Indongo Group, Pioneer Foods in partnership

PRESIDENT Hifikepunye Pohamba has described a joint venture signed this week between the Frans Indongo Group and Pioneer Foods as a welcome development.

“It is through initiatives such as this partnership that our people can have the opportunity for employment and through which the private sector can make a meaningful contribution towards poverty alleviation,” he said. The Frans Indongo Group and Pioneer Foods signed an agreement on Monday to form a business partnership.Pioneer Foods is a South African company, which owns Bokomo Namibia.The new joint venture comprises new shares, which is equal to 100 per cent of the market value of Bokomo Namibia, which will be issued to the Frans Indongo Group.No share will therefore be sold by Pioneer Foods and no proceeds are to be repatriated out of Namibia.President Pohamba congratulated the two partners for demonstrating their belief in the expansion and diversification of businesses ventures as a step by the private sector to create jobs, thereby improving the living standards of Namibians.He, therefore, called upon the management of the joint venture to continue working towards contributing to the economic development of the country.Meanwhile, Pioneer Foods MD, Andre Hanekom promised: “This will be a true joint venture in which the local knowledge and business experience of the Frans Indongo Group will strengthen and add value to the expertise and brands of Pioneer Foods.”He said the partners would be equally responsible for the success of the venture.Pioneer Foods is one of the major food processing companies in South Africa, whose turnover is N$1 billion.The company manufactures numerous popular brands which are sold throughout southern Africa and abroad.Their products include cereal brands such as Weetbix and Pro-Nutro, and Ceres fruit juice.The Frans Indongo Group is a leading business entity in Namibia.Its founder, Dr Frans Aupa Indongo, is a strategic entrepreneur.Since 1967, he has grown from strength to strength and has made considerable investments in various sectors of the country’s economy.The sectors include retail, farming, fishing, property development, the hospitality industry, motor sales and fuel distribution.NampaThe Frans Indongo Group and Pioneer Foods signed an agreement on Monday to form a business partnership.Pioneer Foods is a South African company, which owns Bokomo Namibia.The new joint venture comprises new shares, which is equal to 100 per cent of the market value of Bokomo Namibia, which will be issued to the Frans Indongo Group.No share will therefore be sold by Pioneer Foods and no proceeds are to be repatriated out of Namibia.President Pohamba congratulated the two partners for demonstrating their belief in the expansion and diversification of businesses ventures as a step by the private sector to create jobs, thereby improving the living standards of Namibians.He, therefore, called upon the management of the joint venture to continue working towards contributing to the economic development of the country.Meanwhile, Pioneer Foods MD, Andre Hanekom promised: “This will be a true joint venture in which the local knowledge and business experience of the Frans Indongo Group will strengthen and add value to the expertise and brands of Pioneer Foods.”He said the partners would be equally responsible for the success of the venture.Pioneer Foods is one of the major food processing companies in South Africa, whose turnover is N$1 billion.The company manufactures numerous popular brands which are sold throughout southern Africa and abroad.Their products include cereal brands such as Weetbix and Pro-Nutro, and Ceres fruit juice.The Frans Indongo Group is a leading business entity in Namibia.Its founder, Dr Frans Aupa Indongo, is a strategic entrepreneur.Since 1967, he has grown from strength to strength and has made considerable investments in various sectors of the country’s economy.The sectors include retail, farming, fishing, property development, the hospitality industry, motor sales and fuel distribution.Nampa