MCA Namibia briefs Prime Minister

MCA’s CEO Penny Akwenye paid courtesy visit to the Prime Minister Hage Geingob’s offices.A delegation led by Millennium Challenge Account’s CEO Penny Akwenye paid a courtesy visit to the Prime Minister’s offices in the capital to report on progress made in the five year Compact Programme funded by the U.S.A. government’s Millennium Challenge Corporation (MCC).
The presentation highlighted that the programme is well on track and considered the best performing Compact worldwide. To date, 73% of the funds have been committed, of which half went to Namibian businesses, followed by South Africa with 23%. Other African countries benefiting from MCA are Botswana, Zimbabwe and Congo DRC.
Prime Minister Hage Geingob was full of praise for MCA Namibia (MCAN) during a briefing session that took place end of last month in Windhoek.
Geingob further took note of the fact that 84% of MCA staff members are Namibian citizens and another 5% hold permanent residency, whereby almost half of its employees are women.
MCA is investing US$ 304.5 million in Namibia’s education, tourism and agriculture sectors with the aim of reducing poverty through economic growth. The Compact programme ends in September 2014.