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Friday 11th of February 2005 EU gives N$750 million to Namibia EU Ambassador Antonius Brueser signed on behalf of the European Commission an additional finance agreement with the Director General of the National Planning Commission, Immanuel Ngatjizeko on Tuesday. Some N$ 750 million (94.5 million euros) will flow to Namibia until 2007 under the addendum to the Country Strategy Paper and the 2002 National Indicative Programme. The financial allocations covering this period are divided into 2 Envelopes: Envelope-A covers macroeconomic support, sectoral policies, programmes and projects in support of community assistance, while Envelope-B covers unforeseen needs like emergency assistance where such support is not financed from the EU budget. In accordance with the EU agreement, a mid term review was carried out in 2004 in order to evaluate the current needs and performances of Namibia. With Namibia doing so well in its development efforts, the EU further decided to increase the overall funds available by € 3 million, which are included in the above amount. NPC boss Ngatjizeko said a major project would be the Gobabis-Grootfontein Road, to start this year and a road from Okahao to Opuwo via Omakange. Ramatex bows to pressure The Ramatex management has given in and agreed to negotiate better working conditions of its 6000 employees after closed-door discussions at the weekend with the ministry of trade and industry and labour unions. Those issues would now be resolved "within the framework of the law and agreements entered into between the relevant labour union (NAFAU) and The Brussels-based International Textile Garment and Leather Workers’ Meanwhile a local NGO, Earthlife Namibia made a letter public, which it wrote to the ministry of trade and industry 3 weeks ago. "We got no reply, which is frustrating", Bertchen Kohrs of Earthlife told PLUS. |
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