Russian billionaire seeks right to buy land - The Namibian
▻https://www.namibian.com.na/61140/read/Russian-billionaire-seeks-right-to-buy-land
Sardarov purchased three farms which collectively measure 28 000 hectares in 2012/13 in order to set up a game ranch. However, The Namibian reported in 2014 that the billionaire’s aim was to extend his ranch to 46 000 hectares by purchasing another 18 000 hectares of surrounding farmland.
In an advertisement issued by his lawyer, Sisa Namandje, the billionaire asked the owners of the three farms, who are known to The Namibian, to grant him the right to purchase, and for ministerial consent to be obtained.
As per land reform regulations, government should have the first option to buy farms put up for sale. Sardarov, in a bid to get the farms, is encouraging the land reform ministry to invoke a section of the Land Reform Act.
Section 58 requires that Sardarov purchases the earmarked land under certain conditions set by the ministry, and he proposes that under the conditions, he be allowed to donate N$24 million to the ministry, and set up a tannery on the amalgamated land within five years of acquiring it.
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