Namibia: Govt Moves to Clear Meatco’s N$212-Million DBN Debt

The Ministry of Finance and Social Grants Management has proposed an allocation of N$212 million in the 2025/26 financial year to settle the Meat Corporation of Namibia’s (Meatco) outstanding loan with the Development Bank of Namibia (DBN) and to enhance the corporation’s operational liquidity.

Finance minister Ericah Shafudah, presenting the budget motivation in parliament, said the funding is aimed at stabilising Meatco’s financial position.

“The allocation is intended to fully settle Meatco’s…