Author: Nghiinomenwa-vali Erastus
Mobile Broadband Usage Declines …of 2.6 million registered SIM cards, only 1.6 million are used for the internet
By: Nghiinomenwa-vali Erastus Internet use through mobile phones by the 2.6 million registered SIMs declined by 3 % at the end of last year. This resulted in a decrease in the percentage of SIM cards utilised for internet access…
More than 86% of Energy Costs Driven By Imported Electricity…as the country struggles to increase capacity
By: Nghiinomenwa-vali Erastus, David Shoombe, Justicia Shipena Electricity imports will cost Namibia N$8.8 billion between January 2024 to December 2025, highlighting the country’s energy dependence. This represents over 87% of Namibia’s annual electricity costs, while it will only cost…
Swakop Uranium Workers to Acquire Shares Through Payroll Deduction
By: Nghiinomenwa-vali Erastus NAMITVEST Investment Holdings and Swakop Uranium have entered into a groundbreaking payroll deduction agreement that allows mineworkers to invest in shares, promoting the creation of generational wealth. The agreement, signed last Thursday at Husab Towers…
Namibia Running Out of Time on Beneficial Ownership Filing
By: Nghiinomenwa-vali Erastus Namibia’s bid to exit the Financial Action Task Force’s (FATF) greylist is at risk due to delays in implementing beneficial ownership regulations, despite progress on other compliance issues. The country has made strides in addressing…
Cancer Cases Rise to 4,100 Per Year
By: Nghiinomenwa-vali Erastus Namibia has found itself amid a cancer crisis as 4,100 new cases (including superficial skin cancers) are diagnosed per year. Of these new cases, 3,453 are invasive cancers, with an estimated 1,940 deaths as a result…
Half a Million Individual Clients Have Bank Loans
By: Nghiinomenwa-vali Erastus Of the 706,275 economic participants who borrowed money from commercial banks by the end of last year, around 555,098 are individuals clients. Data analysed from the central bank, however, indicates that some of these individual clients…
GIPF Enforces Biometric Proof of Life Verification
By: Nghiinomenwa-Vali Erastus The Government Institutions Pension Fund (GIPF) has called on pensioners, children, and spousal beneficiaries to complete their biometric verification to confirm they are still alive. In a statement released this week, GIPF reminded beneficiaries that…
N$1.28 Billion Heavy Fuel 54 MW Power Station To Be Commissioned
By: Nghiinomenwa-vali Erastus NamPower will officially commission the second phase of its N$1.28 billion Anixas II Power Station at Walvis Bay, which is expected to contribute approximately 54 MW to the national power grid. The commissioning of phase…
Major Economies Expanding Their Nuclear Energy Shares … Bannerman Energy poised to capitalise
By: Nghiinomenwa-Vali Erastus Major economic powers worldwide are ramping up their nuclear power generation capacity to meet the rising electricity demand in their respective countries. The nuclear sector’s momentum, driven by global decarbonisation commitments and the rising energy…
None of the Regions Achieved 40% in NSSCAS
By: Nghiinomenwa-Vali Erastus and Uaueza Kanguatjivi The National Senior Secondary Certificate Advanced Subsidiary (NSSCAS) results indicate that none of Namibia’s 14 regions managed to qualify at least 40% of their learners to advance to Grade 12. The latest…