Author: Uaueza Kanguatjivi
Circulation Concerns Raised Over New N$60 Banknote
By: Uaueza Kanguatjivi Financial analysts have raised concerns over the circulation challenges the new N$60 banknote may pose, following its launch last week. The N$60 Dr. Hage Geingob commemorative bank note was launched to honour the late Head of…
N$62 Million Spent on Maerua Mall Expansion Project
By: Uaueza Kanguatjivi Oryx Properties has spent N$62.3 million on its Maerua Mall development project thus far, following N$38 million capital expenditure on the project during the six months between 1 July and 31 December 2024. The property firm has…
GIPF Sued for N$228 Million For Investment Decision
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) is embroiled in another dispute, this time with Baobab Capital, a now-defunct Namibian investment firm. This comes after the company filed a lawsuit against the Fund, demanding N$228 million in damages….
GIPF Says It Will Protect Its Assets After Court Loss
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) says it remains resolute in protecting its investments and assets and maintaining public transparency. This comes after the High Court last week dismissed the Fund’s urgent application to prevent fund…
Itula Concedes Election Results
By: Uaueza Kanguatjivi Independent Patriots for Change (IPC) leader Panduleni Itula has conceded the 2024 Presidential elections. This comes after a five-judge bench of the Supreme Court on Friday threw out Itula’s case in which he sought to have…
Court Favors Myrtle in N$450 Million GIPF Shares Dispute
By: Uaueza Kanguatjivi Myrtle Growth Capital has won a court battle in which the Government Institutions Pension Fund (GIPF) filed an urgent application to stop it selling or liquidating shares worth N$450 million held by the Namibia Mid-Cap…
Shiimi Raps NIDA Over Knuckles For N$3 Billion Non-Performing Assets
By: Uaueza Kanguatjivi, David Shoombe Finance Minister Iipumbu Shiimi has urged the Namibia Industrial Development Agency (NIDA) to use its N$3 billion worth of assets to drive sustainable growth. This comes after the entity reported a N$102 million loss…
TVET Centres to Offer Diplomas to Meet Industry Demands
By: Uaueza Kanguatjivi Namibia is set to upgrade its Technical and Vocational Education and Training (TVET) centres from certificate programs to diploma-level education, aligning with industry demands and job creation goals. This was announced by Minister of Higher…
Only N$78.7 Million Claimed from N$365 Million GRN Electricity Subsidy
By: Uaueza Kanguatjivi The Electricity Control Board (ECB) has disbursed only N$78.7 million to electricity distribution license holders from the N$365 million allocated by the government last year. The allocation for the 2024/2025 financial year, effective from 1…
EV Charging Infrastructure Framework Set for April Implementation
By: Uaueza Kanguatjivi and Dolly Menas The Electricity Control Board (ECB) CEO, Robert Kahimise, has announced that the implementation plan for Namibia’s Electric Vehicles (EV) Charging Infrastructure Regulatory Framework will commence in April 2025. Kahimise stated that the…