AfDB signs loan for Namibian container terminal

The African Development Bank Group (AfDB) has signed a ZAR2.9 billion ($338 million) loan to the Nambian Ports Authority (Namport) to finance the construction of the new container terminal at the Port of Walvis Bay in Namibia. The loan is backed by a sovereign guarantee from the government of Namibia. The AfDB is also providing a $1.5 million logistics and capacity building grant complementing the port project loan.

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