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Rundu Town Council Proposes N$284 Million Budget for 2025/2026
By: Annakleta Haikera The Rundu Town Council has proposed a capital project budget of N$284,1 million for the 2025/26 financial year, marking a 15% increase from the previous year’s budget of N$245,995,825. This was announced during a recent meeting between council representatives and residents, held in the Kavango East region. The council’s […]
60 Out of 121 Constituency Youth Enterprise Proposals Ready for Financing
By: Nghiinomenwa-vali Erastus A report by the National Council Standing Committee on Education, Science, ICT, and Youth Development has revealed that 60 out of 121 proposals under the Constituency Youth Enterprise Initiative are ready for financing. The Committee shared its findings following engagements with the now-dismantled Ministry of Sport, Youth and National Services. […]
5 Hours to Clear an Importing Truck at Trans-Kalahari Border Post
By: Nghiinomenwa-vali Erastus A Time Release Study (TRS) carried out at the Trans-Kalahari Border Post has revealed that it takes about 5 hours to clear imported goods and 4 hours to clear goods for export. The TRS conducted from 15 – 25 January 2024 aimed to identify trade bottlenecks and establish baseline clearance times for […]
281,906 kg of Hides and Skins Exported in the First Quarter
By: Nghiinomenwa-vali Erastus From the 24,207 cattle slaughtered in Namibia in the first quarter of 2025, the country was able to produce another product beyond beef, which is animal hides, which were exported to 4 countries. Updates from the Livestock and Livestock Products Board of Namibia show that in the first quarter of 2025, the […]
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 […]