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Namibia / Page 27
Okongo Farmer Grows Over 60 Banana Trees
By: Loise Shiimi A farmer from Okongo, Elia Wanghende who has been conducting research for many years on how to grow and maintain bananas, has managed to grow 60 plantain trees on his farm. Speaking to Eagle FM, Wanghende shared that a common misconception about certain fruits, like bananas, being unsuitable for the northern […]
Fraud Across Payment Systems Decreases
By: Dolly Menas The Bank of Namibia’s Financial System Stability Committee (FSSC) has reported a decline in fraud across payment systems in the country. The committee emphasised that Namibia’s payment systems and infrastructure remain secure, playing a crucial role in ensuring reliable transactions and contributing to the overall stability of the financial system. This […]
Sweeping Reforms Required to Support the Agricultural Sector
By: Nghiinomenwa-vali Erastus Economic leaders are calling for significant reforms to agricultural laws and policies to enhance output and growth in Namibia’s agricultural sector. Recently, Otjozondjupa Governor James Eurikua called for a review of the country’s livestock marketing strategy to reduce live exports. Similarly, Bank of Namibia Governor Johannes !Gawaxab emphasised the need for […]
Oshakati Hospital Commissions New Hemodialysis Machines
By: Ludorf Iyambo On Friday, Minister of Health and Social Services, Dr. Kalumbi Shangula, officially commissioned a new Dialysis Unit equipped with 15 hemodialysis machines at the Oshakati Intermediate Hospital. Shangula highlighted the long-standing need for renal dialysis services in the area, noting that patients had previously been required to travel great distances to […]
Namport Mandates Local Participation in the Oil and Gas Sector
By: Hertha Ekandjo The Namibia Ports Authority (Namport) has implemented a policy requiring all service providers in the oil and gas sector, looking to establish operations at the country’s ports, to include Namibian participation. This initiative aims to facilitate skill transfer to local professionals. Nangula Hamunyela, Chairperson of Namport’s Board of Directors, announced this […]
Govt Debt Reaches N$157.6 Billion Amid Economic Challenges
By: Hertha Ekandjo The government debt has surged by 8.3%, reaching N$157.6 billion at the end of June 2024, driven primarily by increased issuance of Treasury Bills (TBs) and Internal Registered Stock (IRS), alongside a rise in external borrowing. This rise in external debt is largely attributed to recent loans from the KFW Development […]
Current Laws Lack Clarity on Green Hydrogen Definition – Alweendo … minister warns of potential hurdles in global markets without standardisation
By: Justicia Shipena – New York, USA Mines and Energy Minister Tom Alweendo has emphasised the urgent need for specific legislation to regulate the growing green hydrogen industry. Speaking at the Namibia Green Hydrogen Forum in New York, Alweendo said the current legal framework lacks clear definitions for green hydrogen, a gap that […]
Namcor Repays Half of N$1,1 Billion Debt
By: Staff writer Namcor says it has spent N$550 million to settle some of its N$1,1 billion debt to international oil seller Gunvor. This comes after the company received a N$1.2 billion lifeline from state coffers. Namcor said the bailout helped it restore its financial credibility and strengthen relationships with trading partners. In […]
More Than 600,000 Micro Lending Loans Issued in 2023
By: Nghiinomenwa-vali Erastus Registered microlending entities in Namibia issued a total of 665,290 new loans with a combined value of N$3.6 billion in 2023. This represents a slight increase of 0.8% compared to the previous year, according to the Namibia Financial Institutions Supervisory Authority (Namfisa) 2023 annual report, released last week. There are […]
Namib Mills Probes Recalled Instant Porridge
By: Hertha Ekandjo Namib Mills is investigating the recall of its Top Score vanilla-flavoured instant maize porridge in South Africa following the tragic deaths of three children who consumed the product. The recall was reported in South Africa on Friday. Namib Mills’ Senior Brand Manager, Marné Bouwer, confirmed the company is aware of […]