NWR clears N$93 million statutory debts

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Namibia Wildlife Resorts (NWR) has cleared all statutory debts, amounting to over N$93 million, including historical tax payments owed to the Namibia Revenue Agency (NamRa).

NWR announced its debt-free milestone in a media statement after settling all its outstanding long-term and statutory debts successfully, some of which date back to its foundation.

These debts included financial obligations to both development financial institutions and commercial funding organisations, posing a long-standing financial challenge for the company.