Across Namibia, a quiet crisis has taken root in the rhythm of ordinary life: workers who earn a salary but take home almost nothing, borrowers who move from lender to lender not to build something but simply to survive the debt they already carry. By the end of 2025, household debt had reached N$78 billion, and the human toll — measured not only in empty wallets but in mental anguish and lives lost — has drawn the country's parliament into a reckoning with whether its financial system protects or preys upon its citizens. The question before lawmakers is ancient and urgent at once: when the ru
Namibia's Debt Crisis: Households Trapped in Borrowing Cycle as Lawmakers Demand Action
Financial distress linked to mental health crises and suicide among Namibian citizens, including teachers and civil servants; some workers left with minimal take-home pay after debt servicing.