Namibia is turning its attention to domestic borrowing following the successful redemption of its $750 million Eurobond, which matured this month, according to a statement from the Ministry of Finance and Public Enterprises.
The ministry confirmed that the government fully repaid the Eurobond issued in 2015, using a combination of foreign reserves and funds raised through domestic instruments. As reported by Reuters, the move signals Namibia’s strategy to reduce exposure to external debt and strengthen its reliance on local capital markets to finance future budget needs.
Finance Minister Iipumbu Shiimi said the decision marks “a major step in ensuring debt sustainability and improving fiscal resilience.” He added in comments published by Bloomberg that the government would prioritize local-currency instruments and deepen the domestic investor base. “Our focus is now on developing a stronger, more liquid domestic market that supports long-term growth,” Shiimi stated.
Analysts cited by Business Insider Africa noted that Namibia’s ability to meet its Eurobond obligations without refinancing through new external debt sends a positive signal to investors about the country’s fiscal discipline. The shift to local borrowing is also expected to mitigate currency risks and stabilize public finances amid global economic uncertainty.
