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Community Housing Group Wins Prestigious Award …… amidst a dire housing situation in Namibia
By Staff writer The critical housing situation in the country has made housing a luxury for many Namibians. At least 16% of the population live in shacks or improvised housing units. Statistics from the Namibia Statistics Agency show that about 336 000 Namibians have been condemned to live in corrugated iron-sheet shack dwellings. Namibia faces […]
Half Of Sub-Saharan Africa Is In The Dark
By:Nghiinomenwa-vali Erastus An assessment by the World Bank and International Monetary Fund’s economists indicated that about half of the population of Sub-Saharan Africa does not have access to electricity. Those with electricity pay on average nearly twice as much as consumers elsewhere in the world. Power shortages cost the continent about 2-4% of GDP a […]
Investors Continue To Channel Capital To Govt’s Fixed Income Assets
By:Nghiinomenwa-vali Erastus Between 1 December 2022 and 6 January 2023, investors have offered N$9,7 billion to the government in exchange for treasury bills (TBs), the Bank of Namibia TB Auction results for the 01, 08, 15, 22 December 2022, and 05 January 2023 show. The government was, however, only able to borrow N$5,7 billion, resulting […]
SACU Yet To Finalise Tariff Offers For The AfCFTA
By: Nghiinomenwa-vali Erastus Namibia, under the configuration of the Southern African Customs Union (SACU) is yet to finalise her tariff offer for the Africa preferential trade arrangement. Ministry of industrialisation and trade, Lucia Iipumbu, made a presentation at a discussion hosted by the UNDP in November last year on the progress Namibia has made with […]
Moses //Garoëb’s Newly Elected Councillor Promises To ‘Work With Residents’ Following Win Last Week
By: Staff Writer Swapo’s Ndengu Stefanus was declared the winner of the recently concluded by-elections of the Moses //Garoëb constituency. On Friday, residents of the Moses //Garoëb constituency headed to the polls to vote for the councillor of their choice, following the death of the constituency councillor, Aili Venonya, in October last year. Stefanus was […]
Search For Walvis Bay CEO Still On, Council Says
By: Hertha Ekandjo Chairperson of the management committee of the Walvis Bay municipality Richard Hoaeb says the the process of appointing a successful candidate for the position of a substantive CEO is 70% completed. The coastal town has been without a CEO since November 2021 after the council opted not to renew former CEO […]
Namibia’s Great Uranium Stampede, Boon Or Bane?
By: Staff writer The idea of mining Leonardville’s uranium-rich soil has raised many questions among communities both in the Hardap and Omaheke region. Some are concerned of the risk of underwater pollution while others welcome the idea as an opportunity to help their impoverished community. Like the “diamond rush” that took place in the late […]
Nam Faces Growing Inflation In Wake Of Russia-Ukraine War
By: Staff writer The Bank of Namibia (BoN) recently released its quarterly bulletin covering the third quarter, namely the months July through to end September 2022. It noted that inflation stood at 7.1% during the third quarter. The central bank said Namibia’s economic activity in the third quarter of 2022 increased in the primary and […]
High Failure Rate Has Devastating Consequences On Economy – Analyst
By: Justicia Shipena Political analyst Ndumba Kamwanyah says that the high failure for the class of 2022 external examinations has serious consequences on society and the economy. The education ministry last month announced that out of 38 019 full-time candidates who sat for the Namibia Senior Secondary Certificate (NSSCO) grade 11 students examinations, only 5 […]
Africa Should Be Vigilant In The Era Of “Rare Earth Metals”
By: Ananya Sharma The global demand for rare earth elements or rare earth metals has significantly increased in recent times. These rare earths comprise 17 minerals that are indispensable to the manufacturing of smartphones, electric vehicles and countless other advanced technologies. So far, China has dominated the rare earth element market. However, soon its […]