Category: Top Stories
Over Half a Billion Spent on Fruit and Vegetable Imports in a Year
By: Nghiinomenwa-vali Erastus Namibia has spent N$43.7 million monthly, totaling N$524.1 million for the financial year 2022/23, to import 66,823 tons of fruits and vegetables. These import figures, revealed by the Namibia Agronomic Board (NAB), underscores…
Trade Minister Urges Local Businesses to Collaborate
By: Dolly Menas Minister of Trade and Industrialisation, Lucia Iipumbu, says Namibians should start working together by forming joint ventures to be able to compete in various sectors of the economy as opposed to complaining about foreign…
Oversupply of Lower Primary Teachers A Cause for Concern …high school graduates are advised to desist from majoring in teaching
By: Loise Shiimi and Nghiinomenwa-vali Erastus The Ministry of Education, Arts and Culture is grappling with an oversupply of lower primary teachers, and cannot find jobs for them. This situation is becoming dire that Education Minister Anna Nghipondoka is now…
Govt Failing on Mass Housing Targets … Only 4 240 Housing Units Completed Since 2013
By: Justicia Shipena The government’s ambitious Mass Housing Development Programme (MHDP) has only managed to construct a little over 4,000 housing units since its inception in 2014. A brainchild of former President Hifikepunye Pohamba, the mass housing project was launched…
Banking Sector Assets Valued at N$174.6 Billion
By: Justicia Shipena The banking sector in Namibia witnessed a 1,5% increase in total assets value, reaching a staggering N$174,6 billion in the third quarter of 2023. This growth was primarily attributed to rises in cash and bank balances, short-term…
Starving Oxen, Donkeys Stresses Northern Communal Farmers
By: Loise Shiimi Crop farmers in the Northern Communal Areas (NCA) and specifically in regions such as Oshikoto, Oshana, Omusati and Ohangwena are battling various challenges as they kick off their ploughing season following good rainfall. While the precipitation…
Hyphen Gets N$95 Million Funding For Green Hydrogen
By: Justicia Shipena Hyphen, the company piloting the development of green hydrogen in Namibia has secured funding amounting to about N$95 million to propel engineering, environmental, and socioeconomic development initiatives associated with its projects. This followed the finalisation of a…
Medical Aid Funds Face Operating Losses
By: Hertha Ekandjo Namibia’s medical aid funding industry is facing significant financial strains attributed to operational losses recorded by many medical aid funds, causing industry concerns. The cumulative reserve levels of all medical aid funds is also a cause for…
Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments…
Mines Ministry Revamps EPL System
By: Justicia Shipena The Ministry of Mines and Energy is undertaking a strategic overhaul of its licensing application process to address challenges emerging from the country’s burgeoning oil discoveries. The shift aims to streamline operations, ensuring more efficient and effective…