03
Nov
Niël Terblanché The African Development Bank (AfDB) has granted Namibia a significant boost with the approval of a N$3.5 billion loan to fund the second phase of the Transport Infrastructure Improvement Project (TIIP). The loan, representing 51.8 percent of the project’s total cost, aims to enhance Namibia’s transportation infrastructure and connectivity. According to an official statement released by Leila Mokaddem, Director General for Southern Africa at the AfDB, the Namibian government will provide the remaining 48.2 percent of the project’s funding. The TIIP’s second phase is an ambitious endeavour that involves the construction of 207 kilometres of new rail tracks,…