Category: Top Stories
Housing Crisis: 120,000 Queue up for NHE Houses
By: Justicia Shipena The Namibia Housing Enterprise faces an uphill challenge to deliver houses to more than 120 000 applicants on its waiting list. This figure was disclosed by NHE Chief Executive Officer Gisbertus Mukulu during an information-sharing session…
Domestic Investors Lend N$120 Billion to Government
By: Nghiinomenwa-vali Erastus At the end of July 2024, the government had borrowed a cumulative N$120 billion from private investors through the issuance of Treasury Bills and internally registered bonds in the domestic market. This debt includes N$80…
Namibia Agrees to Join Angola’s Lobito Oil Refinery Project
By: Justicia Shipena Namibia has agreed to participate in the Lobito Oil Refinery project and is currently negotiating terms with Angola, Mines and Energy Minister Tom Alweendo announced recently. The Lobito Refinery, spearheaded by Angola’s state-owned Sonangol EP,…
Windhoek Water Supply Reaches Severe Scarcity
By: Nghiinomenwa-vali Erastus The Windhoek Municipal Council has declared a Category D drought due to worsening water scarcity since June 2023. The decision was announced at the council’s ordinary meeting held on Wednesday, 31 July 2024. According to the…
Over 260,000 Eligible Citizens Not Registered To Vote
By: Hileni Inane Registration for eligible voters for the upcoming elections fell 9% shy of a perfect turnout, according to the Electoral Commission of Namibia (ECN). A total of 91% of eligible voters registered during the period from 3…
Naloba Appeals to Mbumba to Cancel Local Businesses’ Tax Debts
By: Justicia Shipena The Namibia Local Businesses Association (Naloba) has appealed to President Nangolo Mbumba to pardon all local businesses’ tax debts, allowing them a fresh start. This plea was made during a meeting at State House late Wednesday…
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…