Category: Business
Social Grants To Cost Govt N$850 Million
By:Daniel Ndumba Minister of Finance Iipumbu Shiimi says all the increases in grants recently announced by government will cost N$850 million. The Food Bank grant, which was recently converted to a cash grant, has gone up from N$500 to N$600,…
Vehicles Sales Highest In Over A Year
By:Staff writer Vehicle sales have seen the highest level since March 2022 after 1,103 units were sold in February after a weak start in 2023. In comparison, with 883 units sold in February 2022, this indicates a 24.9% year-on-year increase….
MP Wants Geingob Declare State Of Emergency On Youth Unemployment
By:Justicia Shipena Popular Democratic Movement (PDM) member of parliament Inna Hengari has called on President Hage Geingob to declare a state of emergency on the youth unemployment crisis during his State of Nation Address (SONA). Youth unemployment in the country,…
Mokuti Etosha Get A New Face And Feel …promises experiences and adventures
By:Nghiinomenwa-vali Erastus O&L Leisure has given a facelift to its Mokuti Etosha Lodge with promises to offer ultimate safari. In a statement released early this week, the group announced that the lodge’s reception, main restaurant, and pool bar area, including…
Roads Authority Namibia Safeguards Its Data With Paratus
By:Staff writer Roads Authority Namibia (RA) is the latest client to sign up to the new Paratus Namibia Armada Data Center (DC) in Windhoek. The RA’s data migration process was fast-tracked in under 24 hours and sees Paratus now providing…
Nampower Localised Preferential Procurement Increased By N$87 Million
By:Nghiinomenwa-vali Erastus Nampower has procured more from local entrepreneurs, especially those that are owned by previously disadvantaged Namibians, during the 2022 financial year. According to the power utility’s annual report, the company has increased its localised preferential procurement by N$87…
The NCA-Export Sabotage Is Not True- LPO
By:Nghiinomenwa-vali Erastus The Livestock Producers Organisation (LPO) claims news on white commercial farmers sabotaging Meatco is “malicious” and “absurd”. LPO saysthe allegation is a ploy to detract away from the genuine concerns of producers and it will support investigations that…
Namibia Can Protect Its Financial System – !Gawaxab …as South Africa encounters grey listing from FATF
By:Justicia Shipena Bank of Namibia (BoN) governor Johannes !Gawaxab says Namibia is better positioned to safeguard its interests and protect its financial system. !Gawaxab said this is due to its demonstrable political will and widespread support from stakeholders. The BoN…
Ruacana Hydro Slumped To Lowest Energy Generation In Ten Years…as the call to de-risk the country from its Ruacana over-reliance grows louder
By:Nghiinomenwa-vali Erastus Ruacana Power Station energy generation 780.15 GWhduring 2022 was the lowest recorded for the past 10 years, Nampower said in its report covering the financial year ended 30 June 2022. This is as opposed to 1,505 GWh generated…
National Housing Enterprise Appoints New Board
By:Laban Rasalus Minister of Urban and Rural Development Erastus Uutoni has charged the newly appointed National Housing Enterprise (NHE) board to rise to the occasion and to do everything within their power and competence to re-position and help the entity…