Category: National
NBL Net Profit Drops After Heineken Takeover
By: Hileni Inane Namibian Breweries Limited (NBL) announced that its net profit after tax has declined by over 90% year-on-year, primarily due to significant one-off gains in 2023 from the sale of shares in Heineken. Despite this sharp…
Namcor Repays Half of N$1,1 Billion Debt
By: Staff writer Namcor says it has spent N$550 million to settle some of its N$1,1 billion debt to international oil seller Gunvor. This comes after the company received a N$1.2 billion lifeline from state coffers. Namcor said…
More Than 600,000 Micro Lending Loans Issued in 2023
By: Nghiinomenwa-vali Erastus Registered microlending entities in Namibia issued a total of 665,290 new loans with a combined value of N$3.6 billion in 2023. This represents a slight increase of 0.8% compared to the previous year, according to…
Analyst Raises Concerns Over Green Hydrogen Financing
By: Justicia Shipena Namibia’s investment in green hydrogen is facing growing scrutiny, with both financial and environmental risks coming to the forefront. According to economic analyst Rowland Brown, the country’s push for green hydrogen development presents significant financial…
Calls to Re-evaluate Livestock Marketing Strategies Made
By: Hertha Ekandjo Otjozondjupa Governor James Uerikua has stressed the urgent need for Namibia to reassess its livestock marketing strategies to focus more on value addition to boost job creation and economic growth. Uerikua said the current practice…
Mushelenga Calls for Trophy Hunting Regime Review
By: Hertha Ekandjo Minister of International Relations and Cooperation, PeyaMushelenga, has called for a review of Namibia’s current trophy-hunting regime, urging the adoption of models that offer greater benefits to local communities. Under Namibia’s Community-Based Natural Resource Management…
Entrepreneur Proposes Plans to Export Namibian Skills
By: Rudorf Iyambo Namibian entrepreneur Oscar Mwandingi has reached out to UNESCO and various foreign embassies in Namibia in an effort to address the country’s growing unemployment crisis, particularly among skilled professionals, such as trained teachers. Mwandingi has…
Almost N$1 Billion Switched From GC25 Bond
By: Nghiinomenwa-vali Erastus Investors in the GC25 Bond, maturing in October 2025, have moved N$944.9 million of their investment into other long-term government debt instruments. This shift means some investors have chosen to extend their lending to the…
MTC Invests in Early Childhood Development in the North
By: Loise Shiimi The Mobile Telecommunications Company (MTC), in partnership with Development Workshop Namibia (DWN), has inaugurated a new early childhood development (ECD) centre in Oshakati. The centre, valued at N$800,000, was funded and supported by MTC. In…
Persons with Disabilities in Kavango East Voice Frustration Over Lack of Opportunities
By: Annakleta Haikera People living with disabilities in the Kavango East region have expressed their frustration over the lack of opportunities within various ministries. They reported being denied job prospects and having limited access to training and education…