{"id":29062,"date":"2021-03-19T18:57:06","date_gmt":"2021-03-19T17:57:06","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=29062"},"modified":"2021-10-07T00:24:29","modified_gmt":"2021-10-07T00:24:29","slug":"namibia-seeks-funding-for-economic-recovery-projects","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/namibia-seeks-funding-for-economic-recovery-projects\/","title":{"rendered":"Namibia seeks funding for economic recovery projects"},"content":{"rendered":"<p>Xinhua<\/p>\n\n\n<p>Namibia is seeking funding for several infrastructure projects, including a new desalination plant as part of the government\u2019s drive to revive the economy and expand the mining sector.<\/p>\n\n\n<p>President Hage Geingob of Namibia said at the launch of his five-year economic recovery plan.<\/p>\n\n\n<p>&nbsp;Geingob said the country also plans to expand the local power generation capacity by 250 Megawatts to boost the recovery.<\/p>\n\n\n<p>The power generation will also optimise the operation of the container terminal in the coastal town of Walvis Bay and establish an Economic Free Zone.<\/p>\n\n\n<p>\u201cThis is a period of a great opportunity and we thus invite investors to partner with the government in the delivery of these transformative initiatives encapsulated in the plan,\u2019\u2019 he told reporters in the capital Windhoek.<\/p>\n\n\n<p>\u201cOur objective is to unlock targeted projects worth approximately 27 billion Namibian dollars ($1.8 billion).\u2019\u2019<\/p>\n\n\n<p>On Wednesday, Finance Minister, Ipumbu Shiimi, said the country would accelerate reforms to improve the domestic investment climate by tabling the reviewed Namibia Investment Promotion Bill and the National Equitable Economic Empowerment Bill this year.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-29062\" data-postid=\"29062\" class=\"themify_builder_content themify_builder_content-29062 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Xinhua Namibia is seeking funding for several infrastructure projects, including a new desalination plant as part of the government\u2019s drive to revive the economy and expand the mining sector. President Hage Geingob of Namibia said at the launch of his five-year economic recovery plan. &nbsp;Geingob said the country also plans to expand the local power [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[437],"class_list":["post-29062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-namibia","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Namibia seeks funding for economic recovery projects - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/namibia-seeks-funding-for-economic-recovery-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia seeks funding for economic recovery projects - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Xinhua Namibia is seeking funding for several infrastructure projects, including a new desalination plant as part of the government\u2019s drive to revive the economy and expand the mining sector. 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