By:Carmen Forster This is the third article in the series on ‘Understanding the Context of Pensions in Namibia in 2023’. We have been looking at the Namibian pension provision per the Pillars defined in the World Bank Pension Provision Model. The first article covered Pillar 0 and we commenced with a consideration of Pillar 2 […]
By:Staff writer Total spudded the Venus-1A well on March 4. It will also re-enter the original discovery and test both wells. Impact Oil & Gas has secured additional financing through an open offer, allowing it to stay the course inNamibia where drilling is ongoing. The company raised $95 million (N$1.7 billion), it said, from existing […]
By:Justicia Shipena The Eenhana sports complex, which has been under construction for almost ten years, is nearing completion and will be in the hands of the Sports Ministry by June of this year. This was revealed by the Minister of Sport, Youth and National Service Agnes Tjongarero in the National Assembly while replying to queries […]
By:Justicia Shipena Standard Bank Namibia Holdings Limited raised N$400 million in debt capital markets funding in 2022 through a green bond sale, said its outgoing Chief Executive Officer Mercia Geises. The bank has released its annual report for 2022 in which it stated that the funds will be utilised to support renewable energy projects. “The […]
By: Frederick Clayton and Sonja Smith XhukaShorty and his family are San, an indigenous group of people in southern Africa. Eight years ago, he and 16 members of his family were evicted from the farmland where they had lived and worked as laborers for generations. Left to survive off Shorty’s monthly pension of N$1300, they […]
By:Nghiinomenwa-vali Erastus December 2020 to date, real private sector credit extension has been negative, indicating that less credit has been extended to the private sector, saysstockbroker and wealth management company, Simonis Storm. The last time annual real private sector credit extension has grown by 5%% or more was in 2015. Simonis Storm stated that credit […]
By:John Saunderson In 2007 I joined the City of Windhoek as Head of Passenger Transport Regulation. At the time, the City had experienced poor public transport infrastructure, bus services and budgets. Now, the public bus transport service is essentially a subsidised business and was viewed as a candidate for privatisation. For the first about two […]
By:Staff writer The technology and communication provided by Paratus Namibia has been the key element in preserving the balance in the ecosystem of the Skeleton Coast and northwest Namibia. The area is home to the once near extinct desert lions. Due to the work of conservationist Philip (Flip) Stander, their numbers have increased from just […]
By: staff writer A group of 56 children came to Czechoslovakia in the 1980s but had to leave after six years; many would like to return.Many of them still consider Czechia to be their home, and they would like to return. Czech Government Commissioner for Human Rights KláraŠimáčkováLaurenčíková drew attention to the story of Namibian […]
By:Nghiinomenwa-vali Erastus In its quest to promote entrepreneurship, Mobile Telecommunication Company (MTC) has started providing seed capital to its own employees to support their side hustles. MTC said it has channelled N$1,8 million in financial support to its employees to fund their part-time entrepreneurial ventures. The country has been battling access to funding for entrepreneurial […]