Category: Top Stories
Mines Continue to Rely on External Borrowing … capital continues to flow out in interest payments
By: Nghiinomenwa-vali Erastus Corporate debts in the country surged by N$18.2 billion between 2022 and 2023, with N$17 billion of this borrowed from external sources. This was revealed in the latest Financial Stability Report. The mining sector notably…
Dumping Sites Hustlers Prevented From Collecting Scrap Items
By: Loise Shiimi Windhoek residents who rely on dumpsites for recycling purposes have reported being barred from collecting reusable items at dumping sites in Okuryangava, preventing them from selling these items to scrap yards and other outlets. This decision…
Windhoek Faces Potential N$52 Million Loss if Industries Fully Tap Aquifers
By: Hertha Ekandjo The Windhoek municipality could face an annual loss of up to N$52 million if industries are permitted to exclusively use their private aquifers as a water source for production. To mitigate this risk, the City…
Namibia’s Fertiliser Consumption Falls Short of Abuja Declaration Mandates
By: Justicia Shipena Namibia is among countries yet to meet the mandated 50 kg/ha fertiliser consumption threshold set by the Abuja Declaration. This was revealed by Deputy Minister of Agriculture, Water, and Land Reform, Anna Shiweda, during the Africa…
Labour Commissioner Drops Hammer on Non-Compliant Trade Unions
Loise Shiimi Seven trade unions and one employer’s representative have been deregistered and stopped from representing workers or employers in their respective sectors. In a decisive move, Acting Labour Commissioner Emma Nikanor announced the deregistration of the concerned trade…
World Bank Approves Namibia’s N$2.6 Billion Energy Project Funding
Hertha Ekandjo The World Bank on Tuesday approved a N$2.6 billion financial package aimed at bolstering Namibia’s energy infrastructure by expanding its transmission network and integrating renewable energy sources into the grid. The Transmission Expansion and Energy Storage (TEES)…
Kavango East Green Schemes Set to Begin Sunflower Oil Production
By: Annakleta Haikera The Shadikongoro Green Scheme Irrigation Project and the Sikondo Green Scheme Irrigation Project are set to commence processing sunflower seeds into cooking oil. This was announced by the Ministry of Agriculture, Water and Land Reform following…
Only 17 University Graduates Placed on the Job Market in Three Months
By: Nghiinomenwa Erastus Out of approximately 352 job seekers placed by the Labour Ministry’s Directorate of Labour Market Services between January and March this year, only 17 held university degrees, according to the ministry’s Quarter Four Report (Jan-March…
Companies Fined Over N$13 Million for Anti-Competitive Practices
By: Nghiinomenwa-vali Erastus The Namibia Competition Commission said it imposed N$13.1 million in penalties on various companies for engaging in anti-competitive behaviour between August, 2022 and December last year. Most of these penalties stemmed from collusion among insurance…
Cleanergy Solutions to Start Green Hydrogen Production By Year’s End …as phase one of the project gets launched
By: Justicia Shipena A Belgian shipping company called Compagnie Maritime Belge (CMB.TECH), expects Namibia to start producing green hydrogen by the end of the year in Namibia. The company plans to work with the Ohlthaver & List Group (O&L)…