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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…
Uis Lithium Ridge Licence Area Produces High-grade Spodumene Concentrate
By: Staff writer Andrada Mining has produced high-grade lithium spodumene concentrate from mineralised pegmatite material, marking a significant turn in its exploration and development efforts. The discovery was sourced from its Lithium Ridge licence area, located about 35km southeast of…
Do Not Share Your Banking PINs Or OTPs With Anyone – Banks Included
By: Johnny Truter In the past, bank robbers were brazen. They used weapons and physical intimidation to instil fear into staff, security guards and any customers who were in the branch. Their timing was considered. They would strike on the…
Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments…
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…