Category: Top Stories
Big Corporations Stifle New Market Entrants
By: Nghiinomenwa-vali Erastus Investigations conducted by the Namibia Competition Commission (NCC) in three separate sectors have revealed that new entrants in the economy are being kept out or driven out of the market by existing companies in an anti-competitive…
Namibia to Honour Eurobond Debt
By: Justicia Shipena The Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, announced that Namibia has implemented measures to fulfill its Eurobond obligations. This statement was made during his meeting with representatives from the London Stock Exchange on…
Construction Sector Implements Mandatory Pension Fund Requirement
By: Hertha Ekandjo The Namibian Building Workers Pension Fund (NBWPF) has enforced the provision of a pension fund for all employees within the construction sector. This new requirement is outlined in a recently signed Collective Agreement between the Construction…
RMB Namibia Arranges N$900 Million Entrepo Loan
By: Justicia Shipena RMB Namibia has arranged and provided a N$900 million debt funding solution for Entrepo Holdings (Pty) Ltd, an enterprise that offers loan solutions to all permanent government employees. This marks one of the largest financial deals…
Caltex Return To Heighten Fuel Market Competition
By: Nghiinomenwa-vali Erastus The fuel retailing and distribution sector in Namibia is poised for increased competition with the return of the Caltex Retailing Brand under Chevron Corporation. Chevron announced on Tuesday its re-entry into the Namibian Orange Basin after…
Ohangwena’s N$250 Million Aquifer to Boost Northern Water Supply
By: Nghiinomenwa-vali Erastus and Hertha Ekandjo The government will allocate N$250 million from the N$3.3 billion (including N$1.8 billion in loans) set aside for water infrastructure to develop the Ohangwena Aquifer, making it the second primary source of bulk…
BIPA to Engage Stakeholders on Beneficial Ownership Sanctions
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced plans to consult with stakeholders on various concerns related to beneficial ownership sanctions. This consultation aims to address and clarify issues stakeholders have raised regarding the implementation…
ECB Approves Electricity Price Hikes
By: Staff Writer Electricity is about to get more expensive this winter, after the Electricity Control Board (ECB) approved tariff increase applications from several distributors, effective 1 July 2024. These applications followed the ECB’s announcement of the 2024/2025…
NANLO Doubts Govt’s Ability to Manage New Safety Commission
By: Hertha Ekandjo The Namibia National Labour Organisation (NANLO) has expressed concerns about the Ministry of Labour, Industrial Relations and Employment Creation’s capability to effectively oversee the newly proposed Commission for Occupational Safety and Health. These concerns follow…
Maiden Drilling Program Confirms High-Grade Uranium Deposits
By: Justicia Shipena Canadian company Madison Metals Inc. has confirmed high-grade uranium deposits at its Khan Uranium Project in Madison West, located in Namibia’s Central Erongo Uranium province. Namibia is the world’s second-largest uranium producer and holds the…