Terence Mukasa - Future Media News

NamRA surpasses revenue target for FY2024/5, collects N$88.6 billion

By: Hertha Ekandjo The Namibia Revenue Agency (NamRA) has exceeded its revenue target for the financial year FY2024/5, collecting a net total of N$88.6 billion, which amounts to 103.81% of the target of N$85.3 billion. For the period from April 1, 2024, to March 31, 2025, NamRA collected N$98.9 billion in gross revenue. After refunds totaling N$10.4 billion, the net revenue stood at N$88.6 billion. Comparing this to the previous […]

8 April, 2025 22

Business / Economics

Over 200 businesses participate in Hyphen Local Content Roadshow

By: Selma Taapopi More than 200 businesses attended the Local Content Roadshow (LCR) organised by Hyphen Hydrogen Energy (Hyphen), which took place in Swakopmund on 27 February, Oshakati on 14 March, and Lüderitz on 27 March. The roadshow is part of Hyphen's ongoing efforts to provide local businesses with vital, economically relevant information to help them capitalise on upcoming opportunities during the construction and operational phases of the project. […]

8 April, 2025 26

Africa

Swartbooi says that more funds won’t fix education sector

https://youtu.be/Scr3P0W8bw8 By: Josia Shigwedha Landless People’s Movement (LPM) leader Bernadus Swartbooi says despite the increased budget allocation to the ministry of education, no real changes will be seen in the country’s education sector. This comes after the recently merged education ministry saw a budget increase from around N$18 billion in 2024/2025 to nearly N$25 billion in the 2025/2026 national budget. The newly appointed finance minister, Ericah Shafudah, tabled the […]

8 April, 2025 23

Namibia

Ballotti explains Julinho Athletic Football Club’s resignation

https://youtu.be/crhVK7dgDlo By: Terence Mukasa Former Julinho Athletic Football Club chairman Dino Ballotti has explained his recent resignation from the club following his appointment by President Nandi-Netumbo Ndaitwah. Ballotti was appointed deputy minister of the Ministry of Education, Innovation, Sport, Youth, Arts and Culture.

7 April, 2025 33

Environment

Windhoek to spend N$15 million on road repairs

By: Ketemba Tjipepa The City of Windhoek expects to spend more than N$15 million to fix the potholes caused by the recent heavy rains. Windhoek’s spokesperson, Lydia Amutenya, says the total cost may increase as more damage is assessed. Amutenya said the funds will cover the immediate repairs, but additional resources may be needed if the situation worsens. "While this amount covers the initial scope of repair, it's also anticipated that […]

7 April, 2025 27

Environment

Schlettwein says land bill must address colonial land disparities

https://youtu.be/GW6BdAzCi_s By: Envaalde Matheus The former agriculture minister, Calle Schlettwein, says the land bill must tackle the country’s skewed land ownership structure. The land bill is designed to unify and streamline land governance by consolidating laws governing communal and commercial land into a single legal framework. Schlettwein said the bill elapsed due to the prolonged formulation process and had to be tabled at the end of the 7th National […]

3 April, 2025 33 5

Namibia

Steenkamp says successful collaboration requires commitment

https://youtu.be/ONgtHpS-BVk By: Josia Shigwedha The newly appointed education minister Sanet Steenkamp said successful integration does not happen automatically but requires effort, collaboration, and a commitment to work together. Steenkamp heads the expanded Ministry of Education, Innovation, Youth, Sport, Arts, and Culture. Speaking at a meet-and-greet event at Eros Primary School in Windhoek on Wednesday, April 2, 2025, Steenkamp highlighted the need for collective efforts as two ministries merge into […]

3 April, 2025 26

Business / Economics

Nedbank net income rose to N$956m in 2023/2024

By: Hertha Ekandjo Nedbank Namibia’s net interest income rose to N$956 million in 2024 from N$934 million in 2023. There was a 6% rise in loans and advances, reflecting a stronger demand for credit amid recovering economic conditions. Additionally, interest paid to clients grew by 2%, reaching N$1.184 billion, up from N$1.162 billion in 2023. The bank’s credit loss ratio increased to 103 basis points (bps), compared to 60 bps […]

2 April, 2025 55

Namibia

Farm 805 residents face challenges

https://youtu.be/LATKyde4q9Q By: Sylvia Kahiha Some people resettled on Farm 805 have to walk long distances to collect potable water. Farm 805 is between Havana informal settlements and Ongos Valley housing development in Windhoek. The people were moved from Otjomuise in January because of floods.

2 April, 2025 36