Friday, November 13, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Companies Finance

Shiimi, KfW sign N$1 billion Windhoek water upgrade funding

by editor
December 13, 2023
in Finance
21
A A

The Treasury on Wednesday signed a €50-million (N$1 billion) concessional loan agreement with KfW Development Bank for the rehabilitation and extension of the wastewater treatment plants of Gammams and Otjomuise in Windhoek.

The Treasury was represented by the Minister of Finance and Public Enterprises, Iipumbu Shiimi, while KfW was represented by Country Director Beatrice Lucke. 

According to Shiimi, the loan comes at a critical point when Namibia is battling with climate change, hence these developments are crucial in improving the livelihood of people, as the population in the capital continues to increase.

The funds are provided through a concessional loan in the local currency with a repayment period of up to 20 years, at a 9.95% interest rate.

Approximately N$700 million will be geared towards the construction of the second reclamation plant, while N$300 million will be for the upgrades of the Gammams and Otjomuise treatment plants.

The upgrades will be done in parallel with the development of a second Direct Portable Reclamation Plant, which will be fed by the existing infrastructure. For that to be possible the current systems and structures need to be modernised.

“This development will increase the amount of water that can be reused, allowing for up to 50% of the City’s water supply coming from direct reuse, doubling the current 25%, being provided through Goreangab Direct Portable Reclamation Plant.

This plant was also funded by KfW in 1990 when first reclamation reached its lifespan,” said German Ambassador to Namibia, Thorsten Hutter.

Hutter highlighted that Namibia is a dry country where water has and remains to be a scarce resource. Thus, he said, there is a need for the country to apply a progressive and innovative stance when it comes to securing continued water supply for the growing population.

The City of Windhoek’s Strategic Executive for Infrastructure, Water and Technical Services, Ludwig Narib, said the construction and upgrades will be undertaken in the next five years. Adding that the funds will be inclusive of design, construction and all related expenses.

“This is a very important undertaking which comes to implementation after eight years of planning and negotiations. A feasibility plant was to be piloted to test the new technology if it is going to work on the planned second reclamation plant, but due to the urgency of addressing water woes, it was resolved to modernise and use the existing form equipment and technology,” said Narib.

“Therefore, this necessitated the upgrades of existing facilities so that they can be enabled to supply water to the next treatment plant, as its current capacity would not manage,” he added.

author avatar
editor
See Full Bio
Previous Post

Govt eases resettlement criteria, cuts stringent requirements

Next Post

NamPower looks to Omburu’s N$400m BESS to reduce Eskom dependency

Must Read

Male presenter in a suit at a lectern in front of a large slide about fund value, growth, and performance figures.
Finance

GIPF has N$5.1bn awaiting investment in viable Namibian projects

November 12, 2026
Man in a dark suit and burgundy tie speaks at a clear lectern with microphones on stage.
Finance

Namibia sits on N$1.1bn in unclaimed bank balances and insurance benefits

November 11, 2026
Smiling man in a dark suit and glasses speaks at a clear podium, turquoise backdrop with 'Welcome' text and a QR code visible to the side.
Finance

Namibia’s pension funds urged to invest N$30 billion in infrastructure over five years

November 11, 2026
African American woman wearing glasses speaks at a clear podium with a microphone at a conference stage.
Finance

NAMFISA considers changes to pension fund investment regulations

November 11, 2026
Man in a navy blazer with a white pocket square, seated in a wood-paneled office.
Finance

NPC calls for private sector funding to bridge Namibia’s development financing gaps

November 11, 2026
Stacked coins increasing in height beside a shopping cart, with a red upward growth line indicating rising value or costs.
Finance

Namibia’s inflation expected to peak at 6.7% in early 2027

November 10, 2026
Load More

Related News

Mercedes struggles as car market shifts from prestige to practicality

Mercedes struggles as car market shifts from prestige to practicality

September 19, 2025
Namibia downgraded to lower-middle-income country

Banking-sector cash balances rise to N$5.4 billion

January 6, 2026
Authentic leadership – leading with heart, not ego 

Authentic leadership – leading with heart, not ego 

March 18, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • e-edition
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.