24
Apr
Niël Terblanché Reports and statements wanting to create a picture of Namibia being sold out to China by accepting too many loans are factually incorrect and deceptive. Despite Namibia finding itself in a situation where public debt has reached levels, only a small percentage of the total debt is owed to China. The country has never owed more than three percent of the total debt to China and the last loan of any significance from that country was given in 2017. According to the World Economic Forum, Namibia is at the bottom of a list of 20 countries where foreign-funded…