Namibia Archives - Page 431 of 481

EXCLUSIVE INTERVIEW: Shaun Gariseb Addresses Katutura Elderly Debt Write-Off: A Call to Action for Pensioners

February 14, 2024/Leonard Witbeen Shaun Gariseb shed light on the City of Windhoek's position regarding the debt write-off for pensioners in Katutura. The clarifications come after a mass inquiry on the 7th where the City of Windhoek responded to inquiries, although a formal resolution was not provided. During a meeting held on Tuesday, Gariseb emphasized the importance of conveying the modalities surrounding the debt write-off to the concerned pensioners. He […]

14 February, 2024

Business / Economics

14 February 2024 Morning Biz News: Economic Insights: Namibia’s Wind Energy Potential, Rand Weakens, OPEC’s Oil Demand Forecast, and Global Market Shifts

A Comprehensive Overview of Key Economic Developments and Financial Indicators 1. McKinsey & Company Report Highlights Namibia's Wind Energy Revenue Potential A recent McKinsey & Company report underscores Namibia's potential to generate N$13.9 billion in revenue by 2050 through local production of wind turbine towers and blades. The report breaks down the potential contribution, with a direct impact of 30%, an indirect contribution of 41%, and an induced contribution of […]

14 February, 2024

Namibia

US House Republicans second attempt at Mayorkas impeachment

Republicans in the US House of Representatives are voting for a second time to impeach the Homeland Security Secretary amid a row over immigration. Last week, the House voted against holding Alejandro Mayorkas responsible for the flow of migrants across the US-Mexico border. Nick Harper reports from Austin, Texas.

14 February, 2024

Namibia

South Africa Deploys 2,900 Troops to Eastern DRC to Address Decades-long Conflicts

South African President Cyril Ramaphosa authorizes the deployment of 2,900 members of the South African National Defense Force to the Eastern Democratic Republic of Congo. The move aims to address decades-long conflicts between rival armed groups over land and resources, resulting in significant casualties and displacements. Spokesperson Vincent Magwenya confirms a budget allocation of over two billion rand for this deployment until December 15th.

14 February, 2024

Namibia

NamWater Awards N$935 Million Tender to Chinese Firm for Oshakati Water Purification Facility

The Namibia Water Corporation decides to award a N$935 million tender to Chinese company Shaanxi Construction Engineering Group for the construction of a water purification facility at Oshakati. Concerns arise as the winning bid is N$447 million more expensive than one of the competitors. Bid documents reveal that Shaanxi Construction Engineering Group initially submitted a bid of around N$790 million. Despite bids from eight other Chinese companies, the award goes […]

14 February, 2024

Namibia

Swapo urges respectful tribute to late President Geingob

The Swapo party has issued a media release regarding President Nangolo Mbumba's declaration of a National Mourning Period for the late President Dr. Hage Geingob. Swapo expects Geingob to be remembered and respected appropriately. The party also expressed disappointment with members who made pronouncements about constitutional matters during the mourning period. Here is Local Political Analyst Dr. Ndumba Kamwanyah.

13 February, 2024

Namibia

President Mbumba officially opens first Cabinet meeting of 2024

President Nangolo Mbumba has inaugurated the first Cabinet of 2024 at State House, pointing out the country's economic recovery in different sectors. Mbumba attributed the industry success to the Harambee Prosperity Plan initiated by late President Hage Geingob. President Mbumba also revealed that Namibia's economic growth exceeded pre-pandemic levels, reaching 7.2% in the third quarter of 2023. The Bank of Namibia's Economic Outlook projects a GDP growth of 3.4% for […]

13 February, 2024

Business / Economics

Local analyst examines economic outlook amid rate cut predictions

South Africa's Standard Bank chief economist Goolam Ballim expects four 25 basis point cuts in 2024 starting in the second quarter, and taking the repo rate to 7.25% by year-end. He forecasts economic growth to rebound moderately in 2024 to 1.2%. We asked local Research Analyst at IJG Research, Angelique Bock if she agrees with him.

13 February, 2024

Namibia

Amushelelo accuses NamPol of rights violation

Economic activist Michael Amushelelo has accused the Namibian Police of undermining the Fundamental Freedoms of the Namibian Constitution. He claims that many Namibians who wanted to register for the 'Occupation of Vacant Houses' in Otjomuise refrained from doing so due to police harassment and intimidation. Amushelelo alleges that the police presence included approximately 100 vehicles and drones.

13 February, 2024