Author: Staff Writer
Leisure Tourism Dominates with 93.1% of Visitors in March
By: Staff Writer Leisure tourism continued to be the driving force behind the local tourism industry, attracting 93.1% of all visitors in March 2024. Across all hospitality establishments nationwide, the occupancy rate reached 49.2% during the month, marking…
Madison Metals Identifies Drill Targets with Recent Results
By: Staff Writer Uranium exploration company Madison Metals has reported an expansion in the surface expression of radiometric D-type leucogranites, a promising rock formation prevalent in the area. Of notable importance is the increased surface expression of mineralized…
Construction of the Trans-Kalahari Railway Expected to Commence by 2026
By: Staff Writer Construction on the much-anticipated multibillion-dollar Trans-Kalahari Railway is expected to start by 2026. This was revealed by Hippy Tjivikua, CEO of the Walvis Bay Corridor Group (WBCG). In 2022, Minister of Works and Transport, John…
Namibia Makes 200 New Millionaires
By: Staff Writer Namibia has cemented its position in the top 10 wealthiest countries in Africa in terms of millionaires, with an additional 200 millionaires reported since last year. According to the latest 2024 Africa Wealth Report by…
Shiimi Sets NamRa’s Collection Target at N$85 Billion …taxpayers refunded N$10.4 billion
By: Staff writer The Namibia Revenue Agency (NamRa) has adjusted its revenue collection target from N$81 billion to N$85 billion, as revealed by the agency’s Commissioner, Sam Shivute. Over the last three years since its inception, NamRa’s collection targets…
Vehicle Sales Soar in March
By: Staff writer March 2024 witnessed the highest vehicle sales since July 2016, with 1,451 units sold last month, just 89 units shy of the 1,540 sold in the same month eight years ago. Out of the 1,451…
Hyphen Invests N$40.4 Million in MetMast Measuring Equipment
By: Staff Writer Hyphen Hydrogen Energy is investing N$40.4 million (€2 million) in its MetMast Measuring Campaign, utilising meteorological masts (MetMasts) to precisely model the energy yield of wind and solar resources for the optimised design of a…
Namibian Economy Expected to Slow by 3.7% This Year
By: Staff Writer The Bank of Namibia projects that the economy will decelerate to 3.7% in 2024 before rebounding to 4.1% in 2025. The central bank attributes this anticipated slowdown primarily to weaker global demand and slower growth…
Mbumba Calls on Southern Leaders to Promote Youth Education for Emerging Sectors
By: Staff Writer President Nangolo Mbumba has called upon leaders in the southern regions to prioritise education for their youth, emphasising the importance of higher education in preparation for the burgeoning green hydrogen and oil and gas sectors set…
Old Mutual Group Reports N$91 Million Increase in Investment Returns in Namibia
By: Staff Writer The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year. This was primarily fueled by higher interest rates…