Namibia: Investors Advised to Participate in Treasury Bill Auctions to Fund Govt Projects

Namibia: Investors Advised to Participate in Treasury Bill Auctions to Fund Govt Projects

The government does not borrow money for funding for projects from unsolicited bids through individuals, private companies or agents acting on behalf of private companies or individuals.

Govt rejects private unsolicited borrowing proposals – Windhoek Observer

Chamwe Kaira  The government says infrastructure funding must follow existing procurement and borrowing laws and cannot be sourced through unsolicited proposals from private individuals or companies. Ministry of Finance executive director Oscar Capelão said the ministry has recently received several funding proposals from private entities and agents representing investors interested in financing projects in Namibia. Some of the proposals include…