NORED customers in the Oshana Region owe the electricity utility N$3.6 million. Of this, N$734,000 has been outstanding for more than a year. The information was shared during the hearing of the Parliamentary Standing Committee on Human Resources and Development at Oshakati on the motion to write off historic electricity and water debts in the...
The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of $196.43 million (about N$3.6 billion) for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP). The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost. The Namibian government will provide...