Africa Links 24 with Timo Shihepo
Published on 2025-05-15 17:00:00
The Namibia Industrial Development Agency (Nida) has lost N$7 million in unpaid rent after years of delays in evicting a tenant from a Windhoek property.
The state-owned agency has failed to collect rent from the tenant, a businessman, since 2015.
Nida, previously known as the Namibia Development Corporation (NDC), recorded a loss of N$102 million in 2024.
An investigation by The Namibian found that the involved property, measuring 1 425 square metres and located at Erf 197, Gold…
Read the Full article on The Namibian
