Germany will allocate N$380 million to support Namibia’s efforts in closing infrastructure and technical capacity gaps, particularly in urban and peri-urban areas.
The funds will focus on formalizing land ownership and ensuring decent housing for residents in informal settlements.
The Head of Economic Affairs at the Indonesia Embassy, Ari Hadiman, has described the recent 2nd Indonesia-Africa Forum as a success.
The forum saw the signing of agreements between Indonesia and Africa in various sectors to the tune of about N$52 billion.
Namibia and Cuba have signed three agreements to expand cooperation in various fields.
The agreements govern trade, political, and diplomatic consultations, as well as the exchange of prisoners convicted in either country.
The Minister of Finance and Public Enterprises, Ipumbu Shiimi, has directed public entities not to enter into financial agreements that exempt lenders from the required tendering processes as stated in the Procurement Act.
