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Namibia / Page 53
SOEs Have Turned into Financial Parasites – Baumann
By: Justicia Shipena As the National Assembly awaits the tabling of the 2024/2025 national budget today, human rights activist Linda Baumann has criticised the operations of the state-owned enterprises (SOEs) arguing that the entities have now morphed into financial parasites draining the government’s resources. Finance Minister Iipumbu Shiimi is poised to present the […]
Katjimune Calls for Probe into SME Financing Challenges
By: Dolly Menas Lawmaker Maximalliant Katjimune has called upon parliament to launch an investigation into the obstacles surrounding Small and Medium Enterprise (SME) financing in Namibia. Katjimune contends that such an inquiry is essential to enhance access to funding and unlock the economic potential of the sector. SMEs constitute a crucial component of […]
Potato Farm Training for Small-Scale Farmers as Country Battles Imports
By: Loise Shiimi With Namibia importing 65% of its potatoes from South Africa, valued at N$538 million annually, the Namibian Agronomic Board (NAB), in collaboration with the National Association of Horticulture Producers (NAHOP), is conducting free training sessions for small-scale farmers. These training sessions have already covered various towns across Namibia, including Gobabis, […]
Demand for Otjomuise Plots Surges … but outlook for construction sector remains gloomy
By: Staff Writer Otjomuise has emerged as a hotspot for construction activity, recording the highest value of approved house plans by the City of Windhoek for January 2024, totaling N$18.2 million. Financial analysts at Simonis Storm Securities attribute this surge in approved building plans in Otjomuise, particularly in the extension five area, to […]
Grey-listing Could Negatively Affect Namibia’s GDP by 6%
By: Staff writer Namibia’s recent grey-listing by the anti-money laundering watchdog Financial Action Task Force (FATF) could have a detrimental impact on the country’s Gross Domestic Product (GDP) by up to 6%. The grey-listing occurred on Friday following a review last week, prompted by Namibia’s failure to implement all 72 recommended actions […]
World Leaders Bid Farewell to Statesman Geingob
By: Justicia Shipena Numerous global leaders gathered at the Independence Stadium in Windhoek over the weekend to pay their final respects and bid farewell to departed Namibian President Hage Geingob before he was buried on Sunday at Heroes Acre. The memorial service held on Saturday, was attended by representatives from 27 countries including […]
Late President Geingob Laid to Rest … former Presidents urge nation to emulate Geingob
By: Nghiinomenwa-vali Erastus President Hage Geingob, who passed away after a brief battle with cancer, was laid to rest at Heroes Acre on Sunday. The funeral drew thousands of mourners, including 25 heads of state and former presidents. As a mark of respect for his service, Geingob received a 21-gun salute from the […]
‘Time for Genocide Apology’ – German President
By: Justicia Shipena German President Frank-Walter Steinmeier has expressed remorse for the atrocities committed by Germany during its colonial rule in Namibia between 1904 and 1908. Steinmeier conveyed his regret while delivering a final tribute to Namibia’s late President, Hage Geingob, at the memorial service held over the weekend. Geingob, who passed away […]
NSFAF Recovery Campaign Nets Only N$41 Million in Three Years…Publication of defaulters’ names remains a possibility
By: Hertha Ekandjo Since the launch of its national recovery campaign in 2021, the Namibia Student Financial Assistance Fund (NSFAF) has managed to recover approximately N$41 million from over 95,000 beneficiaries who owe the institution. However, out of the vast sum owed to NSFAF, totaling over N$9 billion, only around 4,000 beneficiaries have […]
Analysts Urge Responsible Spending Ahead of Election Year
By: Dolly Menas As Namibia gears up for the upcoming general elections scheduled for November, experts are advocating for prudent government spending, particularly in critical sectors like education and healthcare. Speaking at a pre-budget public discussion on Tuesday, Salomo Hei, Managing Director of High Economic Intelligence (HEI), highlighted the expectation of increased government […]