Namibia: Afreximbank Shields Country With N$167 Billion

The African Export-Import Bank (Afreximbank) has made N$167.3 billion (US$10 billion) available to all member states, including Namibia.

The initiative, known as the Gulf Crisis Response Programme (GCRP), is set to help African countries deal with the effects of the war in the Middle East that has pushed food, transport and oil prices up.

Namibia remains a net importer of several critical commodities that have been directly impacted by the disruption of the Strait of Hormuz.

With the GCRP now…