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Russian Owned Company Accused of Drilling Irregularities
By: Justicia Shipena Russian-linked mining company, Headspring Investments has been accused of contravening drilling regulations that required the company to properly seal and grout numerous boreholes it drilled since 2012. Headspring Investments is a subsidiary of Uranium One which is controlled by Russia’s state-owned nuclear energy conglomerate, Rosatom. Headspring holds eight Exclusive Prospecting […]
Namport, TIL N$4.2 Billion Deal Nears Conclusion
By: Hertha Ekandjo The Namibian Ports Authority (Namport) is currently in the final stages of negotiating the last details of its 25-year, N$4.2 billion management deal with Terminal Investment Limited (TIL). Last year in November, Namport’s Chief Executive Officer (CEO), Andrew Kanime, informed the media that negotiations were approximately 95% complete. Responding to recent […]
Households Credit Growth Slows to Lowest Since 2021 …corporate credit extension reaches N$46 million in January
By: Hertha Ekandjo While individuals typically turn to banks and cash loan service providers in what is often referred to as “Janu-worry” to kick-start the year, the first month of 2024 witnessed the slowest credit growth uptake by households since 2021. According to economists at Simonis Storm Securities (SSS), households experienced a […]
Taxi Drivers Feel Excluded from National Budget
By: Loise Shiimi Northern taxi drivers have expressed disappointment in the latest national budget, stating that it overlooks the transportation industry and fails to address the challenges posed by rising fuel costs. Shivolo Mathews, their spokesperson, called for either an increase in taxi fares or more subsidies to alleviate the financial strain on […]
MTC Supports Luderitz Crayfish Festival with N$115,000 Donation
Staff Writer The Mobile Telecommunications Ltd (MTC) has extended its Corporate Social Responsibility efforts to the ||Karas region with a generous commitment of N$115,000 to support the successful hosting of the renowned Luderitz Crayfish Festival. The company’s contribution comes in recognition of the festival’s significance in stimulating economic activity and fostering business growth […]
Windhoek Allocates 227 Erven for New Township
By: Staff writer The Windhoek Municipality has earmarked 25 hectares, comprising 227 erven, for the establishment of a new township within the city, to be named Rocky Crest Extension 8. This initiative by the City of Windhoek aims to address the increasing demand for urban housing and related amenities. Rocky Crest Extension 8 […]
Namibia Loses 631 Rhinos to Poaching Over the Last Decade
By: Hertha Ekandjo Despite boasting a healthy population of wildlife species and a reputable conservation effort globally, Namibia has suffered the loss of 631 rhinos to poaching over the last decade. Recent poaching statistics reveal a troubling trend: 97 rhinos were poached in 2015, followed by 66 in 2016, 55 in 2017, 84 […]
FNB Partners With Namibia Development Trust for World NGO Day
By: Staff Writer FNB Namibia recently collaborated with the Namibia Development Trust (NDT) to commemorate World NGO Day 2024, honouring individuals dedicated to humanitarian causes. World NGO Day was observed on February 27 and 28, focusing on the theme “Building a Sustainable Future: The Role of NGOs in Achieving the Sustainable Development Goals […]
Regional Council and Education Directorate Distance Themselves From Overpriced Furniture Tender
By: Annakleta Haikera The Kavango West Regional Council and the region’s Directorate of Education have distanced themselves from the procurement process regarding alleged overpriced furniture for Himarwa Iithete Secondary School. The Ministry faced criticism for purportedly spending N$1.5 million on school furniture tender which was awarded to a company specialising in printing and […]
Green Hydrogen Projects Boosted With N$19 Million Funding… green industrialisation blueprint set for Cabinet presentation in March
By: Justicia Shipena Namibia Hydrogen Fund Managers (Pty) Limited (Nam-H2), a subsidiary of the Namibia Green Hydrogen Programme (NGHP), has successfully secured just under N$19 million (equivalent to approximately US$1 million) in funding. Green Hydrogen Commissioner James Mnyupe revealed this during an update on the green hydrogen programme on Thursday. Mnyupe specified that […]