Windhoek approves 5-year electrification plan

Windhoek approves 5-year electrification plan

The Windhoek Municipal Council has approved a five-year plan to bring electricity to 4,000 homes in informal settlements. The project, which started on Wednesday, is part of the City’s effort to improve living conditions in these areas. It includes providing power to 249 households and installing street lights, along with medium- and low-voltage networks. Here’s the Minister of Urban and Rural Development, Erastus Uutoni.

September 19, 2024 28

Business / Economics

Bank of Namibia symposium highlights agriculture’s growth potential

The Bank of Namibia concluded its 25th Annual Symposium in Windhoek today, focusing on the theme, "Global Value Chains for Inclusive Development: How Can Namibia Position Its Agriculture Sector?" The event brought together experts and stakeholders to discuss strategies for strengthening Namibia's agricultural sector to drive inclusive growth. BoN Governor Johannes !Gawaxab, in his address, highlighted the critical role of agriculture in Namibia's economic development. He referenced a recent World […]

September 19, 2024 51

Business / Economics

Namibia exports N$139 million in horticultural products

The Namibia Statistics Agency has released the Agriculture and Fishing Statistical Bulletin during the second quarter of 2024. Namibia exported horticultural products valued at N$ 139.1 million. This, according to NSA spokesperson Mirjam Shihepo, is lower when compared to N$ 167.8 million that was exported in the same quarter of 2023.

September 18, 2024 57

Business / Economics

Bank of Namibia warns public about Global Green Network

The Bank of Namibia has warned the public about Global Green Network after finding that it broke the Banking Institutions Act, of 1998. The investigation showed that the company was involved in illegal financial activities. As a result, the Bank advises people to stop dealing with Global Green Network immediately. BoN’s Strategic Communications Practitioner, Josefina Oskar.

September 18, 2024 37

Business / Economics

August 2024 sees 15% reduction in vehicle sales

Vehicle sales dropped to 995 units in August, down from 1,172 in July 2024 and 1,101 in August 2023, reflecting declines of 15.1% month-on-month and 9.6% year-on-year. The decrease affected both passenger and commercial vehicles. Here's Simonis Storm Economist, Halleluya Ndimulunde.

September 18, 2024 40

Namibia

NamPol investigates child deaths in Katima Mulilo

Namibian police are investigating the deaths of four children, aged three to six, who were found inside an old, unused freezer in Katima Mulilo, Zambezi Region. The children are believed to have been accidentally trapped while playing, leading to their suffocation. Authorities are continuing their investigation into the incident.

September 18, 2024 16

Namibia

UNAM education conference underway in Windhoek

The University of Namibia education conference is underway in Windhoek. The conference serves as a platform for educators, researchers, policymakers, and education stakeholders to explore the avenues and possibilities of promoting innovative skills-based education in the 21st century. The Deputy Executive Director of the Ministry of Education, Arts and Culture, Edda Bohn.

September 18, 2024 27

Business / Economics

NSA informal cross-border trade study reveals gender disparities

The Namibia Statistics Agency (NSA) has released the findings of a study conducted in November 2023 on informal cross-border trade. According to the report, Namibia exported goods valued at N$9.1 million and imported goods worth N$1.2 million during the period under review. The NSA's Executive for Economic Statistics, Abel Sindano, emphasized the importance of informal cross-border trade in the region. He said that it plays a critical role in sustaining […]

September 18, 2024 50

Namibia

Finance Ministry calls for employee PAYE refunds after tax changes

The Ministry of Finance and Public Enterprises has instructed employers to reimburse employees once the new statutory tax rates are gazetted, according to a media release issued on Saturday. The Ministry's spokesperson, Wilson Shikoto, explains. Cirrus Capital economist Robert McGregor said that the amendment will provide consumers with additional relief over and above the 25 basis points repo rate reduction seen last month. Meanwhile, business owner […]

September 16, 2024 112