The project is being implemented by TBEA of China at a cost of 132 U.S. million dollars, funded by the Exim Bank of China through a twenty-year concessional loan.
The president of the African Development Bank said on Tuesday that the Belt and Road Initiative has helped unlock the growth potential of the continent. He also identified agriculture as the biggest investment opportunity for Chinese companies in Africa.
The project is funded by the Namibian government with 56 percent of its own funds and 44 percent of the loan from the African Development Bank.
The prime goal of mixed-ownership reform is to create a flexible and efficient market-oriented mechanism with the incorporation of private shareholders, to improve the management of state-owned companies.
The president called on the international community to face up to the problems caused by globalization instead of dodging them.
The project, Independence Boulevard, 1,060 meters long and six lanes wide, links Parliament House to the city's main road.
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The product is in response to the great determination in achieving the 2020 poverty relief target set by the nation, said Zhang Jianxing, vice-president of the newspaper group. He said that China has already set this goal as its top priority since reducing poverty is the primary goal of the UN's 2030 Agenda for Sustainable Development.
The project aims to speed up the process of splitting about 1.4 million hectares of land covered by the Comprehensive Agrarian Reform Program (CARP) and then providing individual titles to these parcelized lots to some 750,000 farmer-beneficiaries.
The profit was the biggest-ever quarterly figure in the company's history as the COVID-19 pandemic buoyed a so-called "at-home" trend and boosted demand for high-resolution TVs.
The price monitoring center under the NDRC said international crude prices could bounce back in the short term if geopolitical conflicts intensify or OPEC crude oil supplies fail to meet expectations.