08
Jul
Niël Terblanché Namibia's national railway operator, TransNamib, has accessed N$2.6 billion in funding from the Development Bank of Namibia (DBN) and the Development Bank of Southern Africa (DBSA). This financial boost will be used to address the company's long-standing locomotive shortage and enhance its operational capacity. Chief Executive Officer, Desmond Van Jaarsveld, announced that the loan will be dedicated to increasing locomotive capacity, remanufacturing and acquiring new rolling stock, modernising the TransNamib workshop, and upgrading signaling equipment. “For years, we have been transparent about the challenges posed by our outdated equipment. This loan will not only enable us to increase…