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Namibia Expected to Cut Repo Rate
By: Justicia Shipena The Bank of Namibia (BoN) is expected to cut the by 25 basis points on today, bringing it down to 6.75%, with the prime lending rate shifting to 10.5%. In its last meeting, the Monetary Policy Committee (MPC) unanimously decided to lower the policy rate by 25 basis points to […]
Tributes Pour in for Namibia’s Late Founding President
By: Justicia Shipena African leaders have paid tribute to Namibia’s founding President, Sam Nujoma, following his passing on Saturday in Windhoek, after three weeks of hospitalisation. His death comes just days after Namibia marked the first anniversary of the passing of its third President, Hage Geingob, on 4 February. Nujoma, a towering figure […]
Namibia Courts Nigeria Over Oil & Gas Collaboration
By: David Shoombe Namibia is seeking to collaborate with Nigeria in its oil and gas sector, exploring potential partnerships in exploration, production, and refining. This was revealed by the chairperson of the Nigerian delegation during the fifth session of the Namibia-Nigeria Joint Permanent Commission of Cooperation held this week. The meeting aims to […]
Namibia-Angola Beef Trade Deal Still Not Finalised
By: Justicia Shipena Five years after Namibia and Angola began negotiating a cattle and meat trade agreement, the deal is yet to be finalised, leaving the anticipated framework for trade between the two nations in limbo. In 2020, reports suggested that the agreement was nearing finalisation, with a draft already approved and […]
Namibia Seeks Partners for Lamb Exports to China
By: Justicia Shipena Minister of Agriculture, Water and Land Calle says Namibia is looking for partners to facilitate the export of lamb to China. While Namibia has successfully exported beef to the Chinese market, the export of lamb is still in progress. In August 2024, the country announced plans to sign a protocol with […]
Demarcation Commission Rejects Proposals for New Regions … ten new constituencies proposed
By: Dolly Menas The Demarcation and Delimitation Commission has recommended adjustments to regional and constituency boundaries instead of establishing new ones. The Chairperson of the Commission, Petrus Unenegu, said they rejected various proposals to establish new regions because they were mindful of the risks associated with tribal and ethnic segregation. Such divisions could […]
Namibia’s Trade Deficit Improves by N$2.2 Billion
By: Staff writer Namibia’s trade deficit improved by N$2.2 billion between October and November last year despite the country’s import bill rising to N$17.7 billion in November. While Namibia recorded a N$5.5 trade deficit in November after exporting goods and services worth N$12.2 billion and incurring an import bill of N$17.7 billion, this […]
IPPs Allocated 120MW for Solar Energy Generation
By: Nghiinomenwa-vali Erastus The government has announced plans to generate an additional 330 MW of solar energy, with 120 MW allocated for private sector development. This is part of the country’s domestic energy generation targets for the next five years, announced by the Ministry of Mines and Energy, in line with the 2022 National Integrated […]
Parents Brace Financial Challenges as School Season Begins
By: Dolly Menas As the new academic year begins, parents are grappling with the financial strain of preparing their children for school after a typically costly festive season. With schools reopening today, families are balancing the expenses of uniforms, stationery, transportation, and extracurricular activities. Hileni Alupe, a parent, spoke about the financial challenges […]
Rain Floods Streets in Katima Mulilo’s Informal Settlements
By: Frans Sinengela Residents of Choto and nearby areas in Katima Mulilo’s informal settlements are grappling with inaccessible streets following recent heavy rains in the region. The flooding has disrupted daily activities and posed safety risks, leaving many residents frustrated. “The Town council must fix their roads, we are tired of walking in […]