Africa Links 24 with The Brief
Published on 2025-05-28 11:16:47
The Namibian government has spent around N$730 million on the Meat Corporation of Namibia (Meatco) over the past four years, with most of the funds going towards settling the company’s debts.
According to Foster Digital Education, 71% of the funding, equivalent to N$519 million, was used to repay loans, while the remaining 29%, or N$211 million, was allocated as grants to support Meatco’s operational costs.
“The N$519 million for settled loans covers two Development Bank of…
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