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News / Page 44
NAMAF Reports Record N$5.74 Billion in Claims for 2023
By: Hertha Ekandjo The Namibia Association of Medical Aid Funds (NAMAF) has reported a record N$5.74 billion in claims received by registered medical aid funds by the end of December 2023. This significant figure continues an upward trend in both the total claimed and benefit amounts over time. The Fund highlighted the substantial […]
Malnutrition Cases Increasing in Ohangwena
By: Juliana Iikela Malnutrition cases in the Ohangwena region are on a concerning upward trajectory, exacerbated by high levels of poverty. According to the Ministry of Health’s regional chief medical officer, Odon Nkongolo, who spoke during a consultative meeting and familiarisation visit to state hospitals in Ohangwena by the Parliamentary Standing Committee on […]
Mbumba Wants Commercial Banks to Actively Participate in National Development
By: Hertha Ekandjo President Nangolo Mbumba has urged local banks to adopt a more proactive stance in funding small and medium-sized enterprises (SMEs) to develop the economy. He called on them to explore avenues that significantly reduce collateral requirements and incorporate more equity-based financial instruments. During a recent engagement with managing directors and chief […]
Osino Expects N$5.1 Billion Competition Commission Decision in September
By: Staff Writer Osino Resources expects a final decision from the Namibian Competition Commission (NaCC) on its acquisition by Chinese firm Shanjin (formerly Yintai Gold) by early September. Currently, competition law clearance from NaCC remains the only outstanding approval needed to conclude the deal, with clearance expected soon. NaCC received the third of three […]
High Input Costs Threaten Pork Industry Growth Amid Declining Imports
By: Hertha Ekandjo Local pork farmers face significant challenges that hinder the industry’s growth and sustainability. On the one hand, there is a huge opportunity to supply pork to the local market due to heightened demand driven by the sharp decline in pork imports over the past few years. On the one hand, […]
Cancer Cases on the Rise, Averaging 4,300 Annually … prostate cancer remains the most common cancer in Namibia
By: Nghiinomenwa-vali Erastus The Cancer Association of Namibia (CAN) has reported a significant increase in cancer cases, with an average of 4,300 new cases annually, up from 3,700. This information was highlighted in a statement released by Bank Windhoek during the launch of its Cancer Apple Project, which raises funds for CAN’s outreach […]
NamWater Faces Financial Strain Due to Unpaid Bills
By: Justicia Shipena The Namibia Water Corporation (NamWater) is grappling with significant financial challenges, primarily due to unpaid bills by its customers. NamWater CEO Abraham Nehemia highlighted this issue recently, noting that in 2022, NamWater reported being owed a staggering N$1.4 billion by customers who have consistently defaulted on their water payments. Nehemia emphasised […]
O&L to Fill Pick n’ Pay Gap with Namibian Brand
By: Staff Writer The Ohlthaver & List (O&L) Group is set to re-enter the retail market with a fully-owned Namibian brand, following its announcement to terminate its franchise agreement with Pick n’ Pay. Sven Thieme, Executive Chairman of O&L Group, revealed that the company is already advancing its retail plans and will provide further […]
Over 230,000 MWh of Electricity Generated Monthly
By: Nghiinomenw-vali Erastus Namibia has reached a milestone in domestic electricity generation, producing more than 230,000 MWh of electricity for five consecutive months. Despite meeting 60% of its power needs domestically and importing the rest, the Ruacana Hydro Power Station continues to be a major contributor to the country’s electricity generation. According to the […]
Capricorn Allocates N$750,000 Towards Community Support
By: Dolly Menas The Capricorn Foundation says it plans to spend about N$750 000 to support various community projects aimed at providing basic needs, such as education and training, creating job opportunities and providing psychological support among other things. The envisaged projects will be implemented by an entity called Imago Dei, a registered welfare […]