Angola still to pay US$204 million

Deputy Reserve Bank Governor Ebson Uanguta has confirmed that Angola has managed to timely pay its debt to Namibia and is now left with an outstanding figure of US$204 million.

He could not indicate how much was the latest payment.

He however  said Angola is now left with payments which will be made in installments of US$51 million on the 26th of September, 26th of December, 26th of March 2018 with the final payment being made on the 25th of June 2018.

The latest payments from Angola have also significantly added to the reserve stock which currently stands at an all time high of N$32.7 billion.