Row rect Shape Decorative svg added to bottom Building Namibia’s fiscal strength through purpose-led partnership Absa | Corporate and Investment Banking > Insights and Events > Building Namibia’s fiscal strength through purpose-led partnership SHARE Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Absa Corporate and Investment Banking jointly arranged and led a ZAR 1.5 billion facility for the Government of the Republic of Namibia, contributing ZAR 750 million toward the transaction. This milestone financing marks one of the first commercial local-bank debt solutions of its kind, laying the foundation for deeper innovation and the continued development of Namibia’s domestic loan markets. This landmark transaction supports the government’s broader fiscal and budgetary priorities. By raising the facility in ZAR-pegged to the Namibia Dollar (NAD)-the government reduces its hard-currency exposure, enhances sovereign risk management, and strengthens fiscal stability while enabling greater participation in local-currency financing. Beyond the financing itself, this partnership demonstrates how well-structured, locally anchored solutions can drive financial independence and resilience across African markets. It sets a precedent for future innovation and contributes to sustainable economic growth on the continent. Our partnership reflects Absa’s belief in purpose-led collaboration. Through solutions that deepen domestic capital markets and reinforce financial resilience, we remain committed to advancing Africa’s long-term prosperity. Contact Vivian Groenewald https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more DEALS Partnering to continue harnessing wind power for a greener future Absa Corporate and Investment Banking (CIB) is proud to have acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider for the R5 billion financing of Seriti Green’s 155MW wind project, which will supply clean, reliable power to NOA over the next 25 years. NOA is a leading renewable energy independent power producer and aspirant energy trader owned by the Old Mutual Group through the Africa Infrastructure Investment Managers (AIIM) and the IDEAS Fund. Read more
