Category: Top Stories
Govt Considers Proposal to Disband NPTH
By: Nghiinomenwa-vali Erastus The government is on the brink of implementing its 2014 decision to disband its largest holding company, Namibia Post and Telecom Holdings Limited (NPTH). A readiness report detailing various strategies to implement this is currently…
Construction of the Trans-Kalahari Railway Expected to Commence by 2026
By: Staff Writer Construction on the much-anticipated multibillion-dollar Trans-Kalahari Railway is expected to start by 2026. This was revealed by Hippy Tjivikua, CEO of the Walvis Bay Corridor Group (WBCG). In 2022, Minister of Works and Transport, John…
Namibia’s Green Hydrogen Executive Acknowledges Local Skills Gap
By: Dwight Links Joseph Mukendwa, the executive overseeing policy, planning, and strategy for Namibia’s Green Hydrogen Programme (NGHP), has acknowledged a shortage of necessary skills in the country. This admission follows concerns raised by the public regarding the…
Namibia Makes 200 New Millionaires
By: Staff Writer Namibia has cemented its position in the top 10 wealthiest countries in Africa in terms of millionaires, with an additional 200 millionaires reported since last year. According to the latest 2024 Africa Wealth Report by…
Repo Rate To Remain at 7.75% Economists Predict
By: Justicia Shipena Economists anticipate the Bank of Namibia’s Monetary Policy Committee (MPC) to maintain the repo rate at 7.75% due to the substantial rate difference compared to South Africa. Robert McGregor, an economist at Cirrus Capital said…
Schlettwein Urged To Settle !Khomanin Community Land Issues …as displaced generational workers roam Khomas corridors
By: Juliana Ikela Khomas Regional Governor, Laura Mcleod-Katjirua, has made a fervent appeal to the Ministry of Agriculture, Water, and Land Reform to address the land issues affecting the !Khomanin community. The governor made this call during the…
Zambia Cuts 60MW Power Export to Namibia
By: Nghiinomenwa-vali Erastus Namibia’s electricity import from Zambia has been reduced by 60MW, dropping from 180MW to 120MW, following Zambia’s announcement of power cuts and export limits due to drought conditions affecting its hydropower generation. Zambia, traditionally the largest…
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration…
Trade Official Calls for Expansion of Namibian Export Base to China
By: Justicia Shipena A government official in the Ministry of Industrialisation and Trade have called for the expansion of Namibia’s trade relations with China by diversifying a range of local products for the Chinese market. Namibia enjoys a…
Finance Ministry to Regulate Banking Fees … commercial banks rake in N$4.5 Billion in non-interest income including fees and charges
By: Nghiinomenwa-vali Erastus The newly enacted Banking Act empowers the Minister of Finance and Public Enterprises to regulate fees and charges imposed by banking institutions on their customers. This was revealed in the 2023 annual report of the…