Namibia: Nampower Signs Major Loan

13 February 2009

NAMPOWER yesterday signed a loan agreement worth N$1,3 billion with three foreign investment institutions and the Development Bank of Namibia for the completion of the 951-kilometre Caprivi power line from Katima Mulilo to central Namibia.

The loan secures about one third of the N$3,3 billion required for the project, of which Phase 1 will be completed by the end of the year.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.