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Govt Faces N$34.5 Billion Debt Repayment Challenge
By: Nghiinomenwa-vali Erastus The government faces the substantial task of repaying N$34.5 billion to investors as its bonds mature over the next four years. Bonds due for repayment in this obligation include GC24, GC25, GC26, GI25, GI27, and Eurobond 2025. To mitigate this looming financial challenge, Finance minister, Iipumbu Shiimi, outlined the strategy of rolling […]
N$200 Million To Recruit New Teachers Has Already BeenSpent – Steenkamp
By: Annakleta Haikera The Ministry of Basic Education has revealed that the N$200 million earmarked for the recruitment of unemployed teachers has already been utilised. Responding to protests by hundreds of teachers who decry what they perceive as a teacher unemployment crisis, the ministry’s executive director Sanet Steenkamp said over N$200 million has already been […]
Namibia and Japan Strengthen Ties with Carbon Capture Financing Agreement
By: Justicia Shipena Namibia formalised its partnership with Japan by signing a Memorandum of Understanding (MoU) with the Japanese Bank for International Cooperation during the Conference of the Parties (COP 28). The agreement, spanning economic, environmental, and social sustainability, closely aligns with Namibia’s climate objectives. At the heart of this collaboration is a shared commitment […]
Kavango Communal Farmers Prepare for 2024 Crop Season
By: Annakleta Haikera As the rainy season unfolds, communal farmers in both Kavango regions are actively ploughing their fields in anticipation for the millet and maize season. However, some farmers are still finding it difficult due to limited access to oxens, seeds, and the high cost of tractor services.. The Villager visited various areas in […]
Namibia Advances Renewable Energy Access in Africa at COP28
By: Justicia Shipena Leaders of the Accelerated Partnership for Renewables in Africa (APRA) have solidified their commitments to address energy access, security, and promote green growth across the continent. The groundbreaking move to drive the renewable energy transition in Africa, was formalised in a joint declaration by the APRA leaders during the COP28 taking place […]
On-hoof Cattle Exports Declines as Fish Maintains Top Non-Mineral Spot
By: Staff Reporter Namibia experienced a 35.9% year-on-year (y/y) decrease in live cattle exports in October 2023, contrasting with a substantial 179.2% y/y surge in beef exports. The European Union emerged as the primary destination, trailed by South Africa and the United Kingdom, according to Simonis Storm Securities. During the same period, live sheep exports […]
Mines Ministry Revamps EPL System
By: Justicia Shipena The Ministry of Mines and Energy is undertaking a strategic overhaul of its licensing application process to address challenges emerging from the country’s burgeoning oil discoveries. The shift aims to streamline operations, ensuring more efficient and effective service delivery to the public. Over the years, the ministry has employed an open licensing […]
NSFAF Wants N$2.5 Billion to Fund Students in 2024
By: Hertha Ekandjo The Namibia Student Financial Assistance Fund (NSFAF) says it needs about N$2.5 billion to be able to support approximately 23,700 eligible applicants next year. This was revealed by NSFAF Chief Executive Officer Kennedy Kandume during the launch of the online application process this week. At the event, Kandume also highlighted successful initiatives, […]
Over 8,000 Unemployed Graduate Teachers In Namibia
By: Annakleta Haikera Hundreds of unemployed graduate teachers staged a peaceful protest on the streets of Rundu yesterday demanding employment from the government. The group that gathered at the office of the director of education in Kavango east yesterday was frustrated at the lack of teaching opportunities in government schools blaming the Ministry of Basic […]
Govts Grapple with Policy Trilemma – Balancing Debts, Climate, and Political Goals
By: Nghiinomenwa-vali Erastus Governments across the world are confronted with a challenging policy trilemma, navigating between achieving climate goals, maintaining fiscal sustainability, and meeting political feasibility. This is according to the Fiscal Monitor for 2023 published by the International Monetary Fund (IMF). The IMF highlighted that pursuing any two of these objectives comes at the […]