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NABTA Says Proposed Fuel Levy Increase Will Cost Drivers
By:Hertha Ekandjo Namibia Bus and Taxi Association (NABTA) Secretary General Pendapala Nakathingo, says Namibian drivers cannot afford a spike in fuel prices. This comes after the Road Fund Administration (FRA) said, in order to meet a N$4.3 billion funding gap for road upgrades and maintenance, it needs an increase in the fuel levy. The fuel […]
Cost Of Consumables Increased By More Than 5% …back gardens, side hustles, or dig more on your wallet
By:Nghiinomenwa-vali Erastus Money became expensive last week for those who plan to borrow and fund their consumption. At the same time, by the end of March of 2023, 50% of consumable prices have gone up by 5%. The latest inflation figures from the Namibia Statistics Agency for March 2023 show that out of the 12 […]
Namibia Gets N$1.8 Billion Loan To Address Water Issues
Justicia Shipena, Annakleta Haikera The African Development Bank (AFDB) has granted Namibia a loan of N$1.8 billion for its water sector support programme (NWSSP). Agriculture Minister Calle Schlettwein, made this revelation during the weekend’s celebration of the Samora Machel and Moses ||Garoëb constituencies’ open defecation free status. The NWSSP is designed to cover critical, urgent […]
Namibian-Chinese Joint Venture To Build 50 MW Wind Power Plant
By:Staff writer Namibia’s power utility, NamPower, and CERIM Luderitz Energy, a joint venture between Energy China and locally owned Riminii Investments, on Monday signed power purchase and transmission connection agreements. This is to develop a 50 MW wind power plant in the coastal town of Luderitz, southwestern Namibia. The envisaged wind power plant will be […]
Student Funding And Debt Forum Scheduled For Saturday
By:Nghiinomewa-vali Erastus The Namibia National Students Organisation (Nanso) has announced that it will host a Student Funding and Debt Forum on the 22 April. In a statement released on Wednesday, the student body said it will host students to discuss their challenges regarding education funding. The Forum is themed, ‘Addressing the Student Debt and Funding […]
Investment By Corporates Delivers 395 Houses …government promises to capitalise SDFN with N$10 million
By:Nghiinomenwa-vali Erastus Three corporate leaders have invested N$18 million for the construction of 395 houses across the country, the Shack Dwellers Federation of Namibia (SDFN) has revealed. Ohorongo Cement, the FirstRand Namibia Foundation and the Pupkewitz Foundation partnered to support the construction of the 395 low-income houses since 2016. At the ground breaking ceremony held […]
IPPs Want To Export Electricity To The Southern Africa Power Pool
By:Nghiinomenwa-vali Erastus The Electricity Control Board is (ECB) reviewing 17 renewable energy generation licence applications, most of which want to generate electricity to sell it to the Southern Africa Power Pool. This is despite Namibia’s own significant generation deficit, which led to the country importing around 70% of its power from Zambia, South Africa, Zimbabwe, […]
Best Occupancy Rates Recorded In 2023 Since Covid
By:Justicia Shipena The national occupancy rate for the first quarter of 2023 displayed excellent results since the start of the global Covid-19 pandemic. In the first quarter of 2023, the occupancy rate was on average 36.5%, according to a Simonis Storm Securities report. “Nonetheless, this is the best first quarter occupancy rate since the onset […]
GIPF Approves Investment In 146 MW Renewable Energy Generation
By:Fransina Nghidengwa The country’s biggest pension saving fund has approved an additional investment to generate 146 megawatts of power, coming online in the national grid in the next 12 months. The Government Institutions Pension Fund (GIPF) Chief Executive Officer, David Nujoma announced this development during a panel discussion on environment, social, and governance adoption in […]
Minimum Wage Recommendations Report With Utoni Nujoma …Minister to to decide whether to make It public or not
By:Justicia Shipena The content of a report by the Minimum Wage Commission, has been in the hands of Labour Minister Utoni Nujoma for more than a year without action. In February 2021, Nujoma appointed the Commission and tasked it with investigating the possibility of introducing the National Minimum Wage (NMW). Upon the completion of the […]