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Namibia / Page 2
Shiimi Sets NamRa’s Collection Target at N$85 Billion… taxpayers refunded N$10.4 billion
By: Staff writer The Namibia Revenue Agency (NamRa) has adjusted its revenue collection target from N$81 billion to N$85 billion, as revealed by the agency’s Commissioner, Sam Shivute. Over the last three years since its inception, NamRa’s collection targets have seen significant increases. Shivute acknowledged this shift in targets but expressed confidence in meeting them. […]
Vehicle Sales Soar in March
By: Staff writer March 2024 witnessed the highest vehicle sales since July 2016, with 1,451 units sold last month, just 89 units shy of the 1,540 sold in the same month eight years ago. Out of the 1,451 units sold in March 2024, 1,269 were sold to dealerships, 182 to rental agencies, and […]
MAWLR Upgrades Henties Bay Water Pipeline
By: Hertha Ekandjo The Ministry of Agriculture, Water, and Land Reform (MAWLR) initiated two crucial water infrastructure projects in the Erongo region last Thursday. These projects involve replacing a five-kilometre section of the Henties Bay water supply pipe and upgrading the 10-kilometre section of the Kuiseb Collector 2 Schwartze Kuppe Swakopmund pipeline. The primary […]
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration expenditure has benefitted domestic companies, with the bulk of investments flowing abroad. The oil and […]
China Denies Importing Raw Minerals from Namibia
By: Hertha Ekandjo China’s Industrial and Commercial Bank to Africa has denied claims that the Asian powerhouse has been importing raw minerals from Namibia, leaving the country with little to no tangible benefits for its people. The bank’s Deputy Chief Representative to Africa, Liu Jia, dismissed the claims and clarified that before reaching […]
Severe Water Scarcity Expected in Windhoek Soon
By: Nghiinomenwa-vali Erastus The City of Windhoek has issued a warning, indicating that due to water supply challenges in the central region, it will soon be compelled to declare a state of severe water scarcity, categorised as Category D in their water demand management strategy. Category D status signifies that demand can only […]
Trade Minister Calls on Private Sector to Address SME Funding Challenges
By: Dolly Menas Minister of Industrialisation and Trade Lucia Iipumbu has urged the private sector to develop funding mechanisms, especially tailored for Small and Medium Enterprises (SMEs), addressing the challenges they face in accessing finance. Responding to parliamentarian Maximalliant Katjimune’s motion to investigate obstacles surrounding SME financing in Namibia, Iipumbu emphasised the need […]
Rising TB Cases in Namibia a Concerns Shangula
By: Annakleta Haikera Namibia has seen a gradual uptick in tuberculosis (TB) cases over the past two years, elevating its position to the 11th highest TB incidence rate globally. In 2023, the country reported 9,200 TB patients, marking an increase from 8,604 cases in 2022, representing a 6.9% rise. Minister of Health and […]
Brazilian Ambassador Sees Potential Namibia-Brazil Collaboration in Green Hydrogen Sector
By: Justicia Shipena Vivian Sanmartin, the Brazilian ambassador to Namibia, expressed optimism about potential collaboration between Namibia and Brazil in the green hydrogen sector. This aligns with Namibia’s ongoing development of a green hydrogen project within the Tsau/Khaeb National Park, led by the government and Hyphen Energy. Scheduled to commence operations in late […]
Finance Ministry to Regulate Banking Fees … commercial banks rake in N$4.5 Billion in non-interest income including fees and charges
By: Nghiinomenwa-vali Erastus The newly enacted Banking Act empowers the Minister of Finance and Public Enterprises to regulate fees and charges imposed by banking institutions on their customers. This was revealed in the 2023 annual report of the Bank of Namibia. According to the central bank, complaints regarding exorbitant fees and charges levied […]