Category: Investment
N$37 Billion Smart Rail Project Planned for Northern Namibia
By: Justicia Shipena Afrail Inc., a subsidiary of New York-headquartered Abba Platforms Inc., secures approval from the Namibia Investment Promotion and Development Board to develop an urban rail transit system in Northern Namibia. The ambitious project aims to enhance connectivity…
MTC Receives N$31 Million in Subsidy to Enhance ICT Infrastructure
By: Nghiinomenwa-vali Erastus The government through the Communication Regulatory Authority of Namibia has allocated N$31 million in subsidy to the Mobile Telecommunication, (MTC) to develop nine telecommunications sites. The sites will be built in the various Regions that are…
NSS Take Stock on Its Contribution to Research and Information Access
By: David Shoombe In marking its 100th anniversary the Namibia Scientific Society (NSS) said it has made progress in systematic scientific research, ensuring the availability of information and advising administrative bodies. On Friday, the institution marked its 100th anniversary, and…
N$12 Million for Kharas and Hardap Regions Electrification Plan
By: Uaueza Kanguatjivi The Ministry of Mines and Energy has allocated N$12 million for rural electrification projects in the Kharas and Hardap Regions for the 2025/26 financial year. The funding aims to expand electricity access to more rural…
300 Potential Jobs Affected Over Alleged GIPF Investment Decision
By: Uaueza Kanguatjivi Investment company Baobab Capital says over 300 potential jobs will not materialise due to the Government Institutions Pension Fund (GIPF) terminating a N$140 million investment agreement four years ago. The company was deregistered by the Namibia Financial…
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…
A Second Chance at Life, Inspired by FNB Namibia
By: Staff writer Not too long ago, Mario Diergaardt found himself at rock bottom. He had lost all his belongings and was living on the streets of Windhoek. Due to a crippling alcohol addiction, Diergaardt would sleep on cardboard…
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…