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Ondangwa Records N$1.1 Billion in Property Transactions Over Last Decade
By: Hee-Dee Walenga Speaking on Eagle FM’s land and property development programme, Ulwazi, former President of the Namibia Institute of Town & Regional Planning, Fransisco Neshila, provided some insight into the land and property development environment of Ondangwa. Ondangwa has totalled 1,993 land & property transactions since 2016 worth a total market value of […]
SACU Members Agrees to Deploy N$5 billion to New Fund
By: David Shoombe The 9th Summit of the Southern African Customs Union (SACU) Heads of State has agreed to establish a Regional Innovative Funding Mechanism with an initial capitalisation of N$5 billion spread over the 2027/28 and 2028/29 Financial Years. The Heads of SACU States, including Namibia’s president, Netumbo Nandi-Ndaitwah, met in Cape […]
Oshana N$37.18 million Multipurpose Digital Hub Opened
By: Peneyambeko Jonas The opening of the Rössing Foundation Multipurpose Digital Hub in Ondangwa has provided a reminder that Namibia’s future prosperity may depend as much on what happens inside classrooms, laboratories, and technology centres as it does on what is extracted from mines. Built through a N$37.18 million investment by Rössing Uranium […]
Entrepreneurs Call For a New Economic Focus as Capital Costs Rise
By: Peneyambeko Jonas “Why is it that other African countries are growing their economies through manufacturing, value addition and industrialisation, while Namibia continues to depend largely on importing finished products?” Founder of Water Engineering Africa, Tangeni Nghiwewelekwa, posed this question during a discussion on the recent increase in the repo rate by the […]
External Economic Shocks Threaten NDP 6 Ambitions
By: David Shoombe The Bank of Namibia announced an increase in the repo rate from 6.50% to 6.75%, noting how the Namibian economy had been adversely affected by global economic uncertainty arising from the conflict in the Middle East. Presenting the monetary policy statement, Bank of Namibia governor Ebson Uanguta stated that the […]
Namcor Aligns with Competitor’s 3-Month Fuel Monopoly
By: Peneyambeko Jonas and Nghiinomenwa-vali Hangala The National Petroleum Corporation of Namibia (Namcor) has welcomed the fuel procurement by the government that gives Vitol a monopoly to supply the country’s bulk fuel for three months. This is despite the corporation wanting the same arrangement 6 years ago, which was not allowed due to […]
Pasta Presents Scalable Intra-African Export Opportunity
By: Nghiinomenwa-vali Hangala An impact assessment of Namibia’s industrialisation potential and AfCFTA readiness shows that the Namibian pasta industry has potential to be scaled for African and global export. Uncooked pasta presents a scalable intra-African export opportunity for Namibia, with US$27 million in unrealised intra-African export potential and US$34 million globally by 2030. […]
Africa Must Connect its Fragmented Trade Infrastructure
The president of the Africa Finance Corporation (AFC), Samaila Zubairu, states that in championing the continental developmental agenda, African infrastructure must be linked and coordinated to allow smooth trade and development. “Infrastructure must be approached not as a series of discrete projects, but as integrated systems that link energy, transport, and industry to markets.” Zubairu […]
Nam Can Explore 5 Pathways to Solve Housing Crisis
By: Nghiinomenwa-vali Hangala According to the Inclusive and Sustainable Urban Development institute, Namibia can pursue 5 approaches to solve its housing crisis. This was stated during the Bank of Namibia Housing Research Symposium that happened last month. The organization has conducted qualitative research on the enablers and barriers to adequate and sustainable housing for (Ultra-) […]
Namibia Air Feasibility Study Has Been Completed
By: Nghiinomenwa-vali Hangala A feasibility study to assess the commercial viability of reviving the national airline under Namibia Air has been completed, shared Works and Transport Minister Veikko Nekundi in Parliament. The country’s first airline was liquidated due to a pile of debts from aircraft owners to airport operators and others. The Minister was responding […]