Category: Top Stories
280 Positions Open at Agri Ministry
By: Nghiinomwena Erastus The Ministry of Agriculture, Water and Land Reform will advertise 110 vacancies tomorrow as part of its strategy to fill 280 vacancies. These positions are part of the approved positions to be filled during this financial…
Mbumba Urges Investment in Education
By: Juliana Iikela President Nangolo Mbumba has emphasised the critical need for Africa to invest in education to avoid being left behind in the rapidly evolving global landscape. Speaking on Africa Day, Mbumba highlighted the importance of building resilient…
Iran Offers Water Infrastructure Assistance to Namibia
By: Justicia Shipena Iran has announced its readiness to provide Namibia with expertise in constructing water infrastructure. Iran’s Ambassador to Namibia, Seyed Ali Sharifi Sadati, revealed this assistance during a recent meeting with President Nangolo Mbumba. Ambassador Sadati…
City Clears N$38 Million Under Pensioners Debt Relief Program
By: Fransina Nghidengwa The City of Windhoek has cleared N$38 million of debt from over N$250 million as part of its Pensioners Debt Relief Program, which concludes this Friday, 31 May. City spokesperson Harold Akwenye told The Villager…
Stimulus Assets Portfolio Rises to N$726.4 Million
By: Justicia Shipena Stimulus Investments Limited, a Namibian private equity firm, reported that total assets under its management reached N$726.4 million as of February this year. The firm says companies that have invested in it have a total…
Govt to Borrow N$15.3 Billion This Year
By: Nghiinomenwa-vali Erastus The government wants to borrow up to N$15.3 billion from various financiers, including individuals, institutions, and others, to meet its budgetary commitments and repay maturing debts during the current financial year. This 2024/25 financing need represents…
Intercompany Loans and High Interest Drives External Borrowing
By: Nghiinomenwa-vali Erastus The surge in external borrowing by local companies, especially those in the mining companies, has been driven by their access to capital from their parent companies and to evade domestic higher interest rates. This was the…
Letshego’s N$260 Million Social Bond to Focus on Housing, SMEs
By: Dolly Menas Letshego Holdings Namibia has launched its first social bond on the Namibia Stock Exchange, valued at N$260 million. This bond aims to support underserved individuals, micro and small entrepreneurs, and small business owners. Additionally, the company…
NWR Reports N$46 Million Profit and Clean Audits
By: Justicia Shipena Namibia Wildlife Resorts (NWR) has announced that it made a profit of N$46 million for the second consecutive year and has also improved its financial management systems which resulted in a clean external audit opinion….
Only 18% of White Maize Demand Can Be Met Locally
By: Nghiinomenwa-vali Erastus Projections from the Namibia Agronomic Board (NAB) indicate that local white maize production will only reach 32,394 tons for the 2023/24 harvesting year, while the country’s demand stands at 180,000 tons. This shortfall underscores the risks…