Release date: 13 December 2005
Promoter – Financial Intermediary
Old Mutual Asset Managers (OMAM), PO Box 25549, Windhoek Namibia.
- Contact: Ms Brigitte Weichert, Head: Alternative Investments
- Tel. +264 61 299 3527
- Fax +264 61 299 3528
- e-mail: bweichert@omam.com
Location
Description
Provision of medium and long-term debt finance for infrastructure development projects in Namibia, alongside the Old Mutual MIDINA Fund.
Objectives
Eligible Final Beneficiaries are local authorities and state-owned enterprises or private companies cooperating with the public sector for the provision of public sector services.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 4 million equivalent
Total cost (Approximate amount)
Not applicable
Environmental aspects
All projects to be financed from the Bank’s loan must comply with Namibian environmental legislation and the Bank will ensure that the environmental impact assessment and mitigating measures are acceptable for each project it finances.
Procurement
OMAM will ensure that equipment, works and services to be financed from the Bank’s loan will be procured at the most advantageous prices, having regard to quality and efficiency, and that an open international bidding procedure will be followed where appropriate.
Status
Signed - 10/03/2006
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).