Eighteen months before it is due to repay a Eurobond of US$750 million (N$14,3 billion), the government is strategising on how to repay the debt it took on in 2011. Finance minister Iipumbi Shiimi during his 2024/25 budget on Wednesday said the government has a significant amount of debt that needs to be paid back,...
Eighteen months before it is due to repay a Eurobond of US$750 million (N$14,3 billion), the government is strategising on how to repay the debt it took on in 2011. Finance minister Iipumbi Shiimi during his 2024/25 budget on Wednesday said the government has a significant amount of debt that needs to be paid back,...
With significant portion of the government debt is due for repayment, government is edging closer to its largest maturity, the US$750 (N$14.3 billion) Eurobond due on 29 October 2025 which will be the largest single day debt maturity in the history of the country. According to Simonis Storm, debt servicing metrics, although stabilizing, remain above...