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Financial literacy for the next generation: Preparing our youth for economic success
By: Joachim van Schalkwyk In an era of unparalleled financial complexity, where managing money has become a critical life skill, it is critical to ensure that the next generation is well-equipped to navigate the economic landscape. For good reason, the term “financial literacy” has gained popularity in recent years. It is the foundation upon which […]
Guarding Your Finances: Understanding and Combating Financial Fraud in the Digital Age
By: Maria Samahina In today’s digital age, where financial transactions and personal information are increasingly digitised, the risk of falling victim to financial fraud has grown exponentially. Letshego Bank Namibia encourages Namibian citizens to remain vigilant and stay informed about the various forms of fraud. This is essential to protect yourself, your loved ones, and […]
City plans N$460 Million for Infrastructure and Housing
By: Justicia Shipena The Windhoek municipality is planning to spend about N$460 million on infrastructure and housing initiatives around the city. This was disclosed by Windhoek Mayor Joseph Uapingene during the city-approved 2023/2024 budget presentation on Tuesday. “Approximately N$460 million has been earmarked for projects related to infrastructure and housing,” Mayor Uapingene announced. He […]
Namibia Should Prioritise The Secondary Sector – Mnyupe
By: Hertha Ekandjo The Green Hydrogen Commissioner James Mnyupe has underscored the importance of Namibia focusing on the secondary sector to create more employment opportunities. The secondary sector encompasses industries such as manufacturing, which transform natural resources and raw materials into artificial resources and human-created objects for consumption. Mnyupe highlighted that Namibia currently places more […]
Water-Saving Calls Fall on Deaf Ears in Windhoek
By: Nghiinomenwa-vali Erastus Throughout the entire month of October and the first week of November, residents and industries in Windhoek have been using excessive amounts of water despite a critical water shortage in the city. Alarmingly, the primary water supplier to Windhoek, the Von Bach Dam, is currently at just 17.9% capacity. The city’s […]
N$7 Million Recovered from Non-Reapplying Retirees in PSEMAS
By: Justicia Shipena The Ministry of Finance and Public Enterprises has recouped N$7 million from retirees who failed to reapply for enrollment in the government’s Public Service Medical Aid Scheme (PSEMAS) after their retirement. This development comes in response to recent reports suggesting that the government paid approximately N$1 billion to individuals falsely registered […]
Ministries Urged Against Returning Unspent Funds
By: Justicia Shipena The United Nations International Children’s Emergency Fund (Unicef) representative to Namibia, Samuel Kweku Ocran, has called on government ministries to refrain from returning unspent funds to the treasury, stressing that such returns negatively impact the achievement of budget objectives. Ocran highlighted the essential role of parliament in ensuring that approved budgets […]
Cobalt Production Expected For Over 40 Years
By: Staff writer Opuwo’s cobalt project could potentially produce cobalt for over 40 years. This follows the confirmation of Aim- and ASX-listed Celsius Resources’ renewal of the exclusive prospecting licence for the Opuwo cobalt project. The project is held under its Namibian subsidiary Opuwo Cobalt. The Ministry of Mines and Energy issued the two-year renewal […]
Unconventional Thoughts: Spend Drought Relief Millions on Water Infrastructure to De-risk Agriculture
By: Nghiinomenwa-vali Erastus The occurrence of drought in our country seems like a biennial tradition. Yet, we remain unprepared to find lasting solutions for our agricultural sector. Each year, drought strikes, and we scramble to secure maize, Mahangu, fish, and cooking oil for our people. We resort to importing these essentials from other nations […]
Farmers’ Unions Want North/South Meatco Divide
By: Justicia Shipena IN a bid to revitalise the Meat Corporation of Namibia (Meatco), four prominent farmers’ unions have recommended the establishment of two independent subsidiary entities. The proposal comes at a crucial juncture when Meatco is grappling with financial difficulties and struggles to meet its obligations to producers. The four unions, representing various facets […]