Author: Nghiinomenwa-vali Erastus
Alweendo Imposes Moratorium on Power Export License Applications
By: Nghiinomenwa-vali Erastus Minister of Mines and Energy, Tom Alweendo, has imposed a moratorium on the issuance of generation licences for export purposes. Effective from March 5, 2024, this temporary suspension will last for 18 months or until the…
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration…
Severe Water Scarcity Expected in Windhoek Soon
By: Nghiinomenwa-vali Erastus The City of Windhoek has issued a warning, indicating that due to water supply challenges in the central region, it will soon be compelled to declare a state of severe water scarcity, categorised as Category…
Finance Ministry to Regulate Banking Fees … commercial banks rake in N$4.5 Billion in non-interest income including fees and charges
By: Nghiinomenwa-vali Erastus The newly enacted Banking Act empowers the Minister of Finance and Public Enterprises to regulate fees and charges imposed by banking institutions on their customers. This was revealed in the 2023 annual report of the…
Average House Price Stands At N$1.2 Million
By: Nghiinomenwa-vali Erastus By the end of December 2023, the average or most common house on the market cost N$1.21 million, slightly higher than the N$1.19 million recorded during the corresponding period in 2022. This was revealed by…
Lüderitz Presents Opportunities for Economic Diversification
By: Nghiinomenwa-vali Erastus Various industries such as oil and gas, as well as green hydrogen, planned for the //Karas Region, with many centred around the Lüderitz local authority, are poised to elevate Namibia’s diversification efforts. During his visit…
Loan Repayments Strain Individuals as Economy Faces Challenges
By: Nghiinomenwa-vali Erastus The Bank of Namibia’s recent annual report paints a troubling picture of the country’s economic landscape, with non-performing loans (NPLs) reaching N$6.5 billion by the end of 2023. Of these loans, 51% are attributed to…
Windhoek to Exchange Land for Government’s N$700 Million Debts
By: Nghiinomenwa-vali Erastus The Windhoek City Council has decided to offer 358 hectares of land valued at N$358 million as settlement for a historical loan of N$357.7 million owed to the central government. Additionally, the accrued interest on…
Rhino Poaching Irks Tourism Stakeholders
By: Nghiinomenwa-vali Erastus Numerous tourism stakeholders are expressing growing concern over rhino poaching and are urging intensified efforts to protect the endangered wildlife and enhance conservation endeavours. This call comes after 28 rhinos were poached from national parks…
Bank Windhoek Volleyball Tournament Attracts 487 Players
By: Nghiinomenwa-vali Erastus The 40th anniversary Doc Volleyball Tournament showcased the vibrancy of the sport economy, with 35 teams competing across men’s and women’s categories, totaling 487 players. Hosted by the Namibian Volleyball Federation (NVF) at The Dome…