Thursday, August 20, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Latest

Windhoek debt falls to N$869m as city pursues gvt N$716m land swap deal

by reporter
May 8, 2026
in Latest
8
A A
White contemporary building with large metal louvers, palm trees, and a paved plaza under a blue sky with scattered clouds in the foreground.

The City of Windhoek’s debtors’ book declined to N$869 million by 31 March 2026, down from N$888 million recorded at the end of the previous financial year on 30 June 2025, as the municipality intensifies efforts to improve revenue collection and stabilise its finances.

Speaking during the municipality’s April ordinary council meeting, Windhoek Mayor Sakarias Uunona said arrears also declined from N$650 million to N$626 million over the same period.

Uunona said the figures reflected gradual progress in strengthening the municipality’s financial position despite continued economic pressure on households and businesses.

“Council remains one of the largest drivers of economic activity and employment within the local economy, and stable revenue collection is fundamental to fulfilling this responsibility,” he said.

The municipality is also continuing engagements with central government on a debt and land swap arrangement linked to a government loan currently valued at N$716 million.

According to Uunona, nearly half of the amount relates to accumulated interest.

“The successful conclusion of this arrangement will not only improve Council’s liquidity position, but will also create greater financial space for infrastructure investment, service expansion, and long-term urban development,” he said.

The proposed arrangement is expected to improve the municipality’s current ratio from N$1.13 to N$1.80 for every dollar of current liabilities.

Uunona said the improvement would strengthen the city’s institutional resilience and ability to meet service delivery obligations.

The municipality also reported progress on infrastructure and public service projects during the current financial year.

A total of 383 informal houses were connected to electricity, while a further 103 connections remain pending lease agreement approvals despite electricity poles already being installed.

The city also erected 15 high mast lights across informal settlements and constituencies in Windhoek. Four are already operational, while the remaining 11 are expected to be connected within the next two to four months.

“These developments place the City of Windhoek on a stronger and more sustainable footing to meet its obligations, protect essential service delivery, and advance a responsive, developmental, and economically resilient municipality for all residents,” said Uunona.

author avatar
reporter
See Full Bio
Previous Post

Retirement is no longer an age – it’s a phase. Planning for multi-stage retirements in Namibia

Next Post

Namibia’s Q1 exports rise to N$31.2bn as March records 99.6% jump

Must Read

Bright yellow license plates with large black numbers stacked diagonally in the frame, overlapping each other.
Latest

Govt plans new national standard for vehicle number plates

August 20, 2026
Straight highway through a desert landscape under a blue sky with a few clouds.
Latest

Roads Authority targets N$2.1bn upgrade of nine Oshana roads

August 20, 2026
Smiling woman with a black top and gold jewelry against a dark blue studio backdrop.
Latest

The bankability bridge: Turning Namibia’s economic potential into SME participation

August 18, 2026
Construction workers in high-visibility vests along a dirt road under construction beside a busy highway; muddy tire tracks, piles of soil, and distant hills.
Latest

Auas Road Phase 3 kicks off, targets major expansion over next 12 months

August 18, 2026
Construction-site fence with a Namibian Competition Commission banner in front of a modern brick building; street signs show Marien Ngouabi St and Wisserstraat.
Latest

Namibia’s merger rules out of step with regional peers despite proposed increase

August 17, 2026
Why Namibia urgently needs consumer protection laws on home auctions
Latest

Blood is no longer thicker than water

August 14, 2026
Load More

Related News

KfW to spend N$3 billion on water projects

KfW to spend N$3 billion on water projects

September 27, 2023
Namibia’s e-money transactions surge to N$43.7 billion

Namibia’s e-money transactions surge to N$43.7 billion

April 2, 2025
Unions push back over gvt retrenchment talk

Unions push back over gvt retrenchment talk

March 6, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.