African Development Bank gives $148 million to support Namibia's education, agriculture | Invest...

African Development Bank gives $148 million to support Namibia's education, agriculture | Investing Home CAPE TOWN/WINDHOEK (Reuters) - The African Development Bank (AfDB) has approved a total of 2 billion rand 148 million) in loans to boost Namibia's education and agriculture sectors, it said on Tuesday. A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo October 10, 2012. REUTERS/Kim Kyung-Hoon The funds are aimed at helping reduce youth unemployment by Loans in Cape Town boosting technical and vocational training, and reducing food imports by the South-western African country. Both the education and agriculture projects will receive additional Namibian government contribution, the AfDB said. The south-western nation's unemployment rate jumped to 34 percent of the working population in 2016 from 28.1 percent in 2014, the last time a labour force survey was conducted by the Namibia Statistics Agency. ($1 = 13.4738 rand) Reporting by Wendell Roelf in Cape Town and Nyasha Nyaungwa in Windhoek; Editing by James Macharia

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African Development Bank gives $148 million to support Namibia's education, agriculture | Invest...

Published on Dec 30, 2017

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CAPE TOWN/WINDHOEK (Reuters) - The African Development Bank (AfDB) has approved a total of 2 billion rand 148 million) in loans to boost Namibia's education and agriculture sectors, it said on Tuesday. A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo October 10, 2012. REUTERS/Kim Kyung-Hoon The funds are aimed at helping reduce youth unemployment by Loans in Cape Town boosting technical and vocational training, and reducing food imports by the South-western African country. Both the education and agriculture projects will receive additional Namibian government contribution, the AfDB said. The south-western nation's unemployment rate jumped to 34 percent of the working population in 2016 from 28.1 percent in 2014, the last time a labour force survey was conducted by the Namibia Statistics Agency. ($1 = 13.4738 rand) Reporting by Wendell Roelf in Cape Town and Nyasha Nyau...