces, housing and apartment communities and more, to surge in Tsumeb, Grootfontein, and Otavi as a result of developing Groot Town Center in Tsumeb," said Simon Kapenda.

"Also, because of the competitive market, we expect that, whatever we do in Tsumeb, other developers in other parts of Namibia such as those in Windhoek, the developers of Maerua Mall and Wernhill Park (Windhoek's premier shopping malls), will continue to upgrade their services in order to attract and retain customers. Other developers would also copy to develop and maintain almost similar standards in other parts of Namibia and that would help further develop Namibia to realize our goals," added CEO Peter Gwarada.

Going from the premise of the preceding market size and potential, the Company's projected sales values range between US$190 million (N$1.4 billion) and US$1.5 billion (N$11 billion) for the period 2012 to 2015. The net profits during the same period to be derived from the sales values are expected to fall between US$120 million (N$876 million) and US$1.2 billion (N$8.8 billion). Finally, the projected cash flow statement for the period shows net balances between US$12 million (N$87.6 million) and US$1.8 billion (N$13.1 billion).

For the years 2011 and 2012, the Company will focus on the construction of GTC Phase One, which is expected to be completed and opened for the general public in December 2012. It is anticipated that about US$22.2 million (N$162.1 million) will be spent each month in construction of GTC Phase One, starting July 2011 until December 2012.

After Phase One opens, construction of Phase Two will follow with the same monthly budget until it opens in December 2013. Finally, Phase Three will start in the wake of Phase Two and open in December 2014.

"We are certain that based on the Namibia Foreign Investment Act, Namibia has the necessary safe guard to protect foreign investment and hence the interest of our investors," said CEO Peter Gwarada.

We have met with several Ministries and Government Agency officials including the Ministry of Labor and Social Services, NamPower, Ministry of Mines and Energy, Ministry of Trade and Industry, Namibia Investment Centre of the Ministry of Trade and Industry, National Planning Commission, and the United Nations Center for Regional Development (UNCRD) Africa office. All have shown great interest and are in full support of our ecosystem development.

"Ask not what your country can do for you but what you can do for your country," Joseph Auala, company Co-Founder and Chairman of the Board exclaimed the words of the Former US President John F. Kennedy. "As citizens at large, working with our Local, Regional and Central Government and the Namibian people, we want to help accelerate a sustainable economic development of our beautiful country Namibia," added Mr. Auala.

We have an opportunity to develop and implement our rapid industrial development ecosystem which will address most of the current socio-economic issues within 3 years. "This opportunity is consistent with the goals of the Namibian Government, as expressed in Namibia's Vision 2030 and the various National Development Plans by the National Planning Commission of Namibia," said Helvi Petrus, an Economist with the Ministry of Trade and Industry.

"The Government of Namibia, through the Ministry of Industry and Trade's Investment Center, has an Investment Act, which by itself serves as an official instrument that oversees and regulates Foreign Direct Investment (FDI)," said Niel Lakay, Esq., company Co-Founder and VP, Corporate Legal Affairs.

Initially, GTC was planned to be developed in Grootfontein, Namibia and the Grootfontein Town Council had voted to allocate 2000 acres (800+ hectares) of land, however, due to excessive delays in signing the Memorandum of Understanding Agreement (MoU), the Company moved the location to Tsumeb. The Tsumeb Town Council is currently busy identifying the land to allocate it for the development of GTC.

Strategically, GPG has signed different partnership and consulting agreements with some of the world's largest companies based in Namibia, Asia, Europe, South Africa, and the USA.

The Company has contracted Aurecon Group Namibia (Pty) Ltd, part of Aurecon Group Ltd., one of the world's largest engineering firms, which operates mostly in Asia, Namibia, South Africa and the Middle East. Aurecon Group will serve as the Project Management and Engineering firm for the civil, mechanical engineering and construction work of GTC.

DHK (Pty) Ltd, an architectural firm based in Cape Town has been contracted by GPG to handle the urban planning and architectural designing of GTC. GPG has signed an agreement with KMCI LLC based in Louisiana/USA to provide and handle Information Computing and Technology (ICT) services, and is the system designer for GTC.

Leticia Industries Ltd based in West Hollywood, California/USA will handle the development operations of Groot Town Center, while Strydom & Associates (Pty) Ltd, a Windhoek-based land surveying firm, has been contracted to provide land surveying services for the development of Groot Town Center.

What is evident from these and from many of the other analytical contents herein is that the GTC ecosystem will be an impacting socio-economic venture with immense multiplier effects not only for Namibia but also for those further afield within Africa. "The GTC Center itself will be a focal point for agglomeration and localization economies with a potential to create other centers for the selfsame," said Sakeus Kapenda, an Economist specialized in Regional Economic Development with the Ministry of Trade and Industry.

"The development of the GTC ecosystem is designed to be a Public Private Partnership, and we want to work with the people of Namibia, nonprofit organizations, businesses of all sizes, all the Local, Regional and Central Government Agencies to work with us and support the development of this project as it is designed to create good paying and sustained employment opportunities for the Namibian people and boost the Namibian economy," added Robbie Jena.

"We're just little bit more than 2 million Namibians, the city of Harare alone has more than 2 million people. We're a manageable population where every Namibian can realize his full potential. Our country has plenty of land and materials for building, abundant mineral resources to meet any demand for energy consumption, adequate land space to meet consumption demand in Agricultural produce, thus the development of GTC will aid the demand for local agricultural produce to increase exponentially, further boosting economic activities in rural area and beyond," said Olivia Shuuluka, an Economist with the Ministry of Fisheries and Marine Resources.

"Namibians are hard working people by nature, but the country has a comparative disadvantage when coming to high skilled labor. A development such as GTC will require the Namibian Government to invest more and allocate adequate world-class educational institutions to train and produce the next generation of quality labor force in order to meet the demand for a sustained employment," states Lydia Aipinge (Ph.D Candidate), an Educator with the Ministry of Education and is a Company's Advisory Member.

"If we put more emphasis in making sure that every child in Namibia has access to a good education by fully equipping our classrooms, then our children will eventually be able to compete with those in developed countries. We are blessed to live in Namibia, one of the most politically stable countries in Africa, where since independence in March 1990, children have grown up without hearing a gun shot resulting from civil disorder. It is a country with a strong democratic Government with a free market enterprise system where anyone can work hard to achieve his dream and live a life one chooses," said Martha Haufiku, a Primary School Teacher of 34 years at Namutoni Primary School in Windhoek.

"The impact that Groot Town Center will have on local businesses, will be a great improvement in productivity, performance, efficiency, and especially in customer service where each business will compete to be the best and meet the demand for a friendly customer services environment. And as they say, the customer is always right," said Brian Patoko, VP, Chief Marketing and Leasing Officer of Groot Property Group.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd is a rapid industrial development and foreign direct investment management startup company which was incorporated and registered under the laws of the Republic of Namibia Companies Act, 1973 (Act 61 of 1973) on October 29, 2010, registration number 2010/0669. At present, its majority shareholders are its founders, partners, and executive option-holders with 50% of the founding shareholders Namibians, 30% Americans, and the rest from other countries. Learn more about Groot Property Group at http://www.grootgroup.com.

Source: Groot Property Group (Pty) Ltd.

Contact:
Simon Kapenda, VP Development Operations and Chief Economist
Groot Property Group (Pty) Ltd.
Email: simon@grootgroup.com.
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The Companies are building the world's largest clean, safe, and environmental-friendly Gas-fired Power Plant to sufficiently power up to 5 million homes in Nigeria.

Lagos, Nigeria -- (SBWIRE) -- 10/12/2011 -- Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Wire and Cable Plant, Steel Plant, Engineering College, Medical Center, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

In Nigeria, Groot Property Group (Pty) Ltd has teamed up with some of Nigeria's prominent entrepreneurs and scholars based in the U.S. and Nigeria (consortium) to form Sparkle Energy Ltd, a company behind the development of a 4000 Gas-fired Power Plant ("Sparkle Power Plant"), which is to become the world's largest gas-fired power plant with a construction budget of US$10 billion designed to sufficiently power up to 5 million homes in Nigeria.

Nigeria has a population of about 155 million; it produces more than 22 billion of KWh and consumes more than 20 billion KWh, with a surplus of about 2 billion KWh of electricity. The Country doesn't export nor import electricity, hence it should have no urgent need of stable and reliable electricity supply. However, electricity in Nigeria is at most critical phase; especially in rural areas.

Regardless of the electricity surplus, Nigeria is consumed by frequent black-outs. Hence it has the world's largest market for individual electricity generators; more and more people own personal electricity generators to power their homes and businesses, especially in rural areas. And on top of that, they need diesel to fuel-power their generators, which subjects them to loud and disturbing noise generated by the personal electric generators, simply because the national electricity distribution is currently not reliable to sufficiently provide stable electricity for the country without annoying blackouts.

"Every well meaning Nigerian understands the importance of clean, safe and constant power supply. This is the core of the development of our Nation's economy because it addresses the question of industrialization and the current high rate of unemployment. And we are glad that under this oriented Groot Property Group's technical mentorship and planning management, this power project is going to help rid Nigeria this illness. This is a new dawn for Nigeria." Exclaims Julius T. Gbayange, CEO of Sparkle Energy Ltd.

The Consortium seeks to form a partnership with the Central Government of Nigeria for the development and realization of Sparkle Power Plant. "Obviously, Groot Property Group (Pty) Ltd will only hold 15% stake in Sparkle Energy Ltd, while the Nigerian consortium will hold 37% and 25% stake is reserved for the Nigerian Central Government, while the difference of 23% will be reserved for our future investors and partners. So, this is a development project by the Nigerians for the Nigerians and for the Government of Nigeria." Says Simon Kapenda PhD (Candidate), Chief Economist and VP Development Operations of Groot Property Group (Pty) Ltd.

Sparkle Energy Ltd also seeks to help repair and fix the current electricity infrastructure in Nigeria. The preliminary research finds that in Nigeria, there might be certain people who constantly sabotage purposely the country's electricity power lines in order to help increase the sale of personal electricity generators in the country. "There are currently laws in place against the sabotaging of power lines by anyone but these laws have little or are not entirely enforced. What we hope to do is to ask the Central Government to look into this senseless act of vandalism which is only pushing down the vast development of our country's economy." Adds Julius T. Gbayange.

"By 2016, Nigeria will become Africa's largest economy surpassing South Africa. However, Nigeria's industrial development lags far behind of South Africa, due to the country's infrastructure maintenance and management. And until Nigeria fixes some of these issues, South Africa will always be the leading and powerful economy in Africa due to its massive industrialization and well-maintained infrastructure." Adds Simon Kapenda.

The Central Government of Nigeria is expected to finance the start-up costs for the predevelopment of Sparkle Power Plant which is US$50 million. Then, with the guarantee of the Central Government of Nigeria and Offtake Agreements in place, the Company expects to raise the needed US$10 billion to fund the project through a combination of debt and equity through a network of Development Finance Institutions (DFI) with a mandate to fund projects in developing countries (examples of DFIs include Industrial Development Corporation of South Africa Limited, Development Bank of Southern Africa Limited, IFC and African Development Bank, as well as certain export credit agencies like the Export Credit Insurance Corporation of South Africa (Pty) Ltd (ECIC) and export facilitation banks like the Export-Import Bank of China and other commercial banks.

The preliminary development for Sparkle Power Plant is expected to be completed by mid-December 2011. Thereafter, the Company expects to select the EPCM Contractor for the engineering, procurement and construction Management of Sparkle Power Plant. The technical, engineering and construction is expected to start in mid 2012 and to make Sparkle Power Plant ready for commercial operation by the end of 2016.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 Property Group (Pty) Ltd at http://www.grootgroup.com.

About Sparkle Energy Ltd
Sparkle Energy Ltd is a Nigeria-based company, which was solely established to be responsible for the planning and development of the Sparkle Power Plant, a 4000 MW Gas-fired Power Plant, budgeted at US$10 billion, poised to be the largest natural gas power plant in Africa to provide a cleaner, safer, reliable and more cost-effective electricity supply to nearly 5 million homes in Nigeria. Follow us Facebook at http://www.facebook.com/pages/Nigeria-Power-Plant/216712905049768 with live updates.

Contact
Julius T. Gbayange, CEO
Sparkle Energy Ltd
Lagos, Nigeria
Email: terwaseyy@aol.com
Phone: +234-803-361-2223

Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Windhoek, Namibia
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Groot is poised to become one of the fastest growing and largest towns in Namibia, an innate character, a center of attraction for the concentration of a multitude of essential socio-economic activities with supportive and complementary relationships.

Windhoek, Khomas -- (SBWIRE) -- 10/12/2011 -- Groot Property Group (Pty) Ltd is developing a new township namely, Groot, an upscale multifarious community to be comprised of more than 2,100 commercial retails with light and heavy industrial parks and more than 160,000 residential housing units on a private land near Etosha National Park in Namibia.

In an effort to help finance its initial green scheme projects for the development of Groot, the Company has authorize to issue 10 million shares, which is comprised of 5 million shares of ordinary (common) stock and 2 million shares of preferred stock, of which 80,000 shares of ordinary stock have been issued.

The Company hopes to raise more than US$9 million (N$65 million) from the sale of the issued stocks, for which is by invitation only. The capital from the sale of the issued shares will finance the needed preliminary technical work for the green scheme projects as required for the successful development of Groot.

The total budget for the complete planning, development, engineering and construction of Groot is about N$6 billion. The Company plans to raise the total budget through a combination of debt and equity financing through a network of connected financial institutions in the US and Europe, while Standard Bank will finance 50% of the total budget for the development of Groot.

"The market scope for Groot and all of business-cum-industrial entities it will create will inevitably be not just Namibia with its limited population size but also the various Southern African Development Community (SADC) member countries bordering on Namibia." Says Simon Kapenda, Chief Economist of Groot Property Group.

Groot is poised to become one of the fastest growing and largest towns in Namibia, an innate character, a center of attraction for the concentration of a multitude of essential socio-economic activities with supportive and complementary relationships. A corollary of this will be applied necessity to mobilize a diversity of professional inputs in areas of engineering, socio-economic research, entrepreneurial development, social services and others for the greater good of Namibia.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd is a 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 Property Group at http://www.grootgroup.com/investor. Also, feel free to download a copy of our Executive Summary with detailed information about the Company.

Source: Groot Property Group (Pty) Ltd.

Investor Relations
Groot Property Group (Pty) Ltd.
Email: investor@grootgroup.com.
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

For the first time in the history of Namibia, the country will no longer be a net importer of electricity, but a producer and exporter of a cost effective, cleaner, safer, reliable, and environmental friendly power generation for the entire Namibia.

Windhoek, Khomas -- (SBWIRE) -- 10/11/2011 -- Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center (Groot), Wire and Cable Plant, Mini Steel Plant, Engineering College, Medical Center, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

Namibia currently consumes about 2.9 Terawatts (TW) per year, which equals to about 400 Megawatts (MW) per month. NamPower, a national power utility company of the Government of Namibia, currently generates about 35% or 1.2 TW of electricity from its Hydro Power Plant in Ruacana, Coal Plant in Windhoek, and Diesel Power Plant in Walvis Bay and imports about 65% or 1.4 TW of its electricity requirements from South Africa, Botswana, Mozambique, Zimbabwe, Zambia and the DRC to power Namibia.

South Africa has been the primary source for electricity supply to Namibia since the beginning of time. However, about 15 years ago, it informed NamPower that by around 2013, it will no longer be able to supply electricity to Namibia. South Africa has since reduced its electricity supply to Namibia in 2011 and it only accounts for about 10%. Zimbabwe has also been supplying 150 MW of electricity to Namibia. However, it has informed NamPower years ago that by around 2013 it will also cut off its supply to Namibia.

"Recent regular power cuts in Windhoek have raised concerns of NamPower's energy generation stability, given that South African national power utility, Eskom, is said to have again communicated its inability to supply Namibia with electricity during this winter". (New Era Newspaper, July 4, 2011).

One of the projects that Groot Property Group (Pty) Ltd is developing as part of its ecosystem is Groot Power Plant, a 900 MW Combined-cycle Gas Turbine Power Plant (net) in South-west Namibia in order to help provide a cleaner, safer, reliable and more cost-effective electricity solution for Namibia. By developing this power plant, it will help meet Namibia's energy need by supplying it to NamPower and export the difference of 727 MW to neighboring countries at a market prevailing price.

When the Company has implemented its full ecosystem within 5 years, the ecosystem by itself will consume about 400 MW of electricity a month, exactly the same amount as what Namibia currently consumes, making it the largest NamPower's single customer.

"The wealth creation of a country is directly proportional to the country's ability to produce and meet its electricity consumption need, and for the first time in the history of Namibia, the country will no longer be a net importer of electricity, but a producer and exporter of a cost effective, cleaner, safer, reliable, and environmental friendly power generation for the entire Namibia". Says Simon Kapenda, VP Development Operations.

The total budget for the complete planning, development, engineering and construction of Groot Power Plant is about US$1.2 billion (N$9.4 billion). And the Company is raising the needed funds through a combination of debt and equity through a network of connected financial institutions including pre-selected commercial banks in Southern Africa such as Standard Bank. For the Engineering, Procurement, and Construction Management (EPCM) of Groot Power Plant, the Company has selected Aurecon Group Ltd as the EPCM Contractor.

"We seek to work and partner with anyone who can offer value-added proposition for the fast development and realization of the Groot Power Plant and the Groot ecosystem projects in order to help Namibia meet its National Development Plans and Vision 2030 within 5 years instead of 20 years." Says Robbie Jena, VP, Groot Ecosystem Strategist and Scientist.

The preliminary technical planning and development for Groot Power Plant was started in July 2011 and the construction will begin within a few months. The Groot Power Plant is expected to be completed and ready for commercial operation by end of 2014 in order to help NamPower meet Namibia's urgent electricity need.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 the Groot Power Plant at http://www.grootgroup.com/gpp.

Source: Groot Property Group (Pty) Ltd.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd.
Email: simon@grootgroup.com.
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

NIT plans to offer the most intensive engineering curriculum and training, while NRI in collaboration with NIT, will offer superior training in technology research labs in order to help educate, train, and produce the best engineers, biochemists, and scientists to meet the demand for the next generation of Namibia's industrial economy.

Windhoek, Khomas -- (SBWIRE) -- 10/11/2011 -- Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot (a new town), 900 MW Gas-fired Power Plant, Steel Mill Plant, Medical Center, Wire and Cable Plant, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

Namibia has a population of about 2.2 million, with a workforce of about 729,000 and the current unemployment rate at about 54%; however, only about 25% of the workforce is comprised of high productive professionals (those with post-secondary education or 3+ years of experience). For Namibia to meet the next generation of labor supply as effected by our Ecosystem, there's a great need for a premium 'MIT like' engineering college that will produce the most and well trained engineers, chemists, scientists, and management professionals for Namibia.

As part of the ecosystem development in Namibia, with anchor partners for the new Groot community poised to demand quality labors, the Company seeks to help fill this gap in the long-run by building a world-class engineering college and research institute, namely; Namibia Institute of Technology (NIT) and Namibia Research Institute (NRI) on 300 hectares of land at Groot near Etosha National Park, Namibia.

For the development of NIT, Groot Property Group (Pty) Ltd seeks to work with the faculty and professors from the world's top best universities and leading research institutions such as Massachusetts Institute of Technology (MIT) (USA), Harvard University (USA), California Institute of Technology (Caltech) (USA), The Ohio State University (USA), Tokyo University of Technology (Japan), India Institute of Technology (IIT) (India), and Georgia Institute of Technology (USA), to develop and setup the Curriculum, Courses, Syllabus, and Study Programs for Namibia Institute of Technology, as a world-class engineering college.

"Basically, we're copying the model used by Tsinghua University School of Economics and Management in China. When they set up Tsinghua Business School a few years ago, which today ranks as one of the world's top best, they used faculty and professors from some of the world leading universities including Harvard, Yale, MIT, INSEAD, etc., to set up their curriculum, courses and programs, and that in part helped Tsinghua MBA program to become one of the world's top ranked. In fact, the university is one of the highest top ranked universities in China." Says Simon Kapenda (PhD) Candidate, VP Development Operations and Chief Economist of Groot Property Group (Pty) Ltd.

The admission to NIT will be selective and will seek to admit only the hardworking, brightest and talented students in Namibia and Africa at large. Upon its completion, within the first 3 to 5 years, NIT is expect to have an enrollment of more than 6,000 undergraduate students from all over Africa, Europe, and Asia, with more than 400 Faculty, and more than 2,200 full-time employees.

"NIT plans to offer the most intensive engineering curriculum and training, while NRI in collaboration with NIT, will offer superior training in technology research labs in order to help educate, train, and produce the best engineers, biochemists, and scientists to meet the demand for the next generation of Namibia's industrial economy as designed to help Namibia become the premier industrial and information technology economy." Added Simon Kapenda (PhD) Candidate.

The development and construction budget for Namibia Institute of Technology is US$400 million (N$3.2 billion) and for Namibia Research Institute is US$150 million (N$1.2 billion), for a total combined budget of US$550 million (N$4.4 billion), which is expected to be provided by the Company's financing partners on an equity and debt basis.

The construction for both NIT and NRI is expected to begin in mid-2012 and be completed by the end of 2014. Enrollment will begin in 2014 and classes at NIT are expected to commence in the first quarter of 2015.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 Property Group (Pty) Ltd at http://www.grootgroup.com.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Groot Property Group (Pty) Ltd is developing the Otavi Steel Mill Plant in partnership with a Western Europe-based steel company, which will finance the construction of the Plant at the cost of about US$3 billion.

Windhoek, Khomas -- (SBWIRE) -- 10/10/2011 -- Groot Property Group (Pty) Ltd is developing a rapid industrial ecosystem in Namibia with more than 60 different projects which includes Groot Town Center, 900 MW Gas-fired Power Plant, Wire and Cable Plant, Engineering College, Medical Center, and more related industrial projects that would enable a creation of more than 500,000 direct and indirect better paying and sustainable job opportunities in Namibia within 3 years.

One of these projects is Otavi Steel Mill Plant, being planned for development in the Otavi area in central Namibia. With a construction budget of US$3 billion, the Otavi Steel Mill Plant is expected to have a production output capacity of 10 million metric tons of steel per year which will be sold to customers in the automotive, construction, household appliances, and packaging industries around the world.

Groot Property Group (Pty) Ltd is developing the Otavi Steel Mill Plant in partnership with a Western Europe-based steel company, which will finance the construction of the Plant at the cost of about US$3 billion.

"The proposed Otavi Steel Mill Plant is expected to make a large economic impact to the town of Otavi and the entire country at large. As more people flock to the Otavi area in search of work, we expect to possibly see a gold rush of more new housing units and retail stores development in the area, which is what the town desperately needs right now." Says Simon Kapenda, Chief Economist and VP, Development Operations of Groot Property Group (Pty) Ltd.

The Environmental Impact Assessment (EIA) and the Feasibility Study are the first steps that must be completed prior to a ceremonious signing of the Partnership Agreement between the two companies and the shareholders involved. These studies are expected to be completed within 3 months and the Plant is expected to be ready for commercial operation by the end of 2013 with more than 15,000 manufacturing employees.

"We now have three major projects underway; Groot Town Center, Groot Power Plant, and the Otavi Steel Mill Plant, all with a combined development and construction budget of US$5 billion (US$36 billion) to create more than 60,000 of direct jobs in Namibia." Says Peter Bruce Gwarada, CEO of Groot Property Group (Pty) Ltd.

The development of the Groot ecosystem is a win-win situation for the investors, local Namibians, and the Namibian government. Foreign investors in Namibia will have access to plenty of raw materials, high productive human capital, peaceful working environment, stable government with institutions conducive to good business. Namibia, a country of plenty is open for business!

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd 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 Property Group (Pty) Ltd at http://www.grootgroup.com.

Contact
Simon Kapenda, VP Development Operations
Groot Property Group (Pty) Ltd
Email: simon@grootgroup.com
Web site: http://www.grootgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm