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Namibia / Page 19
Banking Sector Liquidity Rises to N$6.7 Billion
By: Staff writer The overall liquidity level for the banking sector in Namibia grew by N$800 million in two months after averaging N$6.7 billion in October 2024 from the N$5.9 billion recorded in September 2024. The Bank of Namibia attributed the rise in market cash balances primarily to cash inflows from coupon […]
Choppies Fined N$2,2 Million for Backdoor Acquisition of Supermarket
By: Nghiinomewa-vali Erastus The Namibia Competition Commission has fined Choppies Retailer N$2.2 million for acquiring Grootfontein Supermarket and Grootfontein Bottle Store without notifying the regulator. Choppies was fined after the Commission’s investigation found that they contravened Section 44 read with Sections 51 and 53 of the Competition Act. According to NaCC, Choppies and […]
Cabinet Approves Local Content Policy for Petroleum Sector
By: Dolly Menas Cabinet has approved the National Upstream Petroleum Local Content Policy. The policy aims to promote economic sovereignty and reduce Namibia’s dependency on foreign expertise and build its local capacity. Cabinet has also mandated the Minister of Mines and Energy to share the policy with industry players and stakeholders in all […]
946 GIPF Beneficiaries Owing NamRA Excluded from Refunds
By: Justicia Shipena The Government Institutions Pension Fund (GIPF) says approximately 946 beneficiaries with outstanding tax obligations to the Namibia Revenue Agency (NamRA) will not receive refunds unless the revenue agency provides updated tax directives. This follows an announcement that GIPF will disburse over N$118 million in tax refunds to 24,173 qualifying beneficiaries […]
BoN Enhances Tools to Monitor Non-Performing Loans
By: Staff Writer The Bank of Namibia (BoN) has introduced advanced supervisory measures to strengthen the stability and resilience of the banking sector. Guided by the Basel Core Principles, the updated Early Warning System (EWS) and Prompt Corrective Action (PCA) frameworks are designed to proactively identify and address risks before they escalate. One key […]
Namibians to Elect Fifth President and 8th National Assembly… as head of state calls for peaceful election
By: Justicia Shipena and Kavee Vezemburuka Today, Namibians are casting their votes in a pivotal election to choose the country’s fifth President and members of the eighth National Assembly. Over 1.4 million registered voters are expected to participate in what President Nangolo Mbumba has described as a “patriotic contribution to the consolidation of […]
Minister Urges Small Businesses to Expand and Capitalise on the AfCFTA
By: David Shoombe Minister of Industrialisation and Trade, Lucia Iipumbu, has called on local entrepreneurs to expand their businesses and seize opportunities within the African Continental Free Trade Area (AfCFTA). Speaking at the handover ceremony of the Equipment Aid Scheme (EAS) to business owners from the Khomas, Otjozondjupa, and Omaheke regions on Monday, […]
No Money, No Election, No Voting
By: Annakleta Haikera Around 300 polling officials in Kavango East staged a peaceful protest on Sunday, demanding an increase in their daily training allowance from the Electoral Commission of Namibia (ECN). The officials, drawn from constituencies including Rundu Rural, Rundu Urban, Mashare, and Ndonga Linena, threatened to boycott their duties if their demands […]
Police Ready for Presidential Elections…no alcohol permitted on elections
By: Dwight Links The Namibian Police Force says it is ready to maintain security in the country during the Presidential and National Assembly elections scheduled for Wednesday this week. Nampol’s deputy inspector-general, Elias Mutota, said the police is ready to ensure that voting takes place under a “safe, secure and peaceful environment”. Part […]
100 Chickens Provided to Families Living with Disabilities
By: Annakleta Haikera A family of five living with disabilities in Musese village, Kavango West, has benefited from a chicken-rearing project aimed at improving their quality of life. The initiative is part of a collaboration between the Food and Agriculture Organisation (FAO) and the Japanese Embassy to support livelihoods, food security, and resilience in […]