By: Nghiinomenwa-vali Hangala
The Bank of Namibia, on behalf of the country treasury, has announced that it has changed its plan to borrow N$2 billion from outside because the domestic market is full of capital looking for growth avenues.
The central bank announced the move during a tender auction for 16 internal registered bonds, including inflation-linked ones.
The central bank announced that “considering the robust liquidity levels in the domestic market and the interest shown by domestic investors for tapping into local bonds, the government has resolved to reallocate a total of N$2.0 billion previously envisaged to be funded through foreign financing to the domestic market.”
This will adjust the government funding for the 2025/26 financial year (FY) to N$23.2 billion to be sourced from the domestic market, and N$6.6 billion from external sources. This is an increase from N$21.2 billion, which the government indicated that it would borrow from the domestic market, leaving N$8.6 billion to be financed through external sources in the FY2025/26 Borrowing Plan.
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