Namibia: AfDB Offers N$2 Billion Loan to Namibia

7 December 2017

Windhoek — The African Development Bank (AfDB) has agreed to infuse an additional N$2 billion in loans into the Namibian economy, after the injection of a N$3 billion loan to finance the country's development programme this year, specifically focusing on economic governance and improving competitiveness.

On Monday this week, the AfDB board in Abidjan approved a loan of N$2 billion to finance developments in Namibia's education and training sector, as well as its agriculture sector.

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