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Namibia / Page 13
Half a Million Individual Clients Have Bank Loans
By: Nghiinomenwa-vali Erastus Of the 706,275 economic participants who borrowed money from commercial banks by the end of last year, around 555,098 are individuals clients. Data analysed from the central bank, however, indicates that some of these individual clients are struggling to service N$3.7 billion of the loans extended to them by the […]
Govt Spending May Shift Due to Fishrot Legal Aid – Analyst Warns … experts say legal aid is a right for all
By: Justicia Shipena, Uaueza Kanguatjivi Government spending priorities could be impacted if legal aid is granted to the Fishrot accused, consumer analyst Salomo Iipinge has warned. He cautioned that using public funds to defend high-profile corruption suspects could set a precedent for similar cases in the future. Highlighting the economic implications, Iipinge […]
Oil Not Accounted for Economic Growth in 2025
By: Justicia Shipena Oil exploration will not contribute to Namibia’s economic growth this year, according to the Bank of Namibia (BoN). Central Governor Johannes !Gawaxab emphasised the uncertainty surrounding oil exploration, stating that while significant investments are being made, the associated risks remain high. “We have not accounted for oil exploration to […]
Entrepreneurs Call for Female Financial Inclusivity
By: Uaueza Kanguatjivi Female entrepreneurs are calling for systemic transformation to ensure that women and marginalised groups gain greater access to economic opportunities. Despite 79.8% of eligible women now being financially included, surpassing the 76.1% of men, investment opportunities remain largely untapped, particularly for women entrepreneurs. Business mentor Twapewa Kadhikwa emphasised the importance […]
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 […]
Ndonga Linena Residents Praise Nujoma for Green Scheme Initiatives
By: Annakleta Haikera Residents and leaders in the Kavango East region have commended former President Sam Nujoma for his role in initiating the Ndonga Linena Green Scheme in 2003. Nujoma, often praised as a visionary in agricultural development, played a pivotal role in establishing the scheme, which has since transformed the local economy […]
Value Addition: Turning Mushrooms into Biscuits, Tea, and Soup
By: Mathias Hangala Value addition has been at the forefront of discussions surrounding policy and economic growth in recent years. Abner Tomas, who hails from Oniipa in the Oshikoto region, transformed his passion for farming and mushrooms into a niche business by producing biscuits, tea, and soup through his enterprise, Ndaka Mushrooms (NM). […]
GIPF Fights to Halt Sale of Shares in N$450 Million Trust
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) has approached the courts to prevent private equity and fund management company Myrtle Growth Capital from selling shares in the Namibia Mid-Cap Fund Trust, a fund to which GIPF committed N$450 million. Myrtle Growth is accused of attempting to sell shares in several portfolio companies […]
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 […]
City Yet to Quantify Costs for Flood-Related Relocations
By: Justicia Shipena The City of Windhoek (CoW) has yet to determine the total costs incurred in relocating residents affected by recent floods, with expenses covering water provision, transportation, and sanitation infrastructure. City spokesperson Lydia Amutenya told Eagle FM that while an exact figure is not yet available, costs have been absorbed internally, […]