Namibia, AfDB launch US.dollars 1.78 billion industrialisation blueprint

NAMPA

2026-03-11

WINDHOEK, 11 March 2026 - Deputy Executive Director for Finance, Justus Mwafongwe, on Wednesday outlined a N.dollars 28.5 billion roadmap to diversify the economy and fix procurement bottlenecks at the African Development Bank (AfDB) Country Strategy Paper 2025-2030 launch. (Photo by: Chelva Wells) NAMPA

WINDHOEK, 11 MAR (NAMPA) – The Namibian government and the African Development Bank (AfDB) on Wednesday launched a N.dollar 28.5 billion partnership designed to overhaul national infrastructure and break the country’s dependence on the mining sector.
The 2025-2030 Country Strategy Paper, launched in Windhoek, serves as a five-year financial engine for Namibia’s Sixth National Development Plan (NDP6).
In a keynote address read on her behalf by Dep...

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WINDHOEK, 11 March 3026 - African Development Bank (AfDB) Deputy Director General, Moono Mupotola, on Wednesday confirmed a N.dollars 28.5 billion (US$1.78 billion) financing envelope for Namibia to support energy, water, and transport sectors over the next five years. (Photo by: ChelvaWells) NAMPA

Namibia Bank Shafudah deputy development director finance government

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