Tag: Namibia economy

The money will support infrastructure projects, job creation and private-sector expansion through 2030. 
BusinessTechnology

Namibia secures $1.78 billion in fresh AfDB funding

At a Glance Namibia has locked in $1.78 billion in fresh funding from the African Development Bank Group, a move that sets up one of the country’s most ambitious investment drives in years. The money will support infrastructure projects, job creation and private-sector expansion through 2030.  The approval comes as many households remain under pressure. Youth unemployment still sits above…

Oluwatosin Alao Oluwatosin Alao
Namibia’s Finance Minister delivers remarks at a news briefing in Windhoek after the country’s $750 million Eurobond repayment.
BusinessLuxury

Namibia turns inward after settling $750 million Eurobond

At a Glance Namibia has drawn a line under one of the biggest financial obligations in its history, repaying a $750 million Eurobond that had weighed on its public finances for nearly a decade. The redemption marks a turning point for the southern African nation, signaling its intention to rely more on domestic markets rather than external borrowing.  Finance Minister…

Oluwatosin Alao Oluwatosin Alao