Home Africa Namibia: Govt pumps N$700 million into Meatco in two years – News

Namibia: Govt pumps N$700 million into Meatco in two years – News

Namibia: Govt pumps N0 million into Meatco in two years – News

Africa Links 24 with Tracy Tafirenyika, The Namibian
Published on 2024-08-21 17:00:00

Minister of finance and public enterprises Iipumbu Shiimi says the government pumped N$700 million into the Meat Corporation of Namibia (Meatco) from 2021 to 2023 – money which could have been spent on other national priorities.

Shiimi disclosed this figure to The Namibian on Friday.

“Between 2021 and 2023, the government has made available about N$700 million to service and repay Meatco’s debt obligations, as well as to support its operations,” he said.

The finance…

Read the Full article on The Namibian

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