By: Justicia Shipena
The Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, announced that Namibia has implemented measures to fulfill its Eurobond obligations.
This statement was made during his meeting with representatives from the London Stock Exchange on Thursday.
In his address to bankers, analysts, and representatives of the London Stock Exchange, !Gawaxab provided reassurances regarding Namibia’s USD 750 million (approximately N$14.3 billion) Eurobond, which is listed on the London Stock Exchange and scheduled for repayment towards the end of 2025.
Issued during the presidency of Hifikepunye Pohamba in 2011, this Eurobond has been a notable entry in Namibia’s financial records.
The funds raised were allocated to various projects, including the National Housing Enterprise housing initiative.
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