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Botswana to get a piece of Walvis Bay |
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Written by Staff Reporters
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The governments of Botswana and Namibia have finalised financial terms, which will result in the country’s eastern neighbour leasing a dry port at Walvis Bay.
Namibian Port Authority (Namport) corporate communications officer, Jo-Ann Stevens told the Economist that the deal will be finalised once NamPort's top brass return to work next week after the Christmas break.
Early in the week, the Botswana Press Agency (BOPA) said negotiations to lease a piece of land of about 36400 square metres are at an advanced stage.
BOPA quoted the Botswana High Commissioner to Namibia, Norman Moleboge, saying at the moment, a lease agreement of 50 years has been finalised while the two countries are still mapping out methods of payment.
The Namibian government agreed to give Botswana a portion of the Walvis Bay port, but the terms of the agreement had not yet drawn up.
Moleboge said his government has already sent a payment draft paper and was waiting for the response from the Namibians.
He said leasing the land would enable Botswana to send and receive goods cheaper from abroad through the Namibian sea port.
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