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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 […]
World Food Should be Commemorated at Dumpsites … leaders oblivion about food crisis
By: Hertha Ekandjo The Basic Income Grants (BIG) Coalition has called on lawmakers to start commemorating the World Food Day at dumpsites in a show of solidarity with hundreds of people who flok the dumpsites in search of food. World Food Day is observed on 16 October annually, but in Namibia this year it was […]
Andrada Begins Polymetallic Mineralisation Exploration
By: Staff writer Namibia-based lithium, tin and tantalum miner Andrada Mining has begun an initial exploration programme at the Brandberg West exploration licence, at the opencast Brandberg West mine, in the Erongo region. The company confirmed the development this month, noting that the new prospecting programme will involve drilling over 3 000 m of the […]