India to Cover $100 Million in Buyer’s Credit For Namibia’s Infrastructure

Written by Makula Dunbar

Feb 07, 2014

India has offered to provide buyer’s credit of USD 100 million to Namibia for taking up infrastructure projects.

This will be in addition to the USD 100 million Lines of Credit which India had offered during the State visit of the President of Namibia to India in 2009.

This offer was made by Commerce and Industry Minister Anand Sharma, who was on a two-day visit to Namibia from February 4, 2014.

During his visit, Sharma called on Hifikepunye Pohamba, President of Namibia and Dr. Hage Geingob, Prime Minister of Namibia. He also had bilateral meetings with Carl H.G. Schlettwein, Minister of Trade and Industry, Namibia, Netumbo Nandi-Ndaitwah, Foreign Minister of Namibia and Mr. Joel Kaapanda, Minister of Information and Communication Technology, Namibia.

While drawing attention to the important role being played by the India-Africa Forum Summits, Sharma conveyed that it had been decided to set up an ICT Training Institute and an Entrepreneurship Development Centre in Namibia. It was agreed to speed up the setting up of these institutions.

In his meeting with Prime Minister Dr. Hage Geingob, Sharma offered to set up an SME Skill Centre, for which National Small Industries Corporation will be the designated agency.