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China Denies Importing Raw Minerals from Namibia
By: Hertha Ekandjo China’s Industrial and Commercial Bank to Africa has denied claims that the Asian powerhouse has been importing raw minerals from Namibia, leaving the country with little to no tangible benefits for its people. The bank’s Deputy Chief Representative to Africa, Liu Jia, dismissed the claims and clarified that before reaching […]
Severe Water Scarcity Expected in Windhoek Soon
By: Nghiinomenwa-vali Erastus The City of Windhoek has issued a warning, indicating that due to water supply challenges in the central region, it will soon be compelled to declare a state of severe water scarcity, categorised as Category D in their water demand management strategy. Category D status signifies that demand can only […]
Trade Minister Calls on Private Sector to Address SME Funding Challenges
By: Dolly Menas Minister of Industrialisation and Trade Lucia Iipumbu has urged the private sector to develop funding mechanisms, especially tailored for Small and Medium Enterprises (SMEs), addressing the challenges they face in accessing finance. Responding to parliamentarian Maximalliant Katjimune’s motion to investigate obstacles surrounding SME financing in Namibia, Iipumbu emphasised the need […]
Rising TB Cases in Namibia a Concerns Shangula
By: Annakleta Haikera Namibia has seen a gradual uptick in tuberculosis (TB) cases over the past two years, elevating its position to the 11th highest TB incidence rate globally. In 2023, the country reported 9,200 TB patients, marking an increase from 8,604 cases in 2022, representing a 6.9% rise. Minister of Health and […]
Brazilian Ambassador Sees Potential Namibia-Brazil Collaboration in Green Hydrogen Sector
By: Justicia Shipena Vivian Sanmartin, the Brazilian ambassador to Namibia, expressed optimism about potential collaboration between Namibia and Brazil in the green hydrogen sector. This aligns with Namibia’s ongoing development of a green hydrogen project within the Tsau/Khaeb National Park, led by the government and Hyphen Energy. Scheduled to commence operations in late […]
Finance Ministry to Regulate Banking Fees … commercial banks rake in N$4.5 Billion in non-interest income including fees and charges
By: Nghiinomenwa-vali Erastus The newly enacted Banking Act empowers the Minister of Finance and Public Enterprises to regulate fees and charges imposed by banking institutions on their customers. This was revealed in the 2023 annual report of the Bank of Namibia. According to the central bank, complaints regarding exorbitant fees and charges levied […]
Türkiye Offers Namibia Energy Independence
By: Hertha Ekandjo Karpowership, a company from Türkiye, has extended an offer to Namibia, presenting an opportunity for the country to become a net energy producer without relying on energy imports from neighbouring countries. This unique proposition aims to avert Namibia’s energy crises in a short period without the need for land […]
EIF Plans to Raise N$300 Million Funding to Boost Green Youth Entrepreneurship
By: Justicia Shipena The Environment Investment Fund (EIF) is planning to launch a concessional loan facility aimed at empowering youth entrepreneurs engaged in green initiatives, with plans to scale up to N$300 million by the 2024/2025 fiscal year. EIF’s Chief Executive Officer, Benedict Libanda, revealed that in the previous fiscal year, the facility had […]
Average House Price Stands At N$1.2 Million
By: Nghiinomenwa-vali Erastus By the end of December 2023, the average or most common house on the market cost N$1.21 million, slightly higher than the N$1.19 million recorded during the corresponding period in 2022. This was revealed by the FNB in its latest House Price Index. House prices vary across regions, with the […]
15 Malaria Deaths Recorded With Over 6,000 Cases in 2024
By: Annakleta Haikera Namibia has reported 15 malaria-related deaths between January and March, with a total of 6,147 confirmed cases recorded so far this year. Addressing World Health Day commemorations in Rundu, Kavango East region, on Tuesday, Minister of Health and Social Services, Kalumbu Shangula, expressed concern over the doubling of malaria cases […]