TransNamib set to secure N$2.6 billion loan for railway expansion and modernization

Niël Terblanché TransNamib, the national rail operator, is on the brink of acquiring a colossal N$2.6 billion loan that will significantly bolster Namibia’s rail infrastructure. The Acting Chief Executive Officer of TransNamib, Webster Gonzo, announced the imminent agreement with the Development Bank of Southern Africa and the Development Bank of Namibia. He added that the financial infusion marks a crucial moment in the modernization and expansion of the country’s railway system. Gonzo elaborated on the intricate processes involved in securing such a substantial loan. “We have reached the final stages of the prerequisites for this funding. Key to this phase…