By: Nghiinomenwa-vali Erastus
Over the past week, the private sector has submitted several bids totaling N$3.1 billion to lend money to the government through bonds and Treasury Bills (TB).
This information is based on the auction results for 14 bonds held on July 24, 2024, and the four TB auctions held on July 25, 2024.
On July 19, 2024, the Bank of Namibia, which borrows on behalf of the government, invited those with savings and funds to lend to the government as a platform for growth.
Specifically, the government aimed to borrow N$395 million through 14 bonds on July 24 and N$1.3 billion through Treasury Bills.
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