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AFDB’s to avail US$196 million loan to boost Namibia’s Transport Infrastructure Improvement Project
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AFDB’s to avail US$196 million loan to boost Namibia’s Transport Infrastructure Improvement Project

The African Development Bank (AfDB) this week approved a loan of US$196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP). The bank in a statement said the loan which was approved on Tuesday, represents 51.8% of the project’s total cost, while the government will provide the remaining 48.2%....