13/12/2017 - To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of ZAR 2,000 million (US$ 153 million) to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country. The support will also finance the upgrade of a section of the road from the capital, Windhoek, to its international airport.
05/12/2017 - The African Development Bank Group (AfDB) is supporting Namibia’s Agriculture Sector with the approval of One Billion South African Rands (*ZAR 1 billion) loan to finance the country’s Agricultural Mechanisation and Seed Improvement Project (NAMSIP).
05/12/2017 - Namibia’s efforts to develop efficient basic, technical and vocational education (TVET) to cater to its development needs has received a boost from the African Development Bank (AfDB) which has approved a *ZAR 1 billion loan to finance the country’s education and training.
29/03/2017 - African Development Bank Group Executive Directors are visiting Namibia from 3 to 7 April, 2017, to assess the impact of Bank projects in the country.
According to Executive Director for the country, Heinrich Mihe Gaomab II, the visit will focus on on-going projects in transport and logistics, financial intermediation, and public-private partnerships and pipeline projects in economic governance and competitiveness and infrastructure development.
14/02/2017 - The African Water Facility (AWF) and NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) signed on January 31, 2017 in Pretoria, South Africa, a letter of agreement with the Orange Senqu River Basin Commission (ORASECOM) to launch the Climate Resilient Water Resources Investment Strategy and Multipurpose Project Preparation for the Orange-Senqu River Basin, shared by Botswana, Lesotho, Namibia and South Africa. The co-financed project, amounting to about €3.5 million, includes contributions from AWF of about €2 million and $1.2 million from NEPAD-IPPF.
Categories: Botswana, Lesotho, Namibia, South Africa, Human Capital Development, Water Supply & Sanitation, Partnerships, Infrastructure, NEPAD, NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), African Water Facility
29/11/2016 - The African Water Facility (AWF) approved a grant of about €2 million to support a multinational transboundary project to prepare a Climate Resilient Water Resources Investment Strategy and Multipurpose Project for the Orange-Senqu River Basin, serving the population of Botswana, Lesotho, Namibia and South Africa. The main goal of this project is to promote sustainable socio-economic growth in the basin riparian countries through climate resilient water resources development in the framework of basin wide cooperation led by the Orange Senqu River Basin Commission (ORASECOM). The project will foster enhanced sustainable water resources management of the basin, increased investments based on better planning allowing more multipurpose projects to address the livelihood needs of the communities living in rural and urban areas.
09/07/2015 - The Board of Directors of the African Development Bank (AfDB) approved on Thursday, July 9, 2015 a line of credit amounting to ZAR 4.5 billion (about US $450 million) to Development Bank of Namibia (DBN) to finance projects in key priority sectors in the country including infrastructure, manufacturing, logistics and tourism.
18/03/2015 - A delegation of African Development Bank Group Executive Directors is preparing to travel to Mozambique to assess the impact of Bank projects in the country. The 11 Board members and one Senior Advisor, representing 46 countries, will visit Mozambique from March 28 to April 4.
07/03/2014 - The Board of Directors of the African Development Bank on Wednesday, March 5, 2014 in Tunis approved the Bank’s Country Strategy Papers (CSPs) for Tunisia and Namibia that would guide its operations in the countries concerned in the coming years.