Category: Top Stories
Oil and Gas Projects to Create over 12,000 Job Over 30 Years
By: Dolly Menas Namibia’s oil and gas industry is expected to significantly transform the country’s economy by creating over 12,000 jobs over the next 30 years. The lifecycle of oil and gas projects is projected to span more…
N$58.4 Million License Fees Drive MTC’s Earnings Down
By: Justicia Shipena The Mobile Telecommunications Company (MTC) has reported a decrease in its annual earnings for the current financial year, largely attributed to “extraordinary regulatory costs”, including the settlement of annual license fees totalling N$58.4 million. This…
Daures Green Hydrogen Pilot Project Nears Completion
By: Nghiinomenwa-vali Eratus The Daures green hydrogen pilot project is over 95% complete, according to Jerome Namaseb, the project’s chief executive officer. The initiative aims not only to be Africa’s first 100% Net Zero green community but also…
Uncertainty Surrounds EVMs for Future Elections
By: Justicia Shipena The Electoral Commission of Namibia (ECN) remains undecided on whether it will reintroduce electronic voting machines (EVMs) in the 2029 elections or continue using ballot papers. In February 2020, the Supreme Court ruled that EVMs…
Khomas Residents Top the List of Loan Defaulters
By: Nghiinomenwa-vali Erastus As of September 2024, 42.9% of non-performing loans (loans unpaid for over three months) in Namibia were held by individuals, according to data from the Bank of Namibia. Non-performing loans (NPLs) currently stand at 5.9%,…
N$37.2 Million Spent on Live Chick Imports to Date…a market for a commercial hatchery exists
By: Nghiinomenwa-Vali Erastus Namibia spent N$37.2 million importing live chicks over the 12 months ending October 2024, according to the Namibia Statistics Agency’s (NSA) monthly trade statistics. On average, the country has spent N$2.9 million per month on…
Speculation Grows Around Nandi-Ndaitwah’s Cabinet Appointments
By: Justicia Shipena The composition of President-elect Netumbo Nandi-Ndaitwah’s Cabinet remains uncertain as Swapo faces significant challenges following its diminished performance in the just ended National Assembly elections. The ruling party secured only 51 of the 96 seats,…
Namibia to Get First Female President but Swapo loses ⅔ majority … IPC takes over as official opposition as PDM lose 9 seats
By: Justicia Shipena Namibia is set to inaugurate its first female President, Netumbo Nandi-Ndaitwah of Swapo, following a contentious election period. Nandi-Ndaitwah emerged victorious with 57.31% of the votes from over 1.1 million ballots cast. The announcement, delivered by…
BLNE Not Satisfied with Customs Union Revenue
By: Nghiinomenwa-vali Erastus The BLNE economies which are Botswana, Lesotho, Namibia, and Eswatini are concerned that they are not getting a fair share of customs union revenue. These countries are part of the Southern Africa Customs Union (SACU)…
Finance Ministry Backs ECN’s Funding Request for Extended Voting
By: Justicia Shipena The Ministry of Finance has committed to providing additional funds to the Electoral Commission of Namibia’s (ECN) to cover the financial implications of extending the voting process. ECN requested for additional funds following its decision…