Category: National
Namibians Have N$426.8 Billion in Savings
By: Nghiinomenwa-vali Erastus By the end of March 2024, Namibians had accumulated N$426.8 billion in retirement, medical aid, insurance, unit trusts, and asset management savings. This information was disclosed following an assessment by the Macroprudential Oversight Committee (MOC) of…
Oshiko Roadblock Upgraded at a Cost of Over N$12 Million
By: Annakleta Haikera The government has upgraded the Oshiko roadblock facilities at a cost of N$12.8 million, as revealed by Inspector-General Joseph Shikongo on Saturday. Shikongo emphasised the multifaceted importance of the upgraded checkpoint in the Oshana region, stating, “Road…
Central Oil Invests N$40 Million in Aviation Fuel Storage Facilities
By: Nghiinomenw-vali Erastus Central Oil Namibia will officially commission one of its aviation fuel storage facilities at Eros Airport on 5 August 2024. This inauguration follows the company’s investment of over N$40 million in two aviation storage projects…
Dispute Over Omitara Resettlement Farm…locals claim to be deliberately excluded
By: Mathias Hangala A group calling itself Omitara Concerned Group has accused the Ministry of Agriculture, Water and Land Reform of deliberately excluding the local community from the resettlement programme when it allocated portions to certain people on three…
Progress on Banana Trials in Zambezi – NAB says
By: Hertha Ekandjo The Namibia Agronomic Board (NAB) says it is making positive progress towards its ongoing banana trials in the Zambezi region. The trials have shown promising outcomes, with banana plants demonstrating robust growth and no signs of…
Powercom Commits N$80 Million for 50 Network Towers Nationwide
By: Loise Shiimi Powercom has committed to investing approximately N$80 million over the next two financial years to construct 50 new network towers across Namibia. This announcement was made by CEO Beatus Amadhila during the groundbreaking ceremony for a…
Norwegian Energy Company Acquires 20% Stake in ReconAfrica’s PEL
By: Justicia Shipena A Norwegian based company called BW Energy has acquired a 20% interest in ReconAfrica’s Petroleum Exploration Licence 73 (PEL 73) onshore in Namibia. This followed the formation of a strategic partnership between the two companies. Under…
Lefa Threatens to Sue Police, NTB Over Yango/InDrive Operations
By: Hertha Ekandjo Ride-hailing company Lefa has threatened to sue the Windhoek City Police, the Namibian Police Force and the Namibia Tourism Board (NTB), for failing to act against alleged non-compliance by two of its competitors in the e-taxi…
Namibia Can Produce 800 Tons of Avocados … local production could save the country about N$16 million annually
By: Nghiinomenwa-vali Erastus Namibia has the potential to produce over 800 tons of avocados annually for the local market, potentially saving over N$16 million currently spent on avocado imports each year. This insight comes from a 2024 Market…
GIPF CEO Sees Potential in Blueberry Sector
By: Justicia Shipena Martin Inkumbi, the chief executive officer of the Government Institutions Pension Fund (GIPF), has identified significant potential in Namibia’s blueberry sector. Inkumbi made this observation during a recent visit to the Kavango West and East…