Namibia Makes Historic $750 Million Debt Repayment
In a bold move that signals fiscal discipline and economic maturity, Namibia has made a record one-day debt repayment of $750 million (approximately N$14.3 billion) the largest single-day debt maturity in the country’s history.
Why this matters:
✅ Reduces external debt and reliance on foreign lenders
Shifts borrowing to local markets, strengthening domestic financial systems
Boosts investor confidence in Namibia’s fiscal responsibility
Improves credit rating outlook (currently BB- by Fitch), potentially lowering future borrowing costs
This landmark repayment is more than just a financial transaction it’s a statement. Namibia is stepping up as a serious player in global finance.
#takestepafrica
Meanwhile abena Zambia failed to do so and are now insulting the man that is trying to attain this kind of trend.
Nambia may have has to make some cut backs. Or maybe have been prudent in the manner this loan money was spent. What we saw was “pwando”…party after party with ma plot B being found with unexplained sums of money. And have the gull to speak for some politicans; in hope to have their names cleaned and find themselves in the public limelight like they are somekind of “saints”. No! You are accompliances to a crime(s). Ba kabolala…who have deprived poor vulnerable citizens so that you can burn money, be outspoken, violently abuse others and live beyond what you have worked for…somehow it doesnt occur to you that there is something wrong with that.