Namibia Gets N$2b From Germany

NAMIBIA has received about N$2 billion from the German government through development cooperation agreements between the two countries.

The N$2 billion was sourced through the German development agency Gesellschaft für Internationale Zusammenarbeit (GIZ) and the German state bank KfW, with GIZ providing a N$1,1 billion grant, while KfW has extended an interest-subsidised loan of about N$900 million.

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