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Airport loan deal approved

Finance minister Iipumbu Shiimi is expected to finalise a loan agreement with China for the upgrading and expansion of the Hosea Kutako International Airport after the Asian giant gave the go-ahead for a “special financial package”.

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Star of the Week : Namibian government

Our Star of the Week is the Namibian government that on Wednesday authorised the stimulus package of N$8.1 billion that will help qualifying households, formal and informal businesses, the tourism sector, travel, aviation and construction sectors to prevail during the Covid-19 outbreak.

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Govt unveils N$8.1bn stimulus package

Government has prepared an economic stimulus package totalling a massive N$8.1 billion to confront the expected coronavirus economic fallout. The much-anticipated announcement was made by finance minister Iipumbu Shiimi at State House yesterday.