MCA Namibia briefs Prime Minister
The presentation highlighted that the programme is well on track and considered the best performing Compact worldwide. To date, 73% of the funds have been committed, of which half went to Namibian businesses, followed by South Africa with 23%. Other African countries benefiting from MCA are Botswana, Zimbabwe and Congo DRC.
Prime Minister Hage Geingob was full of praise for MCA Namibia (MCAN) during a briefing session that took place end of last month in Windhoek.
Geingob further took note of the fact that 84% of MCA staff members are Namibian citizens and another 5% hold permanent residency, whereby almost half of its employees are women.
MCA is investing US$ 304.5 million in Namibia’s education, tourism and agriculture sectors with the aim of reducing poverty through economic growth. The Compact programme ends in September 2014.