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Household Debt Surges by N$2.1 Billion in 2023
By: Hertha Ekandjo Household debt climbed to N$66.8 billion in December 2023, a notable increase from N$64.7 billion in December 2022, as revealed in Simonis Storm Securities’ (SSS) latest Private Sector Credit Extension report. Corporate debt also experienced a slight uptick, reaching N$45.9 billion in December 2023 compared to N$45.8 billion the […]
Farmers Urged to Transform Agricultural Practices for Resilience
By: Nghiinomenwa-vali Erastus The Agricultural Bank of Namibia has called on farmers to embrace transformative measures to mitigate climate-related losses. Agribank’s Technical Advisor for crops and poultry, Hanks Saisai, in a statement issued this week highlighted the challenges faced by farmers, particularly the impacts of climate change such as erratic rainfall, recurring droughts, […]
Geingob’s Prolonged Absence From Office ‘Inconsequential’
By: Justicia Shipena President Hage Geingob’s prolonged absence from office due to ill health cannot affect the resumption of the government’s programmes for the year, analysts say. Geingob who since last week delegated Vice president Nangolo Mbumba to act as President in his absence has not returned to office despite returning from […]
Engen Signs Exclusive Fuel Sponsorship With WBC
By: Dolly Menas The Walvis Bay Corridor Group (WBCG) and Engen Namibia have formalised a fuel sponsorship Memorandum of Agreement (MoA), designating Engen as the exclusive fuel sponsor for WBCG effective from 1st February. Valued at N$100,000, the year-long MoA builds upon Engen’s earlier support of N$100,000 during the 2020 Covid-19 outbreak. […]
Ministry Refutes TotalEnergies ‘Shareholder’s’ Corruption Claims
Justicia Shipena The Ministry of Mines and Energy has strongly refuted allegations of corruption and favouritism in the country’s energy sector related to the handling of oil and gas exploration licences. This follows a letter, purportedly from a TotalEnergies shareholder and addressed to the company’s Chairman and CEO, Patrick Pouyanne, which implicated key […]
Extreme Heat Threatens Crops in Kavango East/West Region
Annakleta Haikera Subsistence farmers in the Kavango East/West region have expressed concerns that the week-long heatwave they have been grappling with could cause irreparable damage to their crops. Despite receiving good rainfall over the past few months, the two Kavango regions have been experiencing an unusual increase in temperature over the past week […]
Long-Term Affordability Challenges to Persist in the Housing Market
Justicia Shipena In its latest House Price Index report, the First National Bank (FNB) has signalled concerns over long-term housing affordability challenges that are expected to persist, further impacting the housing market. Additionally, the bank anticipates a modest reduction in interest rates, contributing to the overall constrained conditions in the property sector. “The […]
Rising Concerns over Cervical Cancer in Namibia
Jeremiah Joseph The Ministry of Health and Social Services has raised alarms over the rising number of cervical cancer cases in the country with over 130 women reportedly dying from the disease annually. According to the Ministry, about 236 Namibia women are diagnosed with cervical cancer annually Health’s Deputy Minister Esther Muinjangue emphasised […]
O&L Leisure Unveils Luxury Fleet at Mokuti Etosha
Staff Writer O&L Leisure has unveiled an impressive fleet of premium Land Cruisers at Mokuti Etosha, marking a strategic move to offer exclusive nature-based experiences in line with its new premium positioning. Sven Thieme, O&L’s Executive Chairman and Acting Managing Director, provided insights into the initiative, emphasising that investments in premium products go beyond […]
NSA to Launch Reconciliation Operation This Week
By: Dolly Menas The Namibia Statistics Agency (NSA) is set to initiate a reconciliation process this week to address any disparities in the data captured during the 2023 Population & Housing Census. This operation is scheduled to last for two weeks, during which NSA officials will revisit households with individuals whose details, as […]