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Namibia Secures $138.5 Million World Bank Loan for Energy and Economic Development

Charmaine Ngatjiheue

Charmaine Ngatjiheue, an award-winning journalist, is business editor with expertise in economic reporting
  • Namibia secures a $138.5 million World Bank loan to enhance power transmission and boost renewable energy
  • Analysts urge careful use of the loan to maximize economic benefits amid concerns over increasing national debt.

 

The World Bank approved a $138.5 million loan on Tuesday to bolster Namibia’s power transmission network and integrate renewable energy projects into the grid.

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