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Namibia: Okongo council’s N$1.1m loans hang over village – News

Namibia: Okongo council’s N.1m loans hang over village – News

Africa Links 24 with Martin Endjala
Published on 2025-10-30 15:00:00

The Okongo Village Council is owed N$1.1 million by 15 residents, after granting loans through the Build Together Project (BTP), an auditor general’s report for the financial year ended 30 June 2024 shows.

Auditor general Junias Kandjeke said the loan agreements were signed on 24 August 2023, but repayments have not yet begun.

This is despite the contracts stipulating that loan repayments were to begin on 1 March 2024 and be settled over a 20-year period, he said.

“This raises…

Read the Full article on The Namibian

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