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Namibia / Page 60
Five Green Schemes Have Potential To Replace Grain, Other Imports…as Schlettwein criticises AgriBusDev for failures
By: Justicia Shipena Minister of Agriculture, Calle Schlettwein, has confirmed that some strides are being made in a few of the government’s in-grain production efforts, however, has strongly criticised the now-defunct Agricultural Business Development Agency (AgriBusDev) for its failure to ensure the success of the country’s green schemes. According to the ministry, the Etunda Green […]
China Tops Namibia’s Export Markets in November 2023, Led by Onions
By: Justicia Shipena In November 2023, China emerged as Namibia’s leading export market, while South Africa maintained its position as the primary supplier, according to the Namibia Statistics Agency (NSA) Merchandise Trade Statistics Bulletin Report. “Namibia’s trade composition by partner showed that China emerged as Namibia’s largest market for exports and South Africa maintained […]
Ucom Mobile Namibia Spectrum Licence Revoked Over Non-payment
By: Nghiinomenwa-vali Erastus The Communication Regulatory Authority of Namibia (CRAN) has revoked the Spectrum Licences awarded to Ucom Mobile Namibia (Pty) Ltd (MTN) due to non-payment and allegations of spectrum hoarding. The company obtained its Spectrum Licences in November 2014 and April 2020. According to CRAN, the cancellation is a consequence of Ucom […]
Angula Assumes CEO Role at Letshego
By: Staff Writer Former Chief Commercial Officer of Mobile Telecommunication Company (MTC), Melvin Angula, has officially taken on the role of CEO at Letshego Micro Financial Services Namibia. Angula, renowned for spearheading digital transformations and delivering top-notch customer services in the telecommunications sector, is expected to usher in a new era of leadership […]
Farmers Told to Keep Livestock Out of Town at Opuwo
By: Uankutura Kambaekua The Opuwo Town Council has issued a pressing warning to livestock owners, urging them to maintain proper fences and prevent animals from straying beyond the town’s boundaries. Opuwo continues to face challenges with an expanding animal population, posing unique challenges. Recently, the Town Council discovered a significant number of animals, […]
Neckartal Dam Not Expected to Reach Full Production in the Next Five Years
By: Dolly Menas, Justicia Shipena Agriculture Minister Calle Schlettwein anticipates that the Neckartal Dam Project in the ||Karas region will be operational in the next three to four years, offering 15,000 job opportunities. However, Schlettwein does not expect the project to reach its full production in the next five years. The ambitious endeavour, […]
Parents Struggling With Expensive Pupils Stationery Lists
By: Juliana Iikela and Joseph Jeremia Many parents are struggling with the affordability of stationeries and other school supplies for their children despite having been given ample time to purchase them. Although schools handed out lists of required stationeries and other supplies to pupils in December last year, some still turned up with […]
Namibia-Germany Tensions Unlikely to Affect Projects Valued at N$12.9 Billion
By: Justicia Shipena Developmental projects under implementation in Namibia with the help of the German government are expected to remain unaffected amid diplomatic tensions between the two states. President Hage Geingob recently criticised Germany’s decision to support Israel in the ongoing genocide case at the International Criminal Court of Justice (ICJ), citing the […]
Trustco Group Sets Sights on N$2.4 Billion Capital Infusion
By: Justicia Shipena Trustco Group Holdings Ltd has outlined plans to raise N$2.4 billion from shareholders, signalling its commitment to harness Namibia’s economic potential. In a media release on Tuesday, the group announced ongoing negotiations with significant investors, underscoring its confidence in Namibia’s promising economic future and Trustco’s proven ability to channel capital […]
Treasury Bills Remain Popular, But Auction Off to a Peculiar Start
By: Nghiinomenwa-vali Erastus Fixed-income assets offered by the government continue to be the preferred choice for capital through auctions by the central bank, given the persistent budget deficit faced by the central government. However, the initial bond auction for the year has seen the government rejecting various bids and obtaining less than its planned […]