Thursday, September 29, 2005

International Development: Namibia gets $34 million for "Green Scheme"

The African Development Bank (ADB) has granted a loan of $34 million to go towards Namibia's "Green Scheme Project".

The ADB said the cash injection would provide a vital lifeline to the agricultural sector and assist in making the arid country "greener" through irrigation and crop development initiatives targeting the 70 percent of the country that relies on agriculture.

The Green Scheme, is the idea of former president Sam Nujoma, and is based on India's Green, White and Yellow revolutions of the 1960s and 70s.

Namibia is currently formulating legislation to implement its 'Green Revolution', which will be officially proclaimed early next year.