Africa Links 24 with Timo Shihepo
Published on 2025-04-09 17:00:00
Transnamib has allegedly hand-picked RedForce Debt Management to collect over N$100 million owed to the national railway company.
TransNamib’s 2020/21 annual report showed its debt book previously stood at N$75 million, with an additional N$25 million written off as bad debt.
The company’s outstanding debt has since ballooned to more than N$100 million, prompting it to outsource collection services through a 12-month contract.
Yesterday’s announcement of RedForce as the…
Read the Full article on The Namibian
