Search in the website:
News / Page 24
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 Johannes !Gawaxab reiterated this stance during the unveiling of the modified N$100 note in Luderitz, […]
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 individuals, while the real estate and business service sector accounts for 11.8%. The increase in […]
NFA Handling of Afcon Prize Money Under Scrutiny
By: Justicia Shipena Former Secretary-General of the Namibia Football Players Union, Olsen Kahiriri, now a sports analyst, has voiced concerns regarding the Namibia Football Association (NFA), alleging that it has used the country’s name to intimidate and mistreat national football team players. Kahiriri’s remarks stem from the treatment of Brave Warriors players following […]
Fuel Prices Set to Increase Following Months of Relief
By: Annakleta Haikera Motorists are bracing for an uptick in fuel prices as the Ministry of Mines and Energy announced price hikes for both petrol and diesel, effective Wednesday. According to the Ministry, petrol prices will rise by 152 cents per litre, while diesel will see an increase of 72 cents per litre. […]
Namibia’s Exports Halved, Trade Deficit Doubles
By: Staff Writer Namibia experienced a stark decline in exports last month, with trades plummeting from N$12.0 billion in January 2024 to N$6.1 billion, exacerbating the country’s trade deficit, which more than doubled. The significant decrease of 48.9% was primarily attributed to declines in the export of Namibia’s key commodities, notably a N$3.8 […]
BoN Declares N$511.5 Million Towards Govt’s Revenue
By: Justicia Shipena The Bank of Namibia (BoN) has declared a dividend of N$511.5 million to the government, which is about N$100 million from what it declared last year. This was announced by BoN Governor Johannes !Gawaxab during the launch of the central bank’s 2023 Annual Report on Tuesday. According to Gawaxab, the […]
Bank Windhoek Volleyball Tournament Attracts 487 Players
By: Nghiinomenwa-vali Erastus The 40th anniversary Doc Volleyball Tournament showcased the vibrancy of the sport economy, with 35 teams competing across men’s and women’s categories, totaling 487 players. Hosted by the Namibian Volleyball Federation (NVF) at The Dome in Swakopmund last weekend, the event, primarily sponsored by Bank Windhoek, distributed N$52,000 among the […]
Rhino Poaching Irks Tourism Stakeholders
By: Nghiinomenwa-vali Erastus Numerous tourism stakeholders are expressing growing concern over rhino poaching and are urging intensified efforts to protect the endangered wildlife and enhance conservation endeavours. This call comes after 28 rhinos were poached from national parks and private farms across the country within a span of three months. Shapaka Mwatile, the […]
O&L Group CEO and CCO to Step Down
By: Staff Writer Ohlthaver & List (O&L) Group has announced the resignations of their Chief Executive Officer (CEO), Wessie van der Westhuizen, and Chief Culture Officer (CCO), Sonja Thieme, effective 30 April 2024. In an internal communication shared by Sven Thieme, the Executive Chairman of the O&L Group, it was disclosed that Wessie […]
Paladin Achieves Commercial Production at Langer Heinrich After Six Years
By: Staff Writer Uranium producer Paladin Energy has announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine (LHM). Earlier in January, The Villager reported that the company secured a N$2.8 billion loan to restart commercial production at the LHM in the Erongo region. The mine had been dormant […]