insert_link Nam Elections 2024 IPC Calls for Citizen Action to Expose Election Irregularities The Independent Patriots for Change is urging citizens to document any irregularities they witness during the 2024 elections, sharing evidence with the party to help restore the integrity of Namibia's democracy. In a statement, IPC highlighted multiple issues, including the unreported total number of ballots cast and the fact that only 160,000 votes have been counted so far. The party claims that thousands of ballots remain locked away as polling […] todayDecember 4, 2024 19
insert_link Nam Elections 2024 Swapo Secures Majority as Nandi-Ndaitwah Wins Presidency The Electoral Commission officially declared the results of the this year's Presidential and National Assembly elections, with Swapo clinching 51 out of 96 seats. In the presidential race, Swapo’s Netumbo Nandi-Ndaitwah emerged victorious with 57.31%, while IPC's Dr. Panduleni Itula received 25.50%. Future Media News' Angie Scholtz sat down for an exclusive interview with President Nangolo Mbumba: Notable Swapo ministers losing their seats include Peya Mushelenga, Tom Alweendo, Itah Kandjii-Murangi, […] todayDecember 4, 2024 33
insert_link Business / Economics Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo todayDecember 4, 2024 13
insert_link Business / Economics Bank of Namibia Set to Announce New Repo Rate With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag. todayDecember 4, 2024 19
insert_link Nam Elections 2024 Opposition Leaders Boycott Election Results Announcement As Swapo’s Majority Shrinks The Swapo Party retained its majority in the National Assembly with 51 seats, a decline from 63 in 2019. The Independent Patriots for Change surged to 20 seats, marking significant gains. Opposition leaders boycotted the election results announcement, except Affirmative Repositioning leader Job Amupanda, who accused the Electoral Commission of election theft. Meanwhile, the National Democratic Party secured one seat, with its leader Lukato Lukato entering parliament. todayDecember 4, 2024 14
insert_link Environment NamWater secures funds for climate-resilient water systems The Namibia Water Corporation has secured N$249 million in funding for the Ohangwena Aquifer, upgraded water systems, and technical support. The national water utility announced on Monday that the funding includes N$192 million for a climate-resilient water supply and N$57 million for energy-efficient systems, solar power, and staff training. This significant investment follows the signing of three grant agreements between Germany and Namibia, valued at a total of €20 million (approximately […] todayDecember 3, 2024 17
insert_link Namibia IPPR calls for citizen action against corruption at regional conference The Institute for Public Policy Research (IPPR) is hosting the 4th Integrity Namibia Regional Conference in Rundu, emphasizing the fight against corruption and its impact on the environment. Under the theme "Uniting with Youth Against Corruption: Shaping Tomorrow's Integrity," the conference highlights the importance of citizen engagement and inspiring young people to take an active role in building a transparent and accountable society. Speaking at the event, IPPR Executive Director […] todayDecember 3, 2024 17
insert_link Nam Elections 2024 ECN to announce final election results tonight as analyst weighs in The Electoral Commission of Namibia (ECN) has confirmed that the official final results of the 2024 Presidential and National Assembly Elections will be announced at 20:00 tonight. Political analyst Rakkel Andreas says the announcement is highly anticipated, particularly as Swapo has already scheduled a press briefing for tomorrow, where the president-elect is expected to address the nation. “There’s no surprise in the presidential race,” Andreas noted, pointing out that Swapo […] todayDecember 3, 2024 44
insert_link Business / Economics October occupancy rate drops to 65.15% The national occupancy rate for October stood at national occupancy rate for October stood at 65.15%, slightly lower than the 65.54% recorded in October 2023 and below the pre-pandemic level of 69.87% from October 2019. The year-to-date occupancy rate for 2024 averaged 54.17%, falling just short of the 54.76% seen in 2019. Gitta Paetzold the Hospitality Association of Namibia's CEO. todayDecember 2, 2024 16