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IUM Inaugurates N$45 Million Eenhana Campus
By: Loise Shiimi The International University of Management (IUM) on Tuesday inaugurated its N$45 million state-of-the-art campus in Eenhana, Ohangwena region. The investment is expected to reap socio-economic benefits for the town and region, with IUM founder David Namwandi stating that the goal is to make education accessible to all at an affordable rate. This […]
Local Contractors Can Deliver On Houses – Kambwa Construction
By: Justicia Shipena Local businessman Sheehama David believes Namibian contractors have the expertise and capacity to successfully deliver housing projects but are held back by financial limitations that delay completion. His remarks come after Namibia Housing Enterprise (NHE) handed 64 houses constructed by NHE, the Ondangwa Town Council and David’s Kambwa Construction Company last week. […]
300 Potential Jobs Affected Over Alleged GIPF Investment Decision
By: Uaueza Kanguatjivi Investment company Baobab Capital says over 300 potential jobs will not materialise due to the Government Institutions Pension Fund (GIPF) terminating a N$140 million investment agreement four years ago. The company was deregistered by the Namibia Financial Institutions Supervisory Authority (Namfisa), with its directors accused of conflicting interests, abuse of power and […]
Shifeta Calls for Stricter Sand Mining and Waste Management Regulations
By: Justicia Shipena Environment and Tourism Pohamba Shifeta says there is a need to enforce policies to regulate sand mining and waste management under the Environmental Management Act. Sand mining has become a pressing issue, especially in northern Namibia. In recent years, residents have raised concerns over alleged illegal sand mining activities. Sand mining involves […]
Circulation Concerns Raised Over New N$60 Banknote
By: Uaueza Kanguatjivi Financial analysts have raised concerns over the circulation challenges the new N$60 banknote may pose, following its launch last week. The N$60 Dr. Hage Geingob commemorative bank note was launched to honour the late Head of State’s 60 years of service to Namibia, according to Bank of Namibia governor Johannes! Gawaxab. The […]
Windhoek Needs N$7 Billion to Solve Housing Woes
By: Justicia Shipena The City of Windhoek’s (CoW) housing crisis has intensified, with the municipality estimating that at least N$7 billion is required to address the growing demand for affordable housing. The City’s Strategic Executive for Housing, Property Management, and Human Settlement Faniel Maanda revealed this recently. Windhoek’s housing demand is soaring as people flock […]
Namibia’s Food Records Trade Surplus
By: Staff writer Namibia recorded a trade surplus of N$264 million on food items after exporting N$1.7 billion worth of food, excluding live animals, while importing N$1.4 billion of the same. The trade surplus was attributed to fish exports which stood at N$1.3 billion, which was mostly exported to Spain, Zambia and Italy. Fish was […]
N$62 Million Spent on Maerua Mall Expansion Project
By: Uaueza Kanguatjivi Oryx Properties has spent N$62.3 million on its Maerua Mall development project thus far, following N$38 million capital expenditure on the project during the six months between 1 July and 31 December 2024. The property firm has also made N$7 million in capital commitments towards the first phase of the Maerua Mall […]
Namdia Mum on Diamond Recovery Details
By: Justicia Shipena Namibia Desert Diamond (Namdia) says it cannot disclose where N$40.6 million worth of stolen diamonds were recovered as part of ongoing investigations. The SOE revealed on Thursday that it had recovered some of the N$314.9 million worth of diamonds that were stolen from its premises in January. “That is part of the […]
Utoni Nujoma Praises Father’s Vision on Inga Dam Deal for Namibia
By: Justicia Shipena Late Founding President Sam Nujoma’s son Utoni Nujoma has praised his father for championing national projects, particularly those involving water, such as the Inga Dam project, in which Namibia was initially involved. The billion-dollar Inga Dam project was designed to address the growing power deficit in the Southern African Development Community (SADC). […]