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September 30, 2017, 6:10am

 

by RODNEY PIENAAR

The Government of the Federal Republic of Germany has committed a new amount of €103.5 million for bilateral Technical and Financial Cooperation after negotiations held last week between the two governments.

 

 This brings the total new funding available for Technical and Financial Cooperation projects and programmes in 2016 and 2017 to €133.5 million equating to N$2 billion using the current exchange rates. Of the €133.5 million, €73.5 million is a grant support while €60 million is interest reduced to loan, the Deputy Minister of Economic Planning Lucia Iipumbu has said.

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