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Namibia is in the final stages of signing an agreement that will see the country gaining access to China’s grape market of 1.3 billion people. This is estimated to earn the country N$200 million seasonally from China’s market. Currently, the…
Shania Lazarus
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As at the end of 2024, cash loan businesses in the country were owed N$8.1 billion. This is according to the quarterly report of the Namibia Financial Institutions Supervisory Authority (Namfisa), which regulates the non-banking financial sector. The report says…
Shania Lazarus
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President Netumbo Nandi-Ndaitwah’s inauguration was marred by logistical and diplomatic issues, leading her to allegedly suspect sabotage. The president allegedly told top state officials that the event was sabotaged by senior government officials who moved the event from Independence Stadium…
Shania Lazarus
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Master Southern Africa has officially launched the Core Namibia Norm, a psychometric benchmarking tool specifically designed for the Namibian workforce. The new tool is set to make hiring more fair and inclusive by changing the way employers assess cognitive abilities…
Shania Lazarus
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The government collected N$5.96 billion in royalties from mining companies last year. Minister of industries, mines and energy Natangwe Ithete, during the ministry’s annual retreat yesterday, said the ministry will continue to make sure the country gets its fair share…
Shania Lazarus
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In case a commercial bank fails, the Namibia Deposit Guarantee Fund now has N$30.3 million to compensate depositors who may have lost money through the closure of that bank. This was announced by Florette Nakusera, the head of the Namibia…
Shania Lazarus
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The Government Institution Pension Fund (GIPF) has decided to increase monthly pension payouts by 4% to match Namibia’s current inflation rate. According to GIPF CEO Martin Inkumbi, the pension benefit increase is effective from 1 April for all GIPF pensioners,…
Shania Lazarus
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President Netumbo Nandi-Ndaitwah has called for the establishment of a nuclear power plant in Namibia, saying the country’s rich uranium resources should be used to drive national development and energy security. The president said this during her official visit to…
Shania Lazarus
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Calls for immediate revision of willing buyer-willing seller policy Deputy prime minister Natangwe Ithete has attributed northern Namibian communities’ vulnerability to seasonal flooding to colonial-era land dispossession and displacement. Speaking at Oshakati on Saturday, Ithete said the historical forced movement…
Shania Lazarus
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The Namibia Grape Company has paid its first dividend of N$10 million to the National Youth Service (NYS). The NYS has said the money will be used to recruit more people and enhance agricultural projects. In a ceremony held yesterday,…
Shania Lazarus
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Cabinet is reportedly forcing the return of former Meatco chief executive officer (CEO) Mwilima Mushokabanji, who is accused of failing to rescue the state-owned meat entity from financial ruin. Mushokabanji’s return could signal another key decision by president Netumbo Nandi-Ndaitwah’s…
Shania Lazarus
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A short distance from the Omafo-Ongenga road, Jona Hangula (39) and his family sit under a thorn tree. Next to them is a tent, which he says has been housing them for the past two weeks after they had to…
Shania Lazarus
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