Jun 30

Nampower looking for a debt sponsor

NamPower is looking for a debt sponsor to help it register a N$ 5 billion bond program on the Namibian Stock Exchange to finance renewable energy development of up to 250 megawatts over the next five years. With the company’s managing director saying they are in advanced negotiations with the German KfW Development Bank; French Development Agency, AFD; and the World Bank, we contacted NSX CEO, Tiaan Bazuin, for comment.