Category: Top Stories
Public Drowning in N$3.5 Billion Utility Debts
By: Nghiinomenwa-vali Erastus Namibians through their local authorities and private consumption together owe N$3.5 billion in water and electricity bills by the end of February 2025. A chunk of this is unpaid water bills standing at N$2.4 billion as…
IUM Inaugurates N$45 Million Eenhana Campus
By: Loise Shiimi The International University of Management (IUM) on Tuesday inaugurated its N$45 million state-of-the-art campus in Eenhana, Ohangwena region. The investment is expected to reap socio-economic benefits for the town and region, with IUM founder David Namwandi stating…
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,…
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…
Namibia to Establish National Property Valuation Standards
By: Justicia Shipena Namibia is set to establish national property valuation standards that align with international benchmarks. Unregulated valuation services had previously led to issues with inflated land and housing prices. The newly inaugurated Namibian Council for Property Valuers Profession…
Fuel Hikes To Heighten Inflationary Pressure
By: Annakleta Haikera At midnight 5 March 2025, fuel prices are set to rise for a consecutive month. The Mines and Energy Ministry attributed the domestic need behind the hike to two factors. One was the annual N$0.50 per litre…
Nujoma Laid to Rest …farewell Son of the Soil
By: Justicia Shipena On a warm Saturday afternoon, just 21 days shy of marking 35 years of freedom and independence, Namibia laid its Founding President Dr. Sam Shafiishuna Nujoma to rest. His burial was attended by his family, three…
Court Favors Myrtle in N$450 Million GIPF Shares Dispute
By: Uaueza Kanguatjivi Myrtle Growth Capital has won a court battle in which the Government Institutions Pension Fund (GIPF) filed an urgent application to stop it selling or liquidating shares worth N$450 million held by the Namibia Mid-Cap…
Namibia Running Out of Time on Beneficial Ownership Filing
By: Nghiinomenwa-vali Erastus Namibia’s bid to exit the Financial Action Task Force’s (FATF) greylist is at risk due to delays in implementing beneficial ownership regulations, despite progress on other compliance issues. The country has made strides in addressing…
Shiimi Raps NIDA Over Knuckles For N$3 Billion Non-Performing Assets
By: Uaueza Kanguatjivi, David Shoombe Finance Minister Iipumbu Shiimi has urged the Namibia Industrial Development Agency (NIDA) to use its N$3 billion worth of assets to drive sustainable growth. This comes after the entity reported a N$102 million loss…