|
Getting your Trinity Audio player ready...
|
Summary
President Netumbo Nandi-Ndaitwah has achieved a major milestone with Namibia’s historic $750 million Eurobond repayment, the largest in the nation’s history. The repayment strengthens investor confidence and supports her broader vision for a fair and stable Namibian economy.
President Netumbo Nandi-Ndaitwah has led Namibia to a historic financial milestone with the full repayment of a $750 million Eurobond, the largest single-day debt maturity in the nation’s history. The landmark payment places Namibia’s growing reputation for fiscal discipline and prudent economic management.
The repayment, part of a Eurobond issued in 2015, was made entirely from the country’s foreign reserves. This move reflects strategic planning and effective debt management under the Nandi-Ndaitwah administration.
By honouring its obligations in full and on time, Namibia has strengthened investor confidence and signalled to global markets its ability to maintain macroeconomic stability even amid a challenging global financial climate.
President Nandi-Ndaitwah praised the achievement as a testament to Namibia’s economic resilience and her government’s commitment to responsible governance. “This milestone affirms our nation’s credibility and stability in the global financial arena,” she said.
The successful repayment could boost Namibia’s credit rating and attract more foreign investment in areas like energy, logistics, and green hydrogen.
President Nandi-Ndaitwah has made notable progress since being sworn in as President on March 21, 2025. She has announced plans to scrap tuition and registration fees at public universities starting in 2026. The initiative will also cover technical colleges and vocational training centres, extending Namibia’s free education policy beyond the secondary level.
Together, these reforms mark a new phase in President Nandi-Ndaitwah’s plan to build a fair and stable Namibian economy.
