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Namibia / Page 129
Government Forked Out N$2,4 Billion For Resettlement Farms
By:Nghiinomenwa-vali Erastus From 1990, the government, through its Land Reform Programme, has bought 3,4 million hectares of land (571 farms) at the cost of N$2,4 billion. It has resettled 5,458 beneficiaries after the first land conference in 1991. This is contained in the Land Reform Statistics for the 2021/2022 financial year issued by the Ministry […]
Vehicle Sales Rise Despite Looming Repo Rate Increase
By:Staff writer An increase in the interest rate could not deter the vehicle sales sector recording its highest sales in nearly six years. At least 1,226 units were sold in March, compared to 1,280 units sold in July 2017. Bank of Namibia (BoN) is set to announce the Monetary Policy Committee’s (MPC) decision on the […]
Africa Is Losing Billionaires And Potential Investors
By:Nghiinomenwa-vali Erastus A large number of billionaires have left Africa over the past 20 years or so, according to the Africa Wealth Report 2023 As a result of their migration from the continent, they are affecting the ability of countries in Africa to create employment, the report highlighted. The report is a guide to Africa’s […]
Mines Are Not Here To Operate Forever – Mining Commissioner
By:Hertha Ekandjo and Nghiinomenwa-vali Erastus Mining Commissioner Isabella Chirchir said mining companies are not here to operate forever as the minerals are not infinite. Chirchir was reacting to the news on the phased closure of Namibia’s largest gold mine in the country, B2Gold’s Otjikoto mine. For the first two months of 2023, the gold miners […]
Taxpayers Will Fund Abortion If Legalised
By:Hertha Ekandjo Representative of the Christian Coalition of Churches in Namibia, Stewarn Horn says that from a tax perspective, if abortion is legalised the taxpayers will carry the burden. Horn said the reason is that abortion will be executed or done at state hospitals and the cost would be on taxpayers’ pockets. He said this […]
Croc-Prone Kavango East/West Villages To Get Boreholes
By:Annakleta Haikera Government plans to install 43 boreholes at villages which have been prone to crocodile attacks in the Kavango East and West regions. This was revealed by deputy Executive Director for Water Affairs in the Ministry of Agriculture Elijah Ngurare following numerous reports of crocodile attacks in these two regions. Most of the deaths […]
42% Households Use Bushes, Riverbeds To Relieve Themselves
By:Nghiinomenwa-vali Erastus About 43% of households countrywide have no toilet facilities and use bush, riverbeds, and fields. This is common in rural areas with 64.6% compared to urban areas at 22.6%. This is according to the Namibia Census Mapping Reports (2019-2021) by Namibia Statistics Agency (NSA) that was released at the end of 2022. Most […]
Lionel Mathews Undecided About Namcor Offer
By: Justicia Shipena Lionel Matthews declined to confirm if he will be taking on the position of acting Managing Director of the troubled National Petroleum Corporation of Namibia (Namcor). The former Nedbank Managing Director, now advisor to the Ministry of Finance and Public Enterprises, met with the line Minister Iipumbu Shiimi and Namcor’s board and […]
Expect Another Repo Rate Hike Next Week
By: Justicia Shipena With the inflation increase, economists at Simonis Storm project that the Bank of Namibia (BoN) will hike the repo rate by 25 basis points. The central bank is expected to announce the repo rate on 19 April, after the Monetary Policy Committee (MPC) in February resolved to increase the repo rate by […]
CIF Calls On Tender Requirements To Met AfDB Policies … says AfDB pre-qualification requirements excludes Namibian contractors
By: Justicia Shipena Despite existing procurement policies and laws of the African Development Bank (AfDB), efforts need to be made to engage local majority Namibia-owned businesses. This was the view of the Construction Industries Federation of Namibia (CIF). CIF recently met with an AfDB delegation in Namibia ahead of a public tender for the upgrade […]