GBCN Construction Namibia, a subsidiary of Sakawe Mining Corporation, has invested more than N$200 million in the Windhoek Waterfront development, with construction of the project’s final phase scheduled to begin in March 2027.
The final phase is expected to be completed within 500 days, paving the way for the full operation of the mixed-use development.
Speaking to The Brief, Sakawe Mining Corporation Chief Executive Officer Eli Nefussy said the project is intended to ease pressure on Windhoek’s central business district by creating a new commercial and residential hub.
He said the development is expected to improve logistics, stimulate trade, address housing shortages and support Namibia’s industrialisation ambitions.
“This development is not just about construction; it is about creating a platform that supports logistics, trade and industrial expansion. By March 2027, we expect the Waterfront to be fully operational, serving as a hub for both domestic and international commerce,” Nefussy said.
According to Nefussy, the project has already delivered significant social and economic benefits.
He said more than 70 houses have been completed and are fully occupied, while over 1,000 families have gained access to accommodation through serviced residential plots within the development.
“The project has attracted businesses and investors, which shows the increasing commercial opportunities for local enterprises and service providers,” he said.
Nefussy added that the development aligns with Namibia’s broader economic growth strategy by supporting investment, industrial expansion and urban development.
He also credited government institutions, including the Namibia Investment Promotion and Development Board (NIPDB), the City of Windhoek and the Ministry of Industrialisation and Trade, for creating an enabling investment environment.
“The Waterfront contributes to Namibia’s growth agenda by supporting institutions such as NIPDB, the City of Windhoek and the Ministry of Industrialisation and Trade. Strong institutions and clear regulatory frameworks are essential for projects of this scale, and we are grateful for the stewardship provided by Namibia’s regulators, which gives investors the confidence to commit to long-term ventures,” he said.
