Category: National
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…
Shifeta Calls for Stricter Sand Mining and Waste Management Regulations
By: Justicia Shipena Environment and Tourism Pohamba Shifeta says there is a need to enforce policies to regulate sand mining and waste management under the Environmental Management Act. Sand mining has become a pressing issue, especially in northern Namibia. In…
Circulation Concerns Raised Over New N$60 Banknote
By: Uaueza Kanguatjivi Financial analysts have raised concerns over the circulation challenges the new N$60 banknote may pose, following its launch last week. The N$60 Dr. Hage Geingob commemorative bank note was launched to honour the late Head of…
Restrictive Policies Hinder Informal Economy
By: Justicia Shipena The current legal framework hinders the institutionalisation, growth, and protection of Namibia’s informal economy, the Parliamentary Standing Committee on Economics and Public Administration has found. The committee’s latest report highlighted various challenges, including complex tax requirements,…
Mobile Broadband Usage Declines …of 2.6 million registered SIM cards, only 1.6 million are used for the internet
By: Nghiinomenwa-vali Erastus Internet use through mobile phones by the 2.6 million registered SIMs declined by 3 % at the end of last year. This resulted in a decrease in the percentage of SIM cards utilised for internet access…
Windhoek Needs N$7 Billion to Solve Housing Woes
By: Justicia Shipena The City of Windhoek’s (CoW) housing crisis has intensified, with the municipality estimating that at least N$7 billion is required to address the growing demand for affordable housing. The City’s Strategic Executive for Housing, Property Management,…
“Dealer’s Margin Increase Not a Subsidy” – Ithindi
By: Annakleta Haikera The Mines and Energy Ministry’s executive director, Penda Ithindi, says the N$0.30 per litre dealer margin increase for service station owners is not a subsidy, as some have interpreted it. The ministry recently increased the fuel…
More than 86% of Energy Costs Driven By Imported Electricity…as the country struggles to increase capacity
By: Nghiinomenwa-vali Erastus, David Shoombe, Justicia Shipena Electricity imports will cost Namibia N$8.8 billion between January 2024 to December 2025, highlighting the country’s energy dependence. This represents over 87% of Namibia’s annual electricity costs, while it will only cost…
Namdia Mum on Diamond Recovery Details
By: Justicia Shipena Namibia Desert Diamond (Namdia) says it cannot disclose where N$40.6 million worth of stolen diamonds were recovered as part of ongoing investigations. The SOE revealed on Thursday that it had recovered some of the N$314.9 million…
Markets Reduce Poverty – Uutoni
By: Annakleta Haikera Minister of Urban and Rural Development, Erasmus Uutoni has urged the Kavango West region to utilise its informal markets to create job opportunities and reduce poverty. The Nkurenkuru Open Market was inaugurated on Wednesday. Uutoni said the…