The Namibian (Windhoek)

29 July 2014

Namibia, Germany Sign N$1 Billion Agreement

THE National Planning Commission and Embassy of the Federal Republic of Germany yesterday signed agreements on financial and technical cooperation worth 73,2 million euros (approximately N$ 1 billion).

Tom Alweendo, Director General of the National Planning Commission and Onno Hückmann, ambassador of the Federal Republic of Germany signed the agreement.

The two officials said the signing underlines once again the great importance of Namibian-German cooperation.

Alweendo said the focal areas of the cooperation are to support the government in its efforts to reduce poverty and unemployment, to improve the population's overall living conditions and to strengthen the country's infrastructure, as well as to foster economic development.

Hückmann said that Germany will remain a reliable development partner for Namibia in support of Vision 2030.

The agreements include grants of 36 million euros for projects to be financed through the German Development Bank (KfW). The funding will be used to develop the Coastal National Parks, to construct district roads and to develop a research and development centre for the use of natural biodiversity products.

A total of 37,2 million euros will be implemented through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) for programmes on land reform and land management, a multisectoral response on HIV/AIDS and the improvement of competitiveness in the Namibian economy.

In support of education and skills development, part of the funding will be used to support the quality and quantity of vocational education and training in Namibia as well as teaching and research capacity at the Polytechnic of Namibia and the University of Namibia in the fields of civil and transportation engineering.

A grant of 2 million euros will be used to support the groundwater management in Northern Namibia.

The accumulated total of German Official Development Assistance (ODA) to Namibia since independence amounts to more than 800 million euros, comprising technical and financial cooperation, as well as services rendered by non-governmental organisations and political foundations.

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