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Schlettwein Urged To Settle !Khomanin Community Land Issues…as displaced generational workers roam Khomas corridors
By: Juliana Ikela Khomas Regional Governor, Laura Mcleod-Katjirua, has made a fervent appeal to the Ministry of Agriculture, Water, and Land Reform to address the land issues affecting the !Khomanin community. The governor made this call during the ongoing Agriculture Annual Planning week in the capital city. “Ensure that you acquire farms for […]
Namibia Makes 200 New Millionaires
By: Staff Writer Namibia has cemented its position in the top 10 wealthiest countries in Africa in terms of millionaires, with an additional 200 millionaires reported since last year. According to the latest 2024 Africa Wealth Report by investment migration consultancy Henley & Partners, Namibia, along with Mauritius, Morocco, Zambia, Kenya, Uganda, and […]
Repo Rate To Remain at 7.75% Economists Predict
By: Justicia Shipena Economists anticipate the Bank of Namibia’s Monetary Policy Committee (MPC) to maintain the repo rate at 7.75% due to the substantial rate difference compared to South Africa. Robert McGregor, an economist at Cirrus Capital said after South Africa chose to maintain its repo rate at 8.25 percent, Namibia would not have […]
Zambia Cuts 60MW Power Export to Namibia
By: Nghiinomenwa-vali Erastus Namibia’s electricity import from Zambia has been reduced by 60MW, dropping from 180MW to 120MW, following Zambia’s announcement of power cuts and export limits due to drought conditions affecting its hydropower generation. Zambia, traditionally the largest electricity supplier to Namibia since the decline in South African supply, has faced challenges due […]
Namibia’s Trade Links with Mercosur Countries at 2% after Eight Years
By: Justicia Shipena Namibia’s trade with Mercosur, the Southern Common Market, currently stands at just two percent. Mercosur, is a South American trading alliance comprising Argentina, Brazil, Paraguay, and Uruguay, which aims to promote free trade and facilitate the unrestricted flow of goods, individuals, and money. During a meeting with a 10-member delegation from […]
Shiimi Sets NamRa’s Collection Target at N$85 Billion… taxpayers refunded N$10.4 billion
By: Staff writer The Namibia Revenue Agency (NamRa) has adjusted its revenue collection target from N$81 billion to N$85 billion, as revealed by the agency’s Commissioner, Sam Shivute. Over the last three years since its inception, NamRa’s collection targets have seen significant increases. Shivute acknowledged this shift in targets but expressed confidence in meeting them. […]
Vehicle Sales Soar in March
By: Staff writer March 2024 witnessed the highest vehicle sales since July 2016, with 1,451 units sold last month, just 89 units shy of the 1,540 sold in the same month eight years ago. Out of the 1,451 units sold in March 2024, 1,269 were sold to dealerships, 182 to rental agencies, and […]
Alweendo Imposes Moratorium on Power Export License Applications
By: Nghiinomenwa-vali Erastus Minister of Mines and Energy, Tom Alweendo, has imposed a moratorium on the issuance of generation licences for export purposes. Effective from March 5, 2024, this temporary suspension will last for 18 months or until the existing challenges within the transmission network are resolved, as announced by the Electricity Control Board […]
MAWLR Upgrades Henties Bay Water Pipeline
By: Hertha Ekandjo The Ministry of Agriculture, Water, and Land Reform (MAWLR) initiated two crucial water infrastructure projects in the Erongo region last Thursday. These projects involve replacing a five-kilometre section of the Henties Bay water supply pipe and upgrading the 10-kilometre section of the Kuiseb Collector 2 Schwartze Kuppe Swakopmund pipeline. The primary […]
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration expenditure has benefitted domestic companies, with the bulk of investments flowing abroad. The oil and […]