Category: Top Stories
BoN Questioned on the Cost of the Peg to the Rand
By: Nghiinomenwa-vali Hangala As the Namibian economy continues to struggle to deliver quality growth, while capital flow to business remains low, the business community engaged the Central Bank and Monetary Committee on the cost of the Namibian currency…
N$45 Billion+ Required Over 10 Years for Housing Backlog
By: Staff Writer Namibia requires about N$45 billion over a 10-year period to address its housing backlog, but achieving the target will require coordinated planning, innovative financing and stronger collaboration between government and the private sector. These insights were provided…
Alternative Views on Pumping Kavango River Water to the Central Regions
By: Dwight Links Two senior Namibian environmental experts, from the Research and Information Services of Namibia (RAISON) and the Namibia Chamber of Environment (NCE), have weighed in on pumping water from the Kavango River to the Central Regions…
About N$16 of Every N$100 Collected by the State Goes to Interest Payments
By: Nghiinomenwa-vali Hangala For every N$100 the state collects, around N$16 is spent on interest payments before a single teacher, clinic or road is paid for according to analysis done by Monasa Advisory and Associate. The firm…
Around 40KM of Rail Line to be Constructed Every Year
By: Nghiinomenwa-vali Hangala The Ministry of Works and Transport has revealed that it will construct more than 40 KM of railway line every year for the next 5 years. This will translate into a new 250 KM…
Swakop Property Market Nears N$10 Billion
By: Staff Reporter According to analysis by urban development specialist Francisco Neshila on Swakopmund’s Property Market, Swakopmund recorded 8,209 property transactions over the last decade with a cumulative transaction value of N$8.93 billion. The market currently reflects a median residential…
Govt to Ditch Foreign Market for N$7.1 billion in Financing
By: Nghiinomenwa-vali Hangala The Ministry of Finance has decided to borrow almost all of its budget shortfall from the domestic market. Of the N$29.2 billion financing requirement, N$27.3 billion will be sourced from the domestic market, according…
Angola’s Kwanza Now a Settlement Currency in SADC…Botswana Pula is next
By: Nghiinomenwa-vali Hangala The Angolan kwanza has become the second settlement currency to be introduced in the SADC real-time gross settlement (SADC-RTGS) system, which has settled transactions exclusively in South African rand since its inception in 2013. The South African…
Etango Mine Being Developed by 560 Personnel Across 4 Local Contractors
By: Nghiinomenwa-vali Hangala There are more than 560 contractor workforces from four Namibian contractors currently developing earthworks, civil construction, aggregate production and infrastructure work for the Etango Uranium Mine. This was revealed in the Bannerman Energy Quarterly report for…
Venus Well Development and Operation Investment Estimated at US$18bn …over US$2 billion will be spent locally
By: Nghiinomenwa-vali Hangala The Venus well project, which is on the cusp of its Financial Investment Decision (FID), is estimated to require capital development/investment of over US$11 billion in the development phase. If developed, it will further require…