Category: Top Stories
Mines Ministry Revamps EPL System
By: Justicia Shipena The Ministry of Mines and Energy is undertaking a strategic overhaul of its licensing application process to address challenges emerging from the country’s burgeoning oil discoveries. The shift aims to streamline operations, ensuring more efficient and effective…
Namibia’s SACU Membership Under Scrutiny Amidst Geingob’s Critique
By: Justicia Shipena In the aftermath of President Hage Geingob’s recent critique of the Southern African Customs Union (SACU) restrictions, questions have arisen about Namibia’s commitment to the partnership. Economist Omu Kakujaha-Matundu emphasises the necessity of a thorough evaluation before…
Govt To Borrow N$3.2 Billion in Five Months
By: Nghiinomenwa-vali Erastus The government plans to borrow N$3.2 billion from institutional and individual investors between October 2023 and March 31, 2024, to address a widened budget deficit and fulfil outstanding obligations. The borrowing will occur domestically through bonds and…
Plan in Motion to Address Namcor Governance Issues
By: Nghinomenwa-vali Erastus Namcor’s board of directors and management has admitted that the company’s weak risk management and governance loopholes were to blame for its inability to pay creditors. Acting Managing Director Shiwana Ndeunyema and Board Chairperson Jennifer Comalie briefed…
Namibia Stays Linked to Rand Amidst SA Banks Scandal
By:Hertha Ekandjo The Bank of Namibia says it plans to maintain the peg between the Namibian dollar and the South African rand, despite revelations of manipulation in the USD/Rand currency pair by certain South African banks. The scandal, dating…
Xinfeng Constructing a Lithium Processing Plant
By: Justicia Shipena Chinese mining company Xinfeng Investment (Pty) Limited says it is constructing a lithium processing plant in Namibia. Construction of Xinfeng’s lithium processing plant was first revealed by Chinese ambassador Zhao Weiping during a media briefing on Wednesday….
Northern OMAs/Retailers Defying Beef Procurement Orders
By: Nghiinomenwa-vali Erastus Government Offices, Ministries, Agencies, and private sectors north of the Veterinary Cordon Fence are disregarding directives to procure beef products from northern farmers. This defiance, according to a latest annual report by the Meat Corporation of Namibia,…
The Hunt for Gold: B2Gold At Crossroads
By: Justicia Shipena B2Gold says it has been unable to find profitable gold at its Otjikoto mine despite exhaustive efforts and thorough exploration. The inability to pinpoint lucrative gold deposits has prompted a reevaluation of the operational viability of the…
Amendments to Consider Full Maternity Pay
By: Nghiinomenwa-vali Erastus Minister of Labour, Utoni Nujoma has said proposals to extend maternity leave from 12 weeks to 20 weeks with full salaries can only be considered when the Labour Act is amended. Nujoma confirmed that the Labour Act…
Informal Traders Not Happy With Rising Bulk Prices
By: Justicia Shipena Informal traders have voiced concerns over their constrained ability to negotiate prices and other regulatory matters affecting their businesses. This limited bargaining power to negotiate prices with suppliers and regulators, negatively affects business in the…