Keetmanshoop Municipality applies for a loan from DBN
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The Keetmanshoop Municipality has applied for an N$11.9 million loan from the Development Bank of Namibia (DBN) to upgrade its electricity infrastructure.
This transpired at the presentation of the municipality's ministerial-approved N$296.8 million operational budget to residents on Tuesday.
Khoetage Dax, Keetmanshoop Electricity Business Unit manager, revealed that DBN has approved the loan pending ministerial approval.
He says the loan will be repaid over a period of ten years.