Today, the EU Head of Delegation to Namibia, Jana Hybaskova informed the media about the importance and implications of the entering into force of the EPA Agreement between Namibia and the EU. She explained that on the 10th of October, five southern African countries – Botswana, Lesotho, Namibia, South Africa and the EU started a new chapter in their bilateral relations, with the entry into effect of their Economic Partnership Agreement. This allows for immediate duty- and quota-free access for their exports to the EU market.
At a signing ceremony on the 1st of November, Mr. Pim Van Ballekom, Vice President of the European Investment Bank and Dr Quinton van Rooyen, Group MD of Trustco signed a EUR 7,5 Million credit facility, which is expected to aid between 500 and 1000 SME businesses and individual local entrepreneurs throughout Namibia. At the signing ceremony Mr.
The European Investment Bank (EIB), the bank of the European Union, has signed a EUR 7,5 million (N$ 113,5 million) credit facility with Trustco Group Holdings Limited, to finance small business and entrepreneurs in Namibia.
Check the information in the press release attached.
The new partnership initiative the EU Commission has entered into with UNISDR and UN-HABITAT for the project “Making cities sustainable and resilient: Implementing the Sendai Framework for Disaster Risk Reduction 2015-2030 at the local level" to address resilience in cities around the world, will benefit from a total funding of 7.5€ million, of which 6 million provided by the EU (Thematic program Global Public Goods and Challenges) and the rest co-financed by UNISDR and UN Habitat.