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Fisheries Ministry Issues 148 Aquaculture Licences
By: Justicia Shipena The Ministry of Fisheries has issued 148 aquaculture licenses to date, aiming to facilitate the development of aquaculture through licences and permits for importing and exporting live aquatic organisms and aquaculture products. Deputy Minister of Fisheries…
No SOE Has Submitted 2023/2024 Financial Report
By: Hertha Ekandjo The Ministry of Finance has expressed growing concern as none of the public enterprises have yet submitted their financial reports for the 2023/2024 financial year. According to regulations, public enterprises are required to submit their financial…
Namibia Records Decline in Export Earnings While Import Bill Increases for May 2024
By: Justicia Shipena Namibia’s export earnings in May 2024 slightly decreased by 0.7% from April 2024, dropping from N$9.5 billion to N$9.4 billion, according to the monthly trade updates from the Namibia Statistics Agency. Conversely, the import bill for…
N$1,5 Billion Earmarked for Water Projects
By: Annakleta Haikera Government has earmarked N$1,5 billion to ensure the successful implementation of all projects under the Namibia Water Sector Support Program. The program has components in all regions, Minister of Agriculture Water and Land Reform, Carl Schlettwein revealed,…
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…