Scrapping debt collection tool without an alternative
A recent government directive on local authorities’ debt collection mechanisms has decided that broke councils should become even broker. The ...
Tag: debt
Local authorities’ debt to NamPower rising by N$10 million monthly
Local and regional authorities are accumulating increasing arrears to national power utility NamPower, with debt rising by an average of ...
Understanding the legal consequences of default
By Eddie King Understanding the legal consequences of financial default is essential for anyone managing personal or business-related debt. Default ...
Household debt rises by N$109m in April, driven by mortgage growth
Namibia’s household debt increased by N$109 million in April to reach N$68.8 billion, driven mainly by growth in mortgage credit, ...
Govt spends N$730 million on Meatco bailouts since 2020
The Namibian government has spent around N$730 million on the Meat Corporation of Namibia (Meatco) over the past four years, ...
Fitch flags mounting fiscal pressures as Namibia’s debt hits 67.2% of GDP
Namibia’s government (GG) debt rose to 67.2% of GDP by the end of 2024, surpassing the ‘BB’ median of 53.8%, ...
Namibia’s debt illusion is wearing thin
Namibia is nearing the edge of its fiscal comfort zone. For over a year, the government has leaned on domestic ...
Namibia’s public debt expected to surpass N$168 billion by FY2025/26
Namibia’s public debt is forecast to increase from N$144 billion in FY2023/24 to approximately N$168 billion by FY2025/26, according to ...
When populism meets a spreadsheet
By the time a politician starts blaming bank profits for public debt, you know the argument has run out of ...
Govt allocates N$13.7 billion for debt servicing
The Namibian government has set aside N$13.7 billion for debt servicing in the 2025/26 fiscal year, representing 14.8% of national ...
