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Namibia secures N$1.1billion in new German funding

Germany has extended N$1.1 billion to Namibia to fund various projects in the country, in a deal signed on Thursday in Berlin, as the two countries strengthen bilateral ties.

The funding is part of the bilateral technical funding and cooperation funding provided to Namibia by Germany

The amount includes N$100 million (5 €million) to support the town of Lüderitz's urban development endeavours of expanding the townland and providing serviced plots.

The National Planning Commission (NPC) Executive Director Welhencia Uiras who signed the agreement on behalf of Namibia in Berlin, could not provide further details when contacted on Friday, saying she was busy with official engagements.

Between February and March this year, Namibia and Germany held consultations on Development Corporations in Windhoek, where they resolved to work together in areas of Sustainable Economic Development, Training and Employment – focusing on private and financial sector development as well as technical and vocational training.

Climate and Energy, with a specific focus on renewable energy and energy efficiency as well as inclusive sustainable urban development, is another area.

In addition to Conserving Nature and Natural Resources, Protecting Life on Earth, in which the two states aim to deal with natural resource management – biodiversity, agriculture and integrated land management as well as water. 

Meanwhile, NPC Director General Obeth Kandjoze said he was waiting to be briefed on the recent deal.

"These are bilateral corporations that we undertake and get to be signed every after two years or so. Officials are still in Germany, and more details will be shared afterwards," he briefly told The Brief.

In April following a stakeholder engagement meeting in Lüderitz, Germany promised to provide support to the local authority in fast-tracking land delivery, in preparation for the much-touted Green Hydrogen Project to be undertaken.

Thus, Lüderitz as a Harbour town will experience high demand for housing, as the project is envisaged to create up to 15,000 jobs.






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Last modified on Monday, 12 June 2023 20:48

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