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Namibia / Page 73
Revived Rundu Abattoir Kicks-off With a Bang
By:Nghiinomenwa-vali Erastus The recently reopened Rundu Abattoir has recorded the slaughter of 632 cattle during August and September 2023, signifying increased demand for markets by Northern Communal Farmers. The Rundu abattoir has been dormant since 2014 and since its N$40 million revival in August, farmers in the Northern Communal Areas (NCA) have jumped at the […]
Kenya to Scrap Visa for African Visitors
By:Nghiinomenwa-vali Erastus Kenya is set to eliminate visa requirements for all African visitors by the end of this year, a move meant to improve the country’s trade relations with other nations. This decision, announced by President William Ruto at a recent climate change conference, aligns Kenya with countries such as Seychelles, The Gambia, and Benin, […]
AgriBanks’ Non-Collateral Loan Product Still Underutilised
By: Nghiinomenwa Erastus The Agricultural Bank of Namibia says its non-collateralised loan product tailormade to help communal and small scale farmers with needed capital is still underutilised about eight years after it was launched. When it was launched in 2017, Agribank said the loans will range from N$5 000 to N$500 000 per individual client […]
Namibian Phosphate Mining Faces Uncertainty … Developers Seek Government Guidance
By: Justicia Shipena The developers of a phosphate mining project in Namibia are seeking clear guidance from the government regarding the project’s future. Specifically, they are looking for direction on whether to proceed with its development or not. In a meeting held with the Parliamentary Standing Committees on Natural Resources and the Committee on Economics […]
SOEs Bailouts Impacting Social Investments, says Shiimi
By: Justicia Shipena Finance and Public Enterprise Minister Ipumbu Shiimi has expressed concern that the continuous financial bailouts provided to state-owned enterprises are diverting resources from essential social investments. Shiimi raised the concern as he presented the mid-term budget review in the National Assembly yesterday. The review follows the 2023/24 National Budget that Shiimi tabled […]
Water Director Apologises for Inoperable Boreholes … Urges Community Involvement
By: Annakleta Haikera The director of rural Water Supply and Sanitation Coordination in the Kavango West region, Ricardo Sikongo, has expressed his regrets for the hardship faced by residents due to the non-functional boreholes in the area. In response to the ongoing water crisis, he has encouraged residents not to rely solely on the […]
Gabon, Niger, CAR, and Uganda to Be Removed from AGOA … African Leaders Contemplate AfCFTA
By: Nghiinomenwa-vali Erastus The President of the United States of America, Joe Biden, has announced his intention to terminate the participation of Gabon, Niger, Uganda, and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program. This decision comes in the wake of reported “gross violations” of internationally recognised human rights […]
Namibia Faces N$4 Billion Revenue Loss from Undeclared Trade
By: Staff Writer Namibia has incurred potential revenue losses of N$4 billion over a three-year period due to undeclared trade transactions. This revelation emerged in a joint statement by the Bank of Namibia and the Namibia Revenue Agency (NamRA) during the launch of the Trade Verification System (TVS), set to be officially unveiled on November […]
Over 13 000 Tonnes of Uranium Oxide Shipped in Two Years: China the Largest Beneficiary
By: Nghiinomenwa-vali Erastus The two leading uranium producers in the country have extracted and processed 13,402 tonnes of uranium oxide over the past two years, with the majority of these exports directed to China and other uranium-enriched nations. Chinese owned, Swakop Uranium’s Husab Mine, extracted 7,861 tonnes of uranium oxide (U3O8), while Rossing Uranium extracted […]
Approximately N$20m Required Annually for Windhoek’s Electrification Plans
By: Nghiinomenwa-vali Erastus The Windhoek Municipality will require an annual budget of between N$15 million to N$20 million to electrify 4,000 households over the next five years. This was announced by Windhoek’s Deputy Mayor, Magdalena Lombardt, during the inauguration of the Informal Areas Electrification Project – Otjomuise Ext. 6 & 7 – Phase II. Lombardt […]