Namibia Agrees to ‘Land Deal’ with Russian Billionaire
October 26, 2018
The Namibian government has leased four farms for 99 years to a company owned by a Russian billionaire.
The Namibian government has leased four farms for 99 years to a company owned by a Russian billionaire.
While Namibia is one of nine countries in Africa categorized by the World Bank as “upper middle income,” the country has a poverty rate of 26.9 percent, an unemployment rate of 29.6 percent and an HIV prevalence rate of 16.9 percent.