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Ondangwa Town Council Supports Local Sports with Equipment Worth N$93,745
By: Loise Shiimi The Ondangwa Town Council has extended support to six local teams by providing them with football and volleyball equipment valued at N$93,745 in a bid to bolster sports development at the town. The beneficiary teams…
ABIn Bev Launches Second Phase of Okahandja Water Stewardship Project
By: Hertha Ekandjo ABIn Bev Namibia, in collaboration with the Municipality of Okahandja on Friday, commissioned phase two of the Okahandja Water Stewardship Project. The project is aimed at supporting the water-stressed communities of Okahandja with access to…
Loan Repayments Strain Individuals as Economy Faces Challenges
By: Nghiinomenwa-vali Erastus The Bank of Namibia’s recent annual report paints a troubling picture of the country’s economic landscape, with non-performing loans (NPLs) reaching N$6.5 billion by the end of 2023. Of these loans, 51% are attributed to…
Digital Currency Introduction Requires Thorough Justification – Bank of Namibia
By: Justicia Shipena Digital currency will only be introduced in the country when the central bank is fully convinced that such a move will not jeopardise the security and stability of the Namibian economy. The Central Bank’s Governor…
Old Mutual Group Reports N$91 Million Increase in Investment Returns in Namibia
By: Staff Writer The Old Mutual Group has announced a significant increase of N$91 million in its investment returns in Namibia for the year 2023 compared to the previous year. This was primarily fueled by higher interest rates…
BIPA Extends Annual Duty Penalty Waiver Grace Period
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced an extension of its Annual Duty Penalty Waiver Programme for an additional three months, now ending on 30 June 2024. The initiative launched late last year offers…
New CRAN Appointment Aims to Bolster Cybersecurity Defences
By: Staff Writer The Communications Regulatory Authority of Namibia (CRAN) has appointed Information Security Specialist Cornelia Shipindo as its new Cybersecurity Manager. Shipindo joins CRAN from Capricorn Group, where her role as an Information Security Specialist was pivotal…
‘More Transparency Crucial in Namibia’s Extractive Sector’
By: Dwight Links The Institute of Public Policy Research’s director, Graham Hopwood has stressed the importance of transparency with regards to activities in Namibia’s extractive industry to generate more awareness about industry. Speaking during a webinar hosting representatives…
Windhoek Draught Loses Market Share Despite Dominating As Top Namibian Brand
By: Justicia Shipena While Windhoek Draught maintains its position as the leading brand in Namibia, it has seen a decline in its market share. Peter Simons, Managing Director of Namibia Breweries Limited (NBL), revealed this information during the company’s…
Over N$380k Invested to Organise the Ruacana Easter Tournament
By: Loise Shiimi The Ruacanna Town Council this year spent over N$380 000 to host its 11th Easter tournament in a bid to boost the town’s economic development and boost domestic tourism through sports. Of that amount, close to…