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Reference: 20040060
Release date: 13 December 2005

Promoter – Financial Intermediary

Old Mutual Asset Managers (OMAM), PO Box 25549, Windhoek Namibia.

  • Tel. +264 61 299 3527
  • Fax +264 61 299 3528

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).

Related tags

Namibia Credit lines