19
May
Namibia faces a serious problem of re-paying the Eurobonds that will come due in October 2021. The time for outside professional, experienced professionals to address the problem has come. This cannot be done on the cheap. We are loathed to make this admission. We have always criticized government ministries about their dependence on foreign consultants. Since independence, Namibia has spent hundreds of millions in hard currency for consultants. Ministries have paid consultants to do their jobs for them over 30 years. Consultants contracted for a month to help write one document, were given every assignment under the sun. Consultants paid…