Category: News
Namibia’s Trade Deficit Widens to N$4.5 Billion
By: Staff Writer Namibia’s trade deficit expanded slightly in March, with exports falling short by N$1.9 billion compared to the same period last year. Export earnings increased from N$6.1 billion in February to N$8.3 billion in March, while imports…
Ruacana Hydro Power Plant a Key Source in Local Power Generation …As Electricity Tariffs Rise by 8%
By: Justicia Shipena Despite subdued rainfall, the Ruacana Hydro Power Plant has emerged as the cornerstone of local power generation for the current year, as reported by the Electricity Control Board (ECB). This assertion aligns with projections indicating…
2024 Maize Production Down By 50%
By: Hertha Ekandjo Maize production in the communal areas of Zambezi, Kavango East, and Kavango West regions has seen a significant decline, with estimates at 3,400 metric tons (MT), marking a 50% decrease from last season’s production of…
Old Mutual Group Reports N$91 Million Increase in Investment Returns in Namibia
By: Staff Writer The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year. This was primarily fueled by higher interest rates…
Hartzenberg Becomes First in Namibia to Attain Dual Chartered Accountant Designations
By: Staff Writer Florian Hartzenberg has achieved a significant milestone by becoming the first professional accountant in Namibia to acquire both the Chartered Accountant, Namibia (CA(NAM)) and Chartered Global Management Accountant (CGMA) designations. This accomplishment follows the collaborative efforts…
Govt Allocates Additional N$8 Million to Revitalise Kalimbeza Rice Project
By: Staff Writer President Nangolo Mbumba has announced that the government has earmarked N$8 million in the 2024/2025 fiscal budget to breathe new life into the Kalimbeza National Rice Project. Mbumba disclosed this during Thursday’s Independence Day celebrations…
Stagnant Economy Fails to Absorb Rising Youth Workforce, 34 Years Down the Line
By: Justicia Shipena As Namibia commemorates 34 years of independence, scrutiny turns to the nation’s progress across various fronts, including its workforce. Labour expert Herbert Jauch contends that over the past thirty years, the Namibian economy has failed…
Talks at Advanced Stage for MVA Fund’s Trauma Centre Land Acquisition in Windhoek
By: Justicia Shipena The Motor Vehicle Accident (MVA) Fund of Namibia is currently engaged in negotiations with the City of Windhoek (CoW) to finalise payment arrangements for the land earmarked to host Namibia’s inaugural trauma centre. MVA’s Chief…
Protection of Commonage in Communal Resources Essential … land boards gain land-allocation authority
By: Nghiinomenwa-vali Erastus The newly inaugurated 13 Communal Land Boards will wield ultimate power over communal land allocation, but they have been cautioned to prioritise the preservation of commonage in resource utilisation within communal areas. This reminder comes…
Namibia’s Disability Spending Falls Below Adequate Levels, UNICEF Reports…15% of Namibians Living with Disabilities
By: Hertha Ekandjo Namibia’s expenditure on disability, although showing an upward trend over the years, has remained relatively low, according to a report released by the United Nations International Children’s Emergency Fund (UNICEF). Between 2018 and 2023, disability…