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Borders Closed for 10 Fresh Produce Items in October
By: Loise Shiimi Namibia’s horticultural sector continues to meet local demand for various fruits and vegetables, leading to the closure of borders for the importation of 10 out of the 20 products on the special controlled products list from 1 to 31 October. In a notice issued on 24 September by the Namibian […]
65% of Namibian Pork Imports Came from Germany in August
By: Nghiinomenwa-vali Erastus Namibia imported 724,174 kg of pork, primarily in the form of offal, processed, and fresh pork, to supplement local production last month. This was revealed by the Namibia Livestock and Livestock Product Board (LLPB) in its monthly statistics and commentary report for August 2024, released last week. According to the […]
Okongo Farmer Grows Over 60 Banana Trees
By: Loise Shiimi A farmer from Okongo, Elia Wanghende who has been conducting research for many years on how to grow and maintain bananas, has managed to grow 60 plantain trees on his farm. Speaking to Eagle FM, Wanghende shared that a common misconception about certain fruits, like bananas, being unsuitable for the northern […]
Fraud Across Payment Systems Decreases
By: Dolly Menas The Bank of Namibia’s Financial System Stability Committee (FSSC) has reported a decline in fraud across payment systems in the country. The committee emphasised that Namibia’s payment systems and infrastructure remain secure, playing a crucial role in ensuring reliable transactions and contributing to the overall stability of the financial system. This […]
Namib Mills Faces Loss Following Instant Porridge Recall
By: Hertha Ekandjo and Loise Shiimi Namib Mills says it expects to suffer substantial financial losses following the recall of its Top Score instant porridge, after an incident in South Africa where two minors tragically died. While it is still too early to provide exact figures, the company’s Senior Brand Manager, Marné Bouwer, said […]
Namcor Repays Half of N$1,1 Billion Debt
By: Staff writer Namcor says it has spent N$550 million to settle some of its N$1,1 billion debt to international oil seller Gunvor. This comes after the company received a N$1.2 billion lifeline from state coffers. Namcor said the bailout helped it restore its financial credibility and strengthen relationships with trading partners. In […]
More Than 600,000 Micro Lending Loans Issued in 2023
By: Nghiinomenwa-vali Erastus Registered microlending entities in Namibia issued a total of 665,290 new loans with a combined value of N$3.6 billion in 2023. This represents a slight increase of 0.8% compared to the previous year, according to the Namibia Financial Institutions Supervisory Authority (Namfisa) 2023 annual report, released last week. There are […]
Namib Mills Probes Recalled Instant Porridge
By: Hertha Ekandjo Namib Mills is investigating the recall of its Top Score vanilla-flavoured instant maize porridge in South Africa following the tragic deaths of three children who consumed the product. The recall was reported in South Africa on Friday. Namib Mills’ Senior Brand Manager, Marné Bouwer, confirmed the company is aware of […]
Southern African Bank to Fund Lobito Railway Corridor…initiative to challenge Namibia’s ambition to become Africa’s gateway
By: Nghiinomenwa-vali Erastus The Lobito Corridor Railway Project, which will connect the town of Lobito in Angola and its under-construction oil refinery to DRC, has secured US$200 million (N$3,5 billion) in funding. The funding will come from the Development Bank of Southern Africa (DBSA) and the U.S. International Development Finance Corporation (DFC). According […]
Otavi Residents and Businesses Owe N$75 Million in Unpaid Fees
By: Uakutura Kambaekua The municipality of Otavi is grappling with a severe financial crisis due to widespread non-payment of taxes and service rates. In response, the council has urged consumers to settle their outstanding debts or arrange payment plans to avoid service disconnections. Otavi Chief Executive Officer (CEO) Sakaria Haulofu told The Villager […]