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Namibia: Namibia signs N$1.5b loan with Germany – News

Namibia: Namibia signs N.5b loan with Germany – News

Africa Links 24 with Shania Lazarus
Published on 2025-05-21 07:51:25

Namibia will receive a N$1.5 billion loan from Germany’s Kreditanstalt für Wiederaufbau (KfW) development bank to fund water projects.

The loan has a 20-year repayment period, with a five-year grace period.

The loan will be used by the Namibia Water Corporation (NamWater) under the Water Sector Support Programme II for four projects across the country.

This projects are the Omundaungilo–Omutsegwonime Bulk Pipeline Scheme (phases 1 and 2), the…

Read the Full article on The Namibian

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