Author: Nghiinomenwa-vali Erastus
Govt to Borrow N$29.8 Billion This Year…N$21.2 Billion to Be Sourced Locally
By: Nghiinomenwa-vali Erastus The government plans to borrow N$29.8 billion during the 2025/26 financial year to meet its budgetary requirements and other financial obligations. Of this amount, N$21.2 billion will be raised from the domestic market, according…
Nam to Start Backing Currency with Gold
By: Nghiinomenwa-vali Erastus As part of its evolving foreign exchange reserve management strategy, the Bank of Namibia will begin accumulating gold to diversify and strengthen the country’s reserve assets. The central bank aims to allocate 3% of its foreign exchange…
UN Urges Namibia to Invest in Violence Prevention and Psychosocial Support
By: Nghiinomenwa-vali Erastus The United Nations (UN) office in Namibia has called for an urgent, compassionate, and collective national response to protect every child in the country. The call follows the brutal killings of two children and a young…
MTC Turns 30, Reaffirms Commitment to Social Investment
By: Nghiinomenwa-vali Erastus Mobile Telecommunications Limited (MTC) celebrated its 30th anniversary this week, marking three decades of service in Namibia’s telecommunications sector with a renewed pledge to support the country’s national development agenda through sustained socio-economic investments. Speaking at…
Namibia at High Risk of Cyberattacks in 2025
By: Nghiinomenwa-vali Erastus Namibia is at high risk of facing cyberattacks in 2025, according to the latest Financial Stability Report. The report, released by financial sector regulators, warns that cyber threats remain serious and are likely to occur within…
Local Content Success Depends on Access to Local Capital
By: Nghiinomenwa-vali Erastus Domestic financiers are key to making policies work that aim to boost local participation in complex sectors like oil and gas. Bank Windhoek’s Managing Director, Baronice Hans, made this clear when industry leaders met in Windhoek this…
US Dollar Reserve Global Dominance Shrinks
By: Nghiinomenwa-vali Erastus A summary done by the Bank of Namibia last week shows that the USA dollar’s dominance as a global reserve currency has eroded from over 70% in 2000 to 59% in Q1 2024. The USA dollar has…
Non-Bank Financial Sector Assets Near Half a Trillion Mark
By: Nghiinomenwa-vali Erastus The total assets of Namibia’s non-bank financial institutions reached N$474.1 billion by the end of December 2024, bringing the sector just a few million dollars shy of the half-a-trillion mark — and nearly three times the size…
Ruacana Supplies 84% of National Electricity in Early 2025
By: Nghiinomenwa Erastus For the first two months of 2025, the Ruacana Hydro Power Station has generated 84% of the country’s electricity. Reducing the country’s power imports to around 40%, which is contrasting to the usual picture experienced in the…
Windhoek Road Repairs Set to Cost N$15.2 Million
By: Nghiinomenwa-vali Erastus The City of Windhoek (CoW) has announced that it has earmarked approximately N$15.2 million for the repair of damaged road infrastructure across the capital. This was revealed in response to an opinion piece published by The Villager…