Category: National
Medical Aid Funds Face Operating Losses
By: Hertha Ekandjo Namibia’s medical aid funding industry is facing significant financial strains attributed to operational losses recorded by many medical aid funds, causing industry concerns. The cumulative reserve levels of all medical aid funds is also a cause for…
Angola, Nigeria Resist Oil Production Cut Plans
By: Nghiinomenwa-vali Erastus Angola and Nigeria have expressed their intent to defy the directives by the Organisation of the Petroleum Exporting Countries and Allies (OPEC+) urging member states to reduce oil production in an attempt to stabilise the market. The…
Decline in Local Travels Irks Hospitality Association
By: Justicia Shipena The Hospitality Association of Namibia (HAN) has reported a decline in local travel for the current year, indicating a departure from the trend observed in 2019. Gitta Paetzold, the organisation’s CEO, expressed concern over the relatively low…
Shift In Investments Focus To Impact Fuel Prices
By: Justicia Shipena The declining trend of investments into oil and gas attributed to the global emphasis on reducing carbon emissions and protecting the environment is one the factors influencing oil prices hikes. This is according to Petroleum Economist…
Opening of Borders to Foreign Workers Is Governed by Law, Not Market Forces
By: Nghiinomenwa-vali Erastus The decision to permit or deny foreign workers to come and work in Namibia for a certain period is solely within the discretion of the Immigration Selection Board (ISB). This decision is guided by Namibia’s Immigration…
Police Gets 113 New Fleet Worth Over N$100 Million
By: Hertha Ekandjo The government has spent nearly N$100 million to procure a new fleet for the Namibian Police Force which has been battling challenges of lack of adequate transport for years. The new fleet comprises 113 vehicles, three…
Namibia Eyes N$372 Billion for a Sustainable Fuels Industry
By: Justicia Shipena Namibia is eyeing a financial commitment exceeding U$20 billion (N$372 billion) to establish a thriving green fuels industry. President Hage Geingob unveiled this ambitious plan during the high-level segment of the 28th Conference of Parties (COP28) to…
Govt Faces N$34.5 Billion Debt Repayment Challenge
By: Nghiinomenwa-vali Erastus The government faces the substantial task of repaying N$34.5 billion to investors as its bonds mature over the next four years. Bonds due for repayment in this obligation include GC24, GC25, GC26, GI25, GI27, and Eurobond 2025….
N$200 Million To Recruit New Teachers Has Already BeenSpent – Steenkamp
By: Annakleta Haikera The Ministry of Basic Education has revealed that the N$200 million earmarked for the recruitment of unemployed teachers has already been utilised. Responding to protests by hundreds of teachers who decry what they perceive as a teacher…
Kavango Communal Farmers Prepare for 2024 Crop Season
By: Annakleta Haikera As the rainy season unfolds, communal farmers in both Kavango regions are actively ploughing their fields in anticipation for the millet and maize season. However, some farmers are still finding it difficult due to limited access to…