49% of Namibian consumers struggle with high cost of living

49% of Namibian consumers struggle with high cost of living

Namibian households are struggling financially amid high living costs, according to the latest findings from the Consumer Pulse Study conducted by TransUnion. The study reveals a significant increase in financial strain, with 49% of consumers now anticipating difficulty in fully paying their current bills and loans, up from 45% in Q3 2023. Lara Enslin, CEO of TransUnion Namibia, stressed that these findings reveal a proactive approach by consumers to manage […]

July 4, 2024 34

Namibia

Government warns of scam impersonating Labour Minister

The Ministry of Labour, Industrial Relations, and Employment Creation has warned against an impersonation scam currently circulating on social media platforms, falsely claiming to be representing Minister Utoni Nujoma. The impersonator is sending messages to individuals, asking for personal details to allegedly register them as beneficiaries for a supposed European Development Fund grant. Here is the Ministry's spokesperson Jeremia Namalenga.

July 4, 2024 54

World

German rail apologises for Euro 2024 travel delays

Germany's national rail operator has apologised to football fans for delays and overcrowding during the European football Championship. Germany is currently hosting Euro 2024, with millions visiting the country to cheer on their squads. Germany's Deutsche Bahn apologized to fans for late trains and overcrowded conditions during Euro 2024 in Germany. A senior board member admitted DB had not been "offering the quality that everyone deserves." The New York Times meanwhile ran a feature […]

July 4, 2024 37

World

Voters cast ballot in UK general election

Voting has begun across the United Kingdom in a general election which polling suggests could bring an end to 14 years of the Conservative Party in government. Prime Minister Rishi Sunak announced snap elections in May. Voters in 650 constituencies will elect members of Parliament to the lower chamber and the House of Commons. Throughout Thursday, tens of millions of voters have the chance to choose who they would like […]

July 4, 2024 22

Business / Economics

Oil discoveries make Namibia a top business travel destination

Oil and gas discoveries in Namibia are transforming the country into a high-end business travel destination from a tourist locale for a South African airline. Bloomberg Africa reports that Total Energies SE and Shell Plc have found an estimated 11 billion barrels of oil reserves in Namibia, in what is touted as potentially the biggest-ever deep water find. Namibia has yet to produce crude or gas but has become an […]

July 4, 2024 47

Business / Economics

Botswana’s Masisi proposes energy partnership with Namibia

Speaking at the official opening of the annual Swakopmund International Trade Expo, which is organised by the Namibia Chamber of Commerce and Industry, Botswana’s President Mokgweetsi Masisi announced that Namibia and Botswana will collaborate in the energy sector by setting up a fuel storage facility at Walvis Bay.

July 4, 2024 32

Environment

City of Windhoek warns of heightened risk of veld fires

The City of Windhoek says that most veld fires are caused by people and are preventable. With Namibia experiencing a drought, the City’s spokesperson, Lydia Amutenya, has advised residents in fire-prone areas to avoid actions that could lead to the destruction of the environment and property damage.

July 3, 2024 29

Business / Economics

SWAITEX showcases Namibia’s trade and investment potential

Swakopmund, Namibia - The Swakopmund International Trade Expo (SWAITEX) is currently underway, drawing local and international businesses to the coast. Established in 2013, SWAITEX aims to foster networking opportunities and promote business ventures for Namibian entrepreneurs. Botswana's President Mokgweetsi Masisi and First Lady Neo Jane are esteemed guests of honor at SWAITEX 2024, underscoring the event's regional significance. Obrien Simasiku, the Communications Coordinator for SWAITEX, highlighted the diverse participation at […]

July 3, 2024 80

Africa

Sierra Leone bans child marriage with new law

Sierra Leone has brought in a new law banning child marriage with much fanfare at a ceremony organised by First Lady Fatima Bio in the capital, Freetown. The BBC reports that invited guests, including first ladies from Namibia and Cape Verde, watched as her husband President Julius Maada Bio signed the Prohibition of Child Marriage Act into law. Anybody now involved in the marriage of a girl aged under the […]

July 3, 2024 10