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Namibia / Page 172
Ndama residents choose between cooking, drinking or bathing
Annakleta Haikera Some residents in Ndama informal settlements of Rundu in Kavango East say they are tired of having no access to water. They also blame the Rundu town council for not providing them with development in their communities, stating they sometimes go thirsty for three or four days and are forced to pay N$5.00 […]
DBN Offers Struggling Businesses Safety Net
By:Nghiinomenwa-vali Erastus Various businesses that owe the Development of Bank of Namibia (DBN) and have been struggling to repay their debts have now an option to exchange some of their debt for equity to the bank for a certain period. However, this only applies to those businesses that show positive prospects and the probability of […]
Tourism Board Faces ALiquidity Risk …as it incurred a deficit of N$19 million
By:Justicia Shipena Entrusted with implementing the national policy on tourism the country, the Namibia Tourism Board (NTB) now faces a liquidity risk. This was revealed in the latest NTB’s audit report released by auditor general Junias Kandjeke. The audit was conducted for the 2020/21 financial year. “The board is exposed to liquidity risk, which is […]
DBN Offers Struggling Businesses Safety Net
By:Nghiinomenwa-vali Erastus Various businesses that owe the Development of Bank of Namibia (DBN) and have been struggling to repay their debts have now an option to exchange some of their debt for equity to the bank for a certain period. However, this only applies to those businesses that show positive prospects and the probability of […]
Canadian Mining Firm Acquires Interest in Mining and Prospecting Licences
By:Staff writer Canadian-based mining firm Madison Metals has acquired 90% direct interest in Mining Licence 86A (ML86A) and Exclusive Prospecting Licence 8905 (EPL-8905) with 10% free carry in favour of the vendor (the “Transaction”). ML86A and EPL-8905 together share a land package of 7.86 square kilometres located approximately 51 km east-northeast of Swakopmund and southwest […]
Mayor Lying About CEO Appointment, Says IPC Windhoek Councillor
By:Hertha Ekandjo Independent Patriots for Change (IPC) councillor Bernardus Araeb has accused City of Windhoek mayor Sade Gawanas of not being honest about investigations into Conrad Lutombi’s appointment as the city’s chief executive officer(CEO). Confirmation of Lutombi’s appointment has been delayed by urban and rural development minister Erastus Uutoni until an investigation into claims that […]
Local Insurance Companies Pay Out Billions in Life Insurance Claims
By:Justicia Shipena Between the first quarter of 2020 and the first quarter of 2022 local insurance companies have paid out over N$20 billion in claims from life insurance policies. This is according to economists at Simonis Storms on vehicle sales for the month of October. According to the report, the billions paid in life insurance […]
Govt Wantsto Borrow N$3 Billion in Five Months
By:Nghiinomewnwa-vali Erastus For the remaining five months of the current 2022/23 financial year ending 31 March, the government is expected to borrow about N$3 billion from individual and institutional investors. This is after the government’s total borrowing needs for the current financial year was reduced by N$400 million, from N$12.6 billion to N$12.2 billion, the […]
Cost of Living Up as Inflation Shoot Up To 7.1%
By:Hertha Ekandjo The annual inflation rate which indicates the price movement of most consumed goods and services in the economy has gone up by 7.1% in October 2022, says the Namibia Statistics Agency (NSA) monthly report. This is a significant increase compared to the 3.6% recorded in October 2021, significantly impacting the cost of living […]
Opinion Column Titled: The Unconventional and Unorthodox Thoughts We preach so much about tourism but are we conserving and preserving?
By Kandjengo kaMkwaanyoka My girlfriend called me a coward after I refused to kill a spider she found in the shower early in the morning. I told her that I cannot kill it because it is part of the ecosystem. Then I went back to sleep. She has since been mad at me. On the […]