CoW set to lose N$524 million through debt relief program

Erasmus Shalihaxwe The City of Windhoek (CoW) Council has announced a debt relief program for eligible residents and businesses, which will see the city losing a total amount of N$524 million of revenue. Deputy Mayor, Joseph Uapingene announced this yesterday while giving highlights from the Ordinary Council meeting held last week. He said the program will offer 100 percent interest cancellation for pensioners and 50 percent interest cancellation for businesses, residential debtors and other debtors. “The program will start in 2024, and the exact date and application details will be shared with the public later. The council hopes that this…