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

housing

16 Results / Page 1 of 2

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Namibia

National Housing Enterprise Faces Declining Profitability and Liquidity Challenges

The National Housing Enterprise is experiencing continued profitability challenges, with operating losses amounting to N$38.2 million in 2023, following a larger deficit of N$87.7 million in 2022. The Brief reports that the Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, highlighted significant liquidity issues affecting the organization's ability to meet short-term obligations. Over the past five years, NHE's gross profit has fluctuated, declining from N$334.7 million in 2019 to […]

todayOctober 1, 2024 10

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Business / Economics

Food and housing drive inflation

The annual inflation rate was 4.4% in August, down from 4.7% in August 2023. Monthly inflation increased to 0.3% from 0.2% in the previous month. Key contributors to inflation were food and non-alcoholic beverages and housing, water, electricity, gas, and other fuels, each contributing 1%. Namibia Statistics Agency spokesperson, Mirjam Shihepo.  

todaySeptember 10, 2024 22

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Business / Economics

Namibians Need N$36,000 Monthly to Qualify for N$1-Million Home Loan, Reveals Affordability Crisis

Salomo Hei, Economist and Managing Director at High Economic Intelligence, has highlighted that Namibians need a monthly income of N$36,000 to secure a N$1-million home loan, exposing the worsening affordability crisis in the country reports The Brief. Hei attributes the steep cost of housing to the sharply rising price of land. He also noted that high interest rates and restricted access to financing have made homeownership increasingly unattainable for many. […]

todayAugust 29, 2024 20

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Namibia

Activist Calls for Massive Housing Supply to Address Windhoek’s Housing Crisis

In a recent interview, the Activist-in-Chief, Job Amupanda of Affirmative Repositioning highlighted the pressing housing crisis in Namibia, emphasizing that the imbalance between supply and demand is driving up prices. He argued that to counteract exorbitant housing costs in Windhoek, a significant increase in housing units—around 10,000—would be essential to stabilize prices.  

todayJuly 30, 2024 22

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World

UK’s Sunak to unveil tax-cutting manifesto

      By James PHEBY       British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit. "We Conservatives have a plan to give you financial security," he will say, according to extracts of his speech released in advance. "We will enable working people […]

todayJune 11, 2024 5

Local

Rwanda to host Shelter Afrique Development Bank’s 43rd AGM in June 2024

    Rwanda will host Shelter Afrique Development Bank (ShafDB) 43rd Annual General Meeting (AGM) in June Kigali, the Company has disclosed. This follows the nomination of Rwanda as the next host country at Shelter Afrique Development Bank’s 42nd AGM held in Abuja, Nigeria, and the subsequent signing of the host country agreement between the Company and the Government of Rwanda in Kigali in March. The host country agreement was signed by […]

todayApril 23, 2024 27

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Namibia

Oshikuku Town Council Allocates 23 Residential Plots to Shack Dwellers Federation Beneficiaries

The Oshikuku Town Council recently distributed 23 residential plots to beneficiaries of the Shack Dwellers Federation of Namibia as part of their ongoing efforts to tackle the housing shortage in the area. Speaking at the handover ceremony, Town Mayor Julia Endjambi reiterated the council's dedication to providing affordable land to individuals with ultra and low incomes. She emphasized that a portion of land allocations by the council are consistently reserved […]

todayApril 19, 2024 9

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Africa

Africa‘s most populous countries eye private investors to tackle housing challenge

    By Conrad Onyango, bird story agency   A wave of government housing policies is set to change the urban landscape across the continent, in line with a report from the African Development Bank (AfDB). “The public sector is recognizing the link between housing and economic growth, and that not only can good housing contribute to the twin goals of economic growth and poverty alleviation, but that the opposite […]

todayApril 9, 2024 13

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