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SACU to Maintain External Tariff Despite US ‘Reciprocal’ Measures
By: Nghiinomenwa-vali Erastus The Southern African Customs Union (SACU) has resolved to maintain its common external tariff despite the United States imposing reciprocal tariffs on SACU member states last month. Lesotho and South Africa have been the most affected by these measures. The decision was announced in a statement issued on […]
N$700,000 Worth of Cattle Stolen from Namibia to Angola
By: Annakleta Haikera Cattle valued at approximately N$783,000 were stolen from Shayiwe village in Namibia’s Kavango East Region, Mukwe constituency, and driven across the border into Angola on 10 May 2025. Deputy Commissioner Bonifatius Kanyetu confirmed the incident to The Villager Newspaper. According to Kanyetu, armed suspects confronted a cattle herder […]
Nam to Start Backing Currency with Gold
By: Nghiinomenwa-vali Erastus As part of its evolving foreign exchange reserve management strategy, the Bank of Namibia will begin accumulating gold to diversify and strengthen the country’s reserve assets. The central bank aims to allocate 3% of its foreign exchange (FX) reserves to gold, a move it says is aligned with global trends in central […]
Govt to Borrow N$29.8 Billion This Year…N$21.2 Billion to Be Sourced Locally
By: Nghiinomenwa-vali Erastus The government plans to borrow N$29.8 billion during the 2025/26 financial year to meet its budgetary requirements and other financial obligations. Of this amount, N$21.2 billion will be raised from the domestic market, according to the finalised Borrowing Plan released by the Bank of Namibia on behalf of the government. […]
Rundu Govt Garage Handles 80% of Vehicle Repairs In-House
By: Annakleta Haikera The Rundu Government Garage has completed up to 80% of vehicle repairs in-house over the past 10 months. The garage spent N$1.2 million on spare parts. Senior Artisan Foreman Samuel Gebhardt revealed this on Monday, saying the shift has reduced the garage’s reliance on external service providers. “Most of the parts we […]
Mining Sector Pumps Over N$24 Billion into Local Economy
By: Justicia Shipena The mining industry spent N$24.154 billion on goods and services from Namibian businesses in 2024. This represents 46.2% of the sector’s total revenue of N$52.295 billion. The figures were revealed by the President of the Chamber of Mines of Namibia, Zebra Kasete, in his Mining Industry Review for 2024. “Despite a challenging […]
Quota Auctions Raise Red Flags in Fishing Sector
By: Justicia Shipena Matti Amukwa, Chairperson of the Confederation of Namibia Fishing Associations, says government quota auctions are reaching prices that do not show the real economic value of the quotas. He says the prices ignore the National Development Plan goals of creating jobs and adding value. Speaking at the annual fishing industry address on […]
Nandi-Ndaitwah Prioritises Youth Empowerment in SONA
By: Justicia Shipena President Netumbo Nandi-Ndaitwah has placed youth empowerment at the centre of her government’s plans. During her state of the nation address (SONA), Nandi-Ndaitwah announced new reforms aimed at reshaping Namibia’s economy and social development. The address, delivered under the theme “Unity in Diversity, Natural Resources Beneficiation and Youth Empowerment for Sustainable Development”. […]
Eluwa Special School to Make Agriculture a Core Skill
By: Loise Shiimi Eluwa Special School in Ongwediva will make agriculture a core skill for its learners by 2026. The school principal, Loide Shipopyeni, told Eagle FM about the move, adding that it is part of efforts to teach practical and relevant skills to their learners. Eluwa Special School teaches students with intellectual, hearing, and […]
Ondangwa Town Council Commits Job Attachments for COSDEC Trainees
By: Loise Shiimi The Ondangwa Town Council and COSDEC Ondangwa signed a memorandum of understanding (MoU) to strengthen cooperation in vocational training and youth empowerment. The agreement sets out the terms for collaboration between the two institutions, with a focus on providing job attachments and community-based employment opportunities for COSDEC trainees. Chief Executive Officer Ismael […]