By Hilary Mare
FINANCE minister, Calle Schlettwein has moved to redress ‘Chinese economic capture’ highlighting Chinese minimal involvement in the Namibian economy and nullifying the notion that Namibia is overexposed to Chinese loans.
According to the minister, government which tabled a N$65 billion budget earlier this year has to date only benefitted grants worth N$1.340 billion, interest free loans worth N$302 million and concessional loans to the tune of N$1.694 billion from the Chinese government.
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