Category: Top Stories
NWR to Repurpose Hardap Dam Resort due to Declining Occupancy
By: Hertha Ekandjo Namibia Wildlife Resorts (NWR) is set to transform its Hardap Dam Resort into a Conference Lodge after experiencing a dramatic drop in occupancy this year, marking one of the lowest levels in recent years. This…
Govt to Borrow N$4.6 Billion by March 2025 … budget shortfall rises to N$15.1 billion
By: Nghiinomenwa-vali Erastus The government plans to borrow N$4.6 billion between November 2024 and March 2025 to cover its budget commitments for the 2024/25 financial year. This will help address the revised budget deficit, with total government spending…
US 2024 Elections: What’s At Stake for Namibia? AGOA’s future hangs in balance US energy investments and green hydrogen
By: Justicia Shipena Namibia’s trade relations with the United States, primarily governed by the African Growth and Opportunity Act (AGOA), face an uncertain future, with AGOA set to expire in 2025. Namibia is one of 35 sub-Saharan African…
Govt Slow at Implementing Capital Projects
By: Nghiinomenwa-vali Erastus As of September 30, 2024, only 37% of Namibia’s development budget (N$12.8 billion) has been spent, including expenditure commitments, according to the latest update from Finance Minister Iipumbu Shiimi. This sluggish pace in executing capital…
Kavango Crop Farmers Fear for Yield Amid Drought Concerns
By: Annakleta Haikera As land preparation for the upcoming planting season begins in both Kavango regions, crop farmers are expressing concern over potential low yields due to a lack of early rainfall in November. During the weekend, The…
New Green Hydrogen Plant and Offshore Wind Farm on the Cards
By: Hertha Ekandjo Namibia is conducting pre-feasibility studies for the development of a green hydrogen plant and an offshore wind farm as part of the Southern Corridor Development Initiative (SCDI) in the //Kharas region. The study will explore…
DBN Boasts Injecting 76,000 Jobs into Economy
By: Dolly Menas and David Shoombe The Development Bank of Namibia (DBN) says its investments have contributed to the creation of 76,000 job opportunities across various sectors over its 20-year history, injecting over N$21 billion into the Namibian…
Langer Heinrich Local Spending Exceeds N$1.15 Billion
By: Justicia Shipena The Langer Heinrich Mine (LHM), has spent just over N$1,15 billion (US$61 million) over the past financial year, through the acquisition of local various products and services to strengthen its operations. This investment follows the…
Nine of 13 FATF Recommendations Partially Addressed … compulsory reporting to begin next month
By: Hertha Ekandjo Namibia has made notable strides in addressing the Financial Action Task Force (FATF) greylisting, having partially fulfilled nine of the 13 recommended actions in a voluntary progress report presented at the recent FATF plenary meeting…
Getting Sick in Namibia is a Costly Nightmare … the true cost of health in Namibia
By: Nghiinomenwa-Vali Erastus Have you ever wondered what it truly costs to get sick in Namibia? Picture this: being admitted in ageing public health facilities like the Katutura, Onandjokwe or the Windhoek Central Hospital that are always struggling…