A significant portion of government debt is due for repayment over the medium term.

The N$14.3 billion Eurobond, due on October 29, 2025, is the largest single-day debt maturity in the history of Namibia.

Tabling the national budget in the National Assembly, Finance and Public Enterprises Minister Iipumbu Shiimi pointed out strong growth in the gross domestic product, supported by improvements in tax collection measures by the Namibia Revenue Authority. These, he said, have led to significant improvements in several revenue streams. 

The Chairperson of the Otjinene Village Council, Lesley Kauandara, says plans to have the village graduate into a fully-fledged town council in 2025 are on track.

Kauandara shared this in an exclusive interview with the nbc News team at Otjinene.

According to Kauandara, Otjinene has the potential to become a town council given the council's targets in land delivery to aid with developing the village with assistance from key partners.

The Chairperson added that housing provision and new businesses coming on board are a great leap for Otjinene.