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News / Page 17
Non-Bank Financial Sector Assets Near Half a Trillion Mark
By: Nghiinomenwa-vali Erastus The total assets of Namibia’s non-bank financial institutions reached N$474.1 billion by the end of December 2024, bringing the sector just a few million dollars shy of the half-a-trillion mark — and nearly three times the size of the country’s economy. According to the Namibia Financial Institutions Supervisory Authority (Namfisa) Quarterly Reports […]
Only Flood-Affected Farmers to Receive Drought Relief – Nandi-Ndaitwah
By: Loise Shiimi President Netumbo Nandi-Ndaitwah says only individuals whose fields were destroyed by floods will qualify for government drought relief support. Nandi-Ndaitwah was speaking during a visit on Saturday to relocation centers in the Omusati, Oshana, and Ohangwena regions. She assessed the living conditions of flood-displaced residents, monitored aid delivery, and evaluated relief […]
Tse Yaa Kuku Easter Tournament Unites Community Through Football
By: Hee-Dee Walenga The fifth edition of the Tse Yaa Kuku Easter Tournament kicked off on 18 April at Ota Mutala village near Eheke, drawing thousands of spectators and showcasing emerging and experienced football talent. The tournament concluded yesterday. A total of 28 youth teams and 10 legends teams are competing for more than N$75,000 […]
Ruacana Supplies 84% of National Electricity in Early 2025
By: Nghiinomenwa Erastus For the first two months of 2025, the Ruacana Hydro Power Station has generated 84% of the country’s electricity. Reducing the country’s power imports to around 40%, which is contrasting to the usual picture experienced in the year. This is according to the electricity sectoral reports for January and February 2025. As […]
Namibian Civil Technicians Eager to Upgrade Railway System
By: David Shoombe Namibian civil technicians and engineering students are calling for urgent upgrades to the country’s railway infrastructure. They emphasised its ability to drive national development, alleviate road congestion, and provide job opportunities for the youth. Ismael Sefanya, a technician and civil engineering student at the Namibia University of Science and Technology (NUST), said […]
MTC Expands with 37th Mobile Home in Oshikoto Capital
By: Staff Writer Residents of Omuthiya and surrounding villages will now have direct access to MTC services, as Mobile Telecommunications Limited (MTC) prepares to open its first mobile home in the town. In a statement this week, MTC announced that preparations are at an advanced stage to launch the new outlet — its 37th nationwide […]
Seven Months Later, HyRail Project Still Stalled
By: Justicia Shipena The HyRail project is still in concept mode after seven months. The dual-fuel hydrogen-diesel locomotives project, which was set to be fuelled by Namibian green hydrogen, was halted in September of last year. The temporary suspension came after the Development Bank of Namibia (DBN) and the Development Bank of Southern Africa approved […]
Windhoek Road Repairs Set to Cost N$15.2 Million
By: Nghiinomenwa-vali Erastus The City of Windhoek (CoW) has announced that it has earmarked approximately N$15.2 million for the repair of damaged road infrastructure across the capital. This was revealed in response to an opinion piece published by The Villager last week. According to the city’s management, the projected amount covers the initial phase of […]
Namibia Rakes in N$5.96 Billion in Mining Royalties Over Three Years
By: David Shoombe The Namibian government has collected N$5.96 billion in mining royalties over the past three years. This was revealed by the Minister of Industries, Mines and Energy, Natangwe Iithete, during the ministry’s workshop on draughting its Annual Strategic Plan in Ithete emphasised the ministry’s commitment to ensuring that the country receives its fair […]
European Firms Target N$430 Billion Investment in Namibia’s Green Hydrogen
By: David Shoombe At least seven European companies are seeking to invest in Namibia’s burgeoning green hydrogen sector, with a projected investment pipeline exceeding €20 billion (N$430 billion). This was revealed by Ana Beatriz Martins, European Union Ambassador to Namibia, during the official opening of the HyIron Oshivela Plant over the weekend. The HyIron Oshivela […]