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Corporate Debt Surges to N$47.0 Billion with Credit Growth at 4.7%
By: Hertha Ekandjo Namibia’s corporate debt reached N$47.0 billion in May 2024, marking a significant 4.7% year-on-year increase, the highest since October 2022’s 5.9% surge, according to the latest Simonis Storms Private Sector Credit Extension Report. The report highlighted…
MTC Opens Dealer Shop in Otjinene
By: Staff Writer Residents of Otjinene no longer need to travel long distances for Mobile Telecommunications Ltd (MTC) services, thanks to the opening of a new MTC dealer shop in the town. Previously, MTC served its customers through Nampost,…
OM SEED Disburses N$400,000 to 12 Entrepreneurs in 2024
By: Fransina Nghidengwa Old Mutual Namibia’s Sustainable Economic and Empowerment Drive (OM SEED) has disbursed N$400,000 in prize money to 12 entrepreneurs this year. This is part of an N$800,000 investment to support grassroots entrepreneurs in the Ohangwena, Zambezi,…
Namibia’s Richelieu Eagles to Play Punjab Cricket Association
By: Dwight Links The Castle Lite Series is set to return from 3 July to 10 July as Namibia’s men’s senior cricket team, the Richelieu Eagles, will face the visiting Punjab Cricket Association team. The first of the five…
Ohangwena’s N$250 Million Aquifer to Boost Northern Water Supply
By: Nghiinomenwa-vali Erastus and Hertha Ekandjo The government will allocate N$250 million from the N$3.3 billion (including N$1.8 billion in loans) set aside for water infrastructure to develop the Ohangwena Aquifer, making it the second primary source of bulk…
BIPA to Engage Stakeholders on Beneficial Ownership Sanctions
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced plans to consult with stakeholders on various concerns related to beneficial ownership sanctions. This consultation aims to address and clarify issues stakeholders have raised regarding the implementation…
Business is not for the Lazy
By: Mathias Hangala Theodor Tobias (22) and Michael Kapiye (26) epitomise the entrepreneurial spirit, having taken a leap of faith to build their own business from scratch. Tobias, with his last N$20, bought a pack of sweets to sell…
Inefficiency Creates 39% Public Investment Gap
By: Nghiinomenwa-vali Erastus A large portion of public investment in Africa is lost to inefficiency, creating an investment efficiency gap of 39%, which is higher than Europe (17%) and Asia (29%). This is according to an analysis by the…
Shifeta Calls for Initiatives to Boost Domestic Tourism
By: Ludorf Iyambo Minister of Environment, Forestry, and Tourism, Pohamba Shifeta, has urged stakeholders to join the government in creating more cultural heritage products to expand Namibia’s tourism offerings. This initiative aims to stimulate domestic tourism demand and enhance…
Ministry Warns of Major Public Health Concern Over Alcohol and Drug Use
By: Justicia Shipena The Ministry of Health and Social Services has warned that the current rate of alcohol and drug abuse in the country could turn into a major public health concern if left unabated. The Ministry’s Executive Director…