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Cabinet Approves Local Content Policy for Petroleum Sector
By: Dolly Menas Cabinet has approved the National Upstream Petroleum Local Content Policy. The policy aims to promote economic sovereignty and reduce Namibia’s dependency on foreign expertise and build its local capacity. Cabinet has also mandated the Minister…
Is Russia Poisoning Namibia’s Water in its Hunt for Uranium?
By: Tom Brown and Justicia Shipena Windhoek and Leonardville, Namibia – Impo Gift Kapamba Musasa holds a hose pipe in one hand and gestures to a garden of cabbages, onions and turnips with the other. He is a teacher in…
946 GIPF Beneficiaries Owing NamRA Excluded from Refunds
By: Justicia Shipena The Government Institutions Pension Fund (GIPF) says approximately 946 beneficiaries with outstanding tax obligations to the Namibia Revenue Agency (NamRA) will not receive refunds unless the revenue agency provides updated tax directives. This follows an…
Choppies Fined N$2,2 Million for Backdoor Acquisition of Supermarket
By: Nghiinomewa-vali Erastus The Namibia Competition Commission has fined Choppies Retailer N$2.2 million for acquiring Grootfontein Supermarket and Grootfontein Bottle Store without notifying the regulator. Choppies was fined after the Commission’s investigation found that they contravened Section 44…
BoN Enhances Tools to Monitor Non-Performing Loans
By: Staff Writer The Bank of Namibia (BoN) has introduced advanced supervisory measures to strengthen the stability and resilience of the banking sector. Guided by the Basel Core Principles, the updated Early Warning System (EWS) and Prompt Corrective…
Namibians to Elect Fifth President and 8th National Assembly … as head of state calls for peaceful election
By: Justicia Shipena and Kavee Vezemburuka Today, Namibians are casting their votes in a pivotal election to choose the country’s fifth President and members of the eighth National Assembly. Over 1.4 million registered voters are expected to participate…
Dominance of Foreign Contractors in Namibia Sparks Industry Concerns … sector loses 35,000 Jobs
By: Kavee Vezemburuka The Construction Industries Federation of Namibia (CIF) has raised alarm over the increasing dominance of foreign contractors, warning that it threatens the survival of local businesses and undermines the country’s economy. Key issues highlighted by…
Minister Urges Small Businesses to Expand and Capitalise on the AfCFTA
By: David Shoombe Minister of Industrialisation and Trade, Lucia Iipumbu, has called on local entrepreneurs to expand their businesses and seize opportunities within the African Continental Free Trade Area (AfCFTA). Speaking at the handover ceremony of the Equipment…
Political Rallies Boost Northern Tourism
By: Dolly Menas, Kavee Vezemburuka Political campaign rallies ahead of the Presidential and National Assembly elections helped the northern part of Namibia record the highest occupancy rate of 72.39% in October, rising from 68.67% in September. Simonis Storm…
Ten Traditional Authorities Electrified
By: Annakleta Haikera The Ministry of Mines and Energy, in collaboration with Nored and Nampower, has electrified ten traditional authorities across Namibia. This milestone was announced by Deputy Minister of Mines and Energy, Kornelia Shilungu, during the commissioning…