Government maintains no funding agreements have been entered into with China yet

Government maintains no funding agreements have been entered into with China yet

The government says no funding agreement has been entered into with China yet.
This follows media reports that the Government plans to borrow N$10 billion from China in the next five year to fund projects.
President Hage Geingob and his Cabinet briefed the media on state-visit to Indonesia and participation in the Forum on China-Africa Cooperation in Beijing.