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Secrecy shrouds N$223m CoW land deals with the well-connected

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By Patience Nyangove and Marianne Nghidengwa

THE sale of over 90 000 square metres of land in the affluent suburb of  Academia to the well-connected is feared to be shrouded in secrecy with allegations of ‘insider trading’ as bids were on closed tender, sources privy to the transactions have warned.

The City of Windhoek in March sold over 90 000 square metres of land in the affluent suburb of Academia Extension 1 to 13 businesses for N$223 million, council minutes reveal.

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