Walvis Bay to write off N$60.7 million debt

The municipality of Walvis Bay has “in principle” approved the writing off of N$60.7 million of debt owed by pensioners and customers.This represents 17% of the N$347 million total outstanding debt owed to the municipality as on 28 February 2022.The monetary value of the write-off includes all outstanding debts of registered pensioners (which amounts to N$6.7 million), as well as all outstanding interest on improved residential properties (N$54 million) from the date when the interest started accumulated up to the end of February 2022. According to the minutes from the last council meeting, 102 369 customers and 1 026 pensioners will benefit from written-off debts. The decision to write off the N$60.7 million was taken by the municipal council to offer financial relief to both single residential and business ratepayers of the harbour town.“The combined total of 103 395 represents 3 – 5 lines per customer, depending on the service type. These documents are quite voluminous and due to the confidential nature of debt, no attachments are hereby made to this addendum,” it is stated in the council minutes. According to the minutes, some pensioners are not currently registered on the council’s database. Such cases will be handled as they surface.– nikanor@erongo.com.na

Walvis Bay to write off N$60.7 million debt

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Republikein 2026-03-20

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Walvis Bay to write off N$60.7 million debt

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