Justicia Shipena Total private sector debt stands at N$119.1 billion, says Simonis Storm Securities in its April private sector credit extension report published on Thursday. This debt, which is 57.8% of the the country’s gross domestic product (GDP), includes both households and companies, with the latter accounting for 38.6% and non-residents firms accounting for 6.3%. […]

Justicia Shipena Beneficiaries of the Okahandja Open Market stalls dropped a bombshell on the municipality and telecommunications company MTC, stating the facility is small and located far away from customers. The Okahandja municipality and MTC inaugurated the open market on Thursday. Mara Tjazerua, a beneficiary who read a demand letter on behalf of the vendors, […]

Josef Kefas Sheehama There is a strong conviction that key stakeholders have the will and the capabilities to develop a robust credit market that will deliver on consumer's rights inclusion. Therefore, there is a need for legislative reform of consumer credit to deal with the complex consumer market. These changes will make it easier for […]

Hertha Ekandjo The water levels of the three major water dams that supply the central area of Namibia (CAN) with water have dropped by 23.1%. The levels of the Omatako, Von Bach and Swakoppoort dams, all combined, are currently at 36.1% of full capacity compared to 59.2% during the same period in 2021/22.This was revealed […]