Home Southern Africa N$1.1billion new German funding for Namibia

N$1.1billion new German funding for Namibia

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Germany has extended N$1.1 billion to Namibia to fund various projects in the country, as the two countries strengthen bilateral ties. The funding is part of the bilateral technical funding and cooperation funding provided to Namibia by Germany

Germany has extended N$1.1 billion to Namibia to fund various projects in the country, as the two countries strengthen bilateral ties. The funding is part of the bilateral technical funding and cooperation funding provided to Namibia by Germany. Climate and Energy, with a specific focus on renewable energy and energy efficiency as well as inclusive sustainable urban development, is another area.

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. 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.

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https://trendsnafrica.com/namibia-and-botswana-sign-mou-on-addressing-anti-competitive-activities/

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.