Category: Top Stories
Law on Welwitschia Sovereign Wealth Fund to Reach Parliament Soon
By: Justicia Shipena Finance Minister Ipumbu Shiimi announced that legislation for managing the Welwitschia Sovereign Wealth Fund will soon be presented to parliament. This statement was made in response to questions from parliament member Jennifer Van den Heever regarding…
2.6 Million Kilograms of Pork Imported in 5 Months…Germany leading supplier
By: Nghiinomenwa-vali Erastus From January to May 2024, Namibian consumers imported 2.7 million kilograms of pork through their retailers, according to monthly statistics from the Livestock and Livestock Product Board of Namibia (LLPBN). A significant portion of this…
Tariff Hikes Boost City of Windhoek’s Revenue
By: Justicia Shipena The City of Windhoek has reported improved financial performance for the 2022/2023 fiscal year compared to the previous year, driven primarily by a significant decrease in bad debts by N$244 million and an increase in service…
ReconAfrica Targets 3.1 Billion Barrels of Oil in Namibia’s Naingopo Well
By: Justicia Shipena Canadian oil and gas exploration company, Reconnaissance Energy Africa (ReconAfrica), is set to tap significant potential in its Naingopo well located northeast of Namibia. The anticipated yield from this exploration effort is estimated at 3.1…
Zambezi Bream Becoming a Scarce Commodity
By: Frans Siengela Residents of the Zambezi region have expressed concerns about the scarcity of bream, the region’s staple dish, as the river dries up. The scarcity of the Zambezi bream is also attributed to overfishing. The Zambezi bream…
NAMCOR Assesses Caltex’s Return to Namibian Market
By: Hertha Ekandjo The National Petroleum Corporation of Namibia (NAMCOR) has acknowledged the return of Caltex to the Namibian market and is currently conducting assessments to understand the particulars of this transition. NAMCOR informed The Villager that Caltex…
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…