Namibia Progressive Party Plans N$30 Billion Loan Strategy to Address National Debt

The Namibia Progressive Party has announced its intention to borrow N$30 billion from global lenders to tackle the country’s national debt if they secure presidential power. Namib Pulse says, of this amount, N$15 billion will be directed towards reducing part of the N$165.8 billion national debt, while the remaining N$22 billion is earmarked for infrastructure projects aimed at generating revenue to further pay down the debt. Penda Negonga, Co-Founder of NAPPA, stated, that the N$30 billion would be borrowed from global money lenders through loans and bondsand they will ask the Government Institutions Pension Fund to provide a guarantee to put the money lenders at ease.

Written by: Leonard Witbeen

Co-Founder of NAPPA Future Media FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS NAMIBIA PROGRESSIVE PARTY NAPPA Penda Negonga

Rate it

First Gentleman says oil and gas under presidency a strategic move

(Contributed Photo) By: Josia Shigwedha Namibia’s First Gentleman,Denga Ndaitwah, says President Netumbo Nandi-Ndaitwah placed the country's oil and gas portfolio under her office to safeguard it from corruption, as it is one of the sectors most vulnerable to abuse. Speaking at a student workshop held at Triumphant College in Khomasdal, […]

9 April, 2025 17

Namibia

Namibia implements N$1.3 billion in climate projects, pushes for direct access to boost funding

By: Hertha Ekandjo Namibia is currently implementing climate change projects valued at approximately N$1.3 billion, funded through various international climate financing mechanisms. These initiatives form part of the N$4 billion the country has secured over the past decade through multilateral funding windows and bilateral cooperation. Environment ministry’s deputy director for […]

9 April, 2025 18