Namibia’s foreign assets rose to N$288 billion in Q3, up 13.8% year-on-year, driven by portfolio investments and reserves, according to the Bank of Namibia. Foreign liabilities also grew 17.2%, reaching N$284.7 billion, boosted by direct investments in oil exploration. Meanwhile, gross external debt declined by 2.1% quarterly due to repayments of multilateral loans, including N$585.1 million to the IMF, and the strengthening of the Namibian dollar.
