By: Nghiinomenwa-vali Hangala

The government has cumulatively borrowed a total of N$149.0 billion from domestic lenders/investors as at the end of January 2026, the Bank of Namibia’s domestic debt updates show.

This represents an increase of more than N$8 billion from June 2025, with the Q2 central bank report showing domestic debt stood at N$141.2 billion.

Domestic debt as a percentage of GDP now stands at 53.4 percent as of the end of January 2026. The increase in government borrowing highlights various aspects of the country’s fiscal position, revenue collection, return on government debts, market appetite, and availability of capital in the local economy.

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