Category: National
Can I Borrow From My Pension?
By: Amos Kambonde The question of whether to borrow from one’s pension or not is one of the questions many members of pension funds ask regularly. Section 19(5) of the Pension Fund Act, 1956 (Act No. 24 of 1956) makes…
2023 Records N$400 Million Drop in Approved Building Plans
By: Staff Writer The cumulative value of approved building plans between January and October this year has seen a decline of N$400 million compared to the same period last year, according to an analysis by Simonis Storm Securities (SSS). So…
Namibia Stays Linked to Rand Amidst SA Banks Scandal
By:Hertha Ekandjo The Bank of Namibia says it plans to maintain the peg between the Namibian dollar and the South African rand, despite revelations of manipulation in the USD/Rand currency pair by certain South African banks. The scandal, dating…
China Takes Cautious Approach To Green Hydrogen Initiative
By: Justicia Shipena Chinese ambassador Zhao Weiping says his country has not yet decided whether it intends to participate in Namibia’s green hydrogen ambitions which has attracted attention from countries in the West. Although China has already expressed it’s in…
Outrage Over Geingob’s Unemployment – Education Comment
By: Hertha Ekandjo President Hage Geingob’s recent comments attributing Namibia’s high unemployment rate to the successes of the government’s education efforts has sparked criticism from analysts who argue that it oversimplifies the complex issue. During the commemoration of the World…
Coastal Hospitality Sees Surge in Occupancy Rates
By: Staff Writer Last month, the coastal region of Namibia experienced a significant upswing in tourism, marking the highest occupancy rates in the sector at 71.9%, according to financial analysts Simonis Storm Securities. This achievement, surpassing 70%, is noteworthy as…
Kamanjab Drills Four Boreholes Worth N$5 Million
By: Uakutura Kambaekua The Kamanjab Village Council says it has commissioned the drilling of four boreholes to improve water supply at the town. The four boreholes funded with N$5 million allocated from the Ministry of Urban and Rural Development are…
Only 288 Out of 3,927 Jobseekers Secured Jobs in Q2
By: Nghiinomenwa-vali Erastus The local job market is still struggling to absorb thousands of job seekers registered on the government’s online employment system amid the growing national unemployment rate. For example, the job market was only able to absorb…
NaCC Investigates Alleged Collusion Among Fishing Vessel Owners
By: Nghiinomenwa-vali Erastus The Namibia Competition Commission is investigating potential collusion among various vessel owners and operators in the Namibian fishing industry, focusing on allegations of fixing fishing quota usage fees, among other things. The Namibia Competition Commission received…
83% of People with Disabilities Don’t Have Formal Education
By: Annakleta Haikera Namibia continues to grapple with educational challenges faced by people living with disabilities, particularly in rural areas, where a staggering 83% lack formal education. This issue disproportionately affects young girls and women, with women comprising over…