Germany and Namibia sign bilateral loan agreement
Contributed by NAMPA.
WINDHOEK, 25 JUN (NAMPA) - Namibia and Germany have signed an inter-governmental bilateral agreement targeted towards the financing of national development projects in the priority areas.
The agreement covers programmes to the value of Euro 80 million (over N.dollars 1.3 billion) provided by the Kreditanstalt für Wiederaufbau (KfW).
It reflects the outcome of the government-to-government negotiations for preferential loans for potable water supply and a support programme for national road mainte ...