Category: Top Stories
NAMAF Reports Record N$5.74 Billion in Claims for 2023
By: Hertha Ekandjo The Namibia Association of Medical Aid Funds (NAMAF) has reported a record N$5.74 billion in claims received by registered medical aid funds by the end of December 2023. This significant figure continues an upward trend in…
Private Sector Offers N$3.1 Billion for Government Debts
By: Nghiinomenwa-vali Erastus Over the past week, the private sector has submitted several bids totaling N$3.1 billion to lend money to the government through bonds and Treasury Bills (TB). This information is based on the auction results for 14…
Osino Expects N$5.1 Billion Competition Commission Decision in September
By: Staff Writer Osino Resources expects a final decision from the Namibian Competition Commission (NaCC) on its acquisition by Chinese firm Shanjin (formerly Yintai Gold) by early September. Currently, competition law clearance from NaCC remains the only outstanding…
NamWater Faces Financial Strain Due to Unpaid Bills
By: Justicia Shipena The Namibia Water Corporation (NamWater) is grappling with significant financial challenges, primarily due to unpaid bills by its customers. NamWater CEO Abraham Nehemia highlighted this issue recently, noting that in 2022, NamWater reported being owed a…
High Input Costs Threaten Pork Industry Growth Amid Declining Imports
By: Hertha Ekandjo Local pork farmers face significant challenges that hinder the industry’s growth and sustainability. On the one hand, there is a huge opportunity to supply pork to the local market due to heightened demand driven by the…
O&L to Fill Pick n’ Pay Gap with Namibian Brand
By: Staff Writer The Ohlthaver & List (O&L) Group is set to re-enter the retail market with a fully-owned Namibian brand, following its announcement to terminate its franchise agreement with Pick n’ Pay. Sven Thieme, Executive Chairman of O&L…
Over 230,000 MWh of Electricity Generated Monthly
By: Nghiinomenw-vali Erastus Namibia has reached a milestone in domestic electricity generation, producing more than 230,000 MWh of electricity for five consecutive months. Despite meeting 60% of its power needs domestically and importing the rest, the Ruacana Hydro Power…
Natural Resources Belong to Namibians – Tweya
By: Staff Writer Chairperson of the Parliamentary Standing Committee on Natural Resources, Tjekero Tweya, emphasised that it is the duty of lawmakers to hold the executive arm of government accountable regarding laws surrounding natural resources. “The executive must submit…
Youth Leader Sub-leases Resettlement Farm to Chinese Company
By: Juliana Iikela Members of the Wisdom Youth Organisation are frustrated over their dismissal from a farm they claim was granted to them by the Ministry of Agriculture, Water and Land Reform in 2015. The farm, situated near Otavi,…
Central Oil Invests N$40 Million in Aviation Fuel Storage Facilities
By: Nghiinomenw-vali Erastus Central Oil Namibia will officially commission one of its aviation fuel storage facilities at Eros Airport on 5 August 2024. This inauguration follows the company’s investment of over N$40 million in two aviation storage projects…