Nanyeni calls for debt to fund development, not consumption

NAMPA

2025-04-16

WINDHOEK, 15 April 2025 - Swapo Party Member of Parliament, Fenni Nanyeni. (Photo: Andreas Thomas) NAMPA

OMUTHIYA, 16 APR (NAMPA) – Swapo Party member of Parliament (MP) Fenny Nanyeni has called for Namibia’s borrowing strategies to prioritise capital formation over consumption during her contribution to the 2025/26 national budget debate.
Nanyeni expressed concern over the N.dollars 13.7 billion allocation for debt servicing out of the total N.dollars 106.3 billion budget for the current financial year.
Speaking in the National Assembly on Wednesda...

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