02
Jul
Hertta-Maria Amutenja The Namibia Local Businesses Association (NALOBA) has criticised the government's reliance on foreign borrowing. NALOBA’s vice president, Peter Kanu Amadhila at the start of this week highlighted the national debt, which currently stands at N$153.8 billion, emphasising its potential impact on future generations. “It is irresponsible borrowing. Namibia is not supposed to be borrowing money from other countries,” he said. Amadhila said Namibia, which was once envisioned as a prosperous lender rather than a borrower, faces a concerning trend of prioritising borrowed funds over sustainable economic strategies. "Our country was supposed to be lending money to other countries!…