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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Namibia

2970 Results / Page 86 of 330

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Business / Economics

TransUnion Study Shows Financial Optimism Among Namibians Despite Current Challenges

A recent TransUnion Quarter 2 Consumer Pulse Study for this year reveals that while Namibian households continue to face financial difficulties, there is optimism about future income prospects. The study indicates that 38% of consumers experienced stagnant incomes and 34% faced decreases, while 28% reported increases. Despite high inflation averaging 5.9% in 2023, 81% of consumers, particularly younger generations, remain hopeful about their financial future.

todayJuly 17, 2024 25

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Interview Transcripts

INTERVIEW: Understanding Microprudential Oversight: Insights from Business and Economics Researcher Josef Kefas Sheehama

In a recent discussion, Josef Kefas Sheehama delved into the critical role of the Microprudential Oversight Committee (MOC) in Namibia's financial landscape. Addressing key concerns raised by recent reports, Sheehama underscored the committee's pivotal function in safeguarding financial stability amidst economic challenges. The conversation was sparked by findings from TransUnion indicating that nearly 49% of Namibians struggle to meet their financial obligations. Sheehama emphasized that such statistics underscore the urgency […]

todayJuly 17, 2024 13

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Business / Economics

17 July 2024 Morning Biz News: “Namibia Economic Update: Kelp Blue License Secured, Rand Strengthens Amid Global Market Dynamics”

In recent developments impacting Namibia's economic landscape, several key indicators and business activities have emerged, reflecting both local and international market trends. Kelp Blue Namibia, led by Managing Director Fabian Shaanika, has secured a significant 15-year commercial license for cultivating Giant Kelp across a sprawling 6,400-hectare offshore site. This milestone not only promises substantial business expansion for Kelp Blue but also underscores its role in enhancing carbon sequestration efforts. On […]

todayJuly 17, 2024 20

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Namibia

President Mbumba Emphasizes Ethical Religious Practices in Secular Namibia

President Nangolo Mbumba emphasized the benefits of Namibia being a secular state and cautioned religious leaders against exploiting their followers. During a visit from various religious groups, Mbumba stressed that religious practices should benefit all Namibians, not be used for personal gain or reputation. He highlighted that a secular state allows for an open exchange of ideas and recalled that pre-independence leaders decided the government should respect both church and […]

todayJuly 17, 2024 39

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Namibia

Namibia’s eligible voters reach 1.6 million

The Namibia Statistics Agency has released data on eligible voters based on the 2023 Census, released in March 2024. According to the Namibia Press Agency, the census figures include Namibians who were 17 years old as of 24 September 2023, and those aged 18 and above on the same date. According to the preliminary NSA report, over 1.6 million Namibian citizens are set to participate in the forthcoming national elections, […]

todayJuly 16, 2024 30 2

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Namibia

Shangula pardoned in Kanyama defamation suit

      Minister of Health and Social Services, Kalumbi Shangula has been pardoned as a witness in a defamation matter involving prominent businessman Shapwa Kanyama. Kanyama and his wife, Beata Kanyama, are suing a northern-based former nurse, Mathilde Kadhikwa, after she allegedly insinuated that the couple funded their multimillion-dollar wedding with public funds in May 2022. Kanyama also claims Kadhikwa insinuated he committed crimes and that he is unlawfully […]

todayJuly 16, 2024 68

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Namibia

Five perish in Oshivelo accident

    The Namibian Police Force (NamPol) has confirmed the death of five people, who died in a motor vehicle accident between Oshivelo and Tsumeb in the early hours of Tuesday morning. NamPol Spokesperson, Deputy Commissioner Kauna Shikwambi, said the accident happened around 01h00 when the driver of a White Nissan traveling from Walvisbay to Ondangwa, lost control of the vehicle, causing it to overturn. “The vehicle veered off the […]

todayJuly 16, 2024 17

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