Author: Nghiinomenwa-vali Erastus
Domestic Capital Mostly Invested in Listed Equities and Debt
By: Nghiinomenwa-vali Erastus Most of the country’s N$289.9 billion capital that is deployed domestically through investment managers is invested in listed equities (shares) and debt instruments as of 31 March 2025, according to the Namfisa 2025 First Quarter…
Namdia Pushes for Larger Share of Rough Diamonds
By: Nghiinomenwa-vali Erastus The Namibia Desert Diamonds (Namdia) believes the country can earn significantly more from its diamond resources if the company is granted access to a larger share of rough diamonds. In its latest quarterly report, released…
Parliament Demands Banks’ Charges Impact Report
By: Nghiinomenwa-vali Erastus The Parliamentary Committee on Economy, Industry, and Public Administration, has asked the Central Bank to conclude the impact assessment of commercial banks fees and charges and share it with the Ministry of Finance. The governor…
Bycatch Threatens Pilchard Recovery
By: Nghiinomenwa-vali Erastus Regulators in the fishing industry have observed intentional pilchard bycatch affecting the recovery of the stock species. This was revealed in Parliament by the Minister of Agriculture, Land Reforms and Fisheries, Inge Zaamwani, on…
Rice Cultivation Can Reduce 28,317 Tons of Rice Imports
By: Nghiinomenwa-vali Erastus A market intelligence report by the Namibia Agronomic Board has revealed that the country’s growing importation of rice to meet local demand offers a significant opportunity for local producers and traders to supply the domestic market….
Construction of the N$1.6 billion Solar Power Station Begins
By: Nghiinomenwa-vali Erastus NamPower officially initiated the construction of its largest Solar PV Power Station to date yesterday, the100 MW Sores |Gaib Power Station – situated 33 km northwest of Rosh Pinah. The power utility revealed in…
N$135 million in Electrification Subsidies for Distributors
By: Nghiinomenwa-vali Erastus In an effort to increase access to electricity nationally from 59% to 70% by 2030, the government will allocate N$135 million and more in subsidies to electricity distributors. This includes N$8 million in subsidy for…
eSIM to Replace Physically SIM Cards
By: Nghiinomenwa-vali Erastus In the wake of the eSIM (embedded SIM) replacing traditional physical SIM cards globally, one of the local telecommunications facilitators has indicated that eSIM will be adopted gradually. Mobile Telecommunication (MTC), Senior Data Executive,…
Electrifying 206,000 Households Will Cost N$4.7 Billion
By: Nghiinomenwa-vali Erastus The national powerelectric utility company, NamPower, says it will need N$4.7 billion to electrify 206,000 households in both peri-urban and rural areas by 2030. This was revealed last month during the National Electrification Engagement with…
MTC to Invest Nearly a Million in Employees’ Side Hustles
By: Nghiinomenwa-vali Erastus The Mobile Telecommunications Limited (MTC) has committed to invest N$950,000 to support the part-time business ventures of its employees through the MTC Dreamers Program. The company announced the funding in a recent press release. Launched in 2021,…