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Russian Owned Company Accused of Drilling Irregularities
By: Justicia Shipena Russian-linked mining company, Headspring Investments has been accused of contravening drilling regulations that required the company to properly seal and grout numerous boreholes it drilled since 2012. Headspring Investments is a subsidiary of Uranium One…
Namport, TIL N$4.2 Billion Deal Nears Conclusion
By: Hertha Ekandjo The Namibian Ports Authority (Namport) is currently in the final stages of negotiating the last details of its 25-year, N$4.2 billion management deal with Terminal Investment Limited (TIL). Last year in November, Namport’s Chief Executive…
Surviving the Harsh Desert Environment – Meet Utuseb’s Townfolk
By: Dwight Links Located 54 km outside of Namibia’s coastal town Walvis Bay, lies the small settlement of Utuseb. Here, the community is nestled along the Kuiseb River on one side, while the opposite river bank is bordered…
Households Credit Growth Slows to Lowest Since 2021…corporate credit extension reaches N$46 million in January
By: Hertha Ekandjo While individuals typically turn to banks and cash loan service providers in what is often referred to as “Janu-worry” to kick-start the year, the first month of 2024 witnessed the slowest credit growth uptake by…
70% of Namibia’s Pork Imports Originated from Germany in January 2024
By: Nghiinomenwa-vali Erastus Namibia imported 431,250 kg of pork in January 2024 to meet local consumption demands, according to monthly statistics compiled by the Livestock and Livestock Products Board of Namibia. The data revealed that 70.8% of the…
Taxi Drivers Feel Excluded from National Budget
By: Loise Shiimi Northern taxi drivers have expressed disappointment in the latest national budget, stating that it overlooks the transportation industry and fails to address the challenges posed by rising fuel costs. Shivolo Mathews, their spokesperson, called for…
MTC Supports Luderitz Crayfish Festival with N$115,000 Donation
By: Staff Writer The Mobile Telecommunications Ltd (MTC) has extended its Corporate Social Responsibility efforts to the ||Karas region with a generous commitment of N$115,000 to support the successful hosting of the renowned Luderitz Crayfish Festival. The company’s…
Windhoek Allocates 227 Erven for New Township
By: Staff writer The Windhoek Municipality has earmarked 25 hectares, comprising 227 erven, for the establishment of a new township within the city, to be named Rocky Crest Extension 8. This initiative by the City of Windhoek aims…
Namibia Loses 631 Rhinos to Poaching Over the Last Decade
By: Hertha Ekandjo Despite boasting a healthy population of wildlife species and a reputable conservation effort globally, Namibia has suffered the loss of 631 rhinos to poaching over the last decade. Recent poaching statistics reveal a troubling trend:…
Increased Transaction Fees and Loan Book Expansion Drive Capricorn Group’s Profits
By: Staff Writer Capricorn Group, the parent company of Bank Windhoek, has reported a substantial increase in profits after tax, amounting to N$827.6 million for the period between July 1st and December 31st last year. This marks an 18.5%…