Category: National
Severe Water Scarcity Expected in Windhoek Soon
By: Nghiinomenwa-vali Erastus The City of Windhoek has issued a warning, indicating that due to water supply challenges in the central region, it will soon be compelled to declare a state of severe water scarcity, categorised as Category…
Sochi – Russia’s Black Sea Riviera
By: Dwight Links On the eve of the Atom Expo 2024 which took place in Sochi on March 25th to 26th, African journalists were invited to provide coverage of the event from the Black Sea marble and tourist…
Finance Ministry to Regulate Banking Fees … commercial banks rake in N$4.5 Billion in non-interest income including fees and charges
By: Nghiinomenwa-vali Erastus The newly enacted Banking Act empowers the Minister of Finance and Public Enterprises to regulate fees and charges imposed by banking institutions on their customers. This was revealed in the 2023 annual report of the…
Türkiye Offers Namibia Energy Independence
By: Hertha Ekandjo Karpowership, a company from Türkiye, has extended an offer to Namibia, presenting an opportunity for the country to become a net energy producer without relying on energy imports from neighbouring countries. This unique proposition aims…
Hyphen Invests N$40.4 Million in MetMast Measuring Equipment
By: Staff Writer Hyphen Hydrogen Energy is investing N$40.4 million (€2 million) in its MetMast Measuring Campaign, utilising meteorological masts (MetMasts) to precisely model the energy yield of wind and solar resources for the optimised design of a…
EIF Plans to Raise N$300 Million Funding to Boost Green Youth Entrepreneurship
By: Justicia Shipena The Environment Investment Fund (EIF) is planning to launch a concessional loan facility aimed at empowering youth entrepreneurs engaged in green initiatives, with plans to scale up to N$300 million by the 2024/2025 fiscal year….
Average House Price Stands At N$1.2 Million
By: Nghiinomenwa-vali Erastus By the end of December 2023, the average or most common house on the market cost N$1.21 million, slightly higher than the N$1.19 million recorded during the corresponding period in 2022. This was revealed by…
15 Malaria Deaths Recorded With Over 6,000 Cases in 2024
By: Annakleta Haikera Namibia has reported 15 malaria-related deaths between January and March, with a total of 6,147 confirmed cases recorded so far this year. Addressing World Health Day commemorations in Rundu, Kavango East region, on Tuesday, Minister…
Namibian Economy Expected to Slow by 3.7% This Year
By: Staff Writer The Bank of Namibia projects that the economy will decelerate to 3.7% in 2024 before rebounding to 4.1% in 2025. The central bank attributes this anticipated slowdown primarily to weaker global demand and slower growth…
FNB Wins Namibia’s Best Bank Award for 2024
By: Dolly Menas First National Bank of Namibia (FNB) has earned the prestigious title of Best Bank in Namibia for the year 2024, as bestowed by Global Finance magazine. The announcement came during the 31st annual Best Banks…