insert_link Opinion Pieces China’s high-quality development presents new opportunities for Namibia’s modernization By Josef Kefas Sheehama As the world economy is facing a tough situation in 2023, with probably tougher prospects for 2024, China’s economic outlook carries global significance. China’s modernization stride will inject more certainty into the global economy. As Namibia's projected economy to 3.9% expansion in 2023 and a 3.4% growth in 2024, according to the Bank of Namibia's Economic Outlook, the smart partnership with China will elevate Namibia’s […] todayDecember 15, 2023 36
insert_link Local The Agriculture Bank of Namibia and KfW Development Bank collaborate to support Namibian Farmers and MSMEs in the agriculture sector On 14 December 2023, the Agricultural Bank of Namibia (Agribank) and KfW Development Bank entered into a historic agreement, signing a first concessional loan of just over 400 million NAD. This collaboration aims to empower farmers operating in both communal and commercial, as well as other agricultural or food-processing MSMEs in Namibia. Agribank will on-lend the funds for the target group of small scale farmers as well as the […] todayDecember 15, 2023 15
insert_link Namibia Namibia has to spend US dollars 15 billion for climate adaptation and mitigation Namibia has to spend US dollars 15 billion for climate adaptation and mitigation, press secretary in the Office of the President, Alfredo Hengari, has said. Hengari made this remark on Thursday at the information sharing session on the 28th session of the Conference of the Parties (COP28) and the end of the year of revival. “This year, at COP28, Namibia basically was affirmed as one of the emerging green […] todayDecember 15, 2023 7
insert_link Namibia Over 200 000 houses envisaged for construction from 2024 The recently revised National Housing Policy and Implementation Action Plan amongst others provides for the acceleration of the servicing of 340 000 new plots and construction of over 200 000 houses over the next five years. The policy, which was approved by Cabinet in November 2023, also approves the scaling up and upgrading of at least 60 per cent of existing informal settlements across the country between 2024 and […] todayDecember 15, 2023 15
insert_link Namibia Iipumbu commends Germany for supporting the growth of small enterprises The Ministry of Industrialisation and Trade has received equipment worth N.dollars 3.5 million from the German government through its development and cooperation agency, GIZ, aimed at supporting small business activities. These include eight vehicles and industrial machinery, including an industrial rotary cutter, dye sublimation printer, industrial iron and 3D printers. The donation also included laptops, printers, office chairs, laser printers and colour printers. Industrialisation and trade minister, Lucia Iipumbu, […] todayDecember 14, 2023 13
insert_link Namibia Ondangwa Town Council hands over 231 plots The Ondangwa Town Council officially handed over 231 fully serviced plots at the Omashaka informal settlement on Thursday. Of the total amount, 37 plots were allocated to the Shack Dwellers Federation of Namibia. Ondangwa Town Council’s Chief Executive Officer, Ismael Namgongo, said the initiative forms part of the council’s five-year strategic plan. Namgongo indicated that as part of the plan, the council has committed to tackling the issue of […] todayDecember 14, 2023 29
insert_link Local Old Mutual Foundation’s little green ambassadors initiative announces winning schools By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia The Old Mutual Foundation is thrilled to announce the triumphant conclusion of the groundbreaking Little Green Ambassadors Initiative. Amidst fierce competition, 28 primary schools outshone, having been chosen from a pool of 100 remarkable applications. These schools, dedicated to nurturing a sustainable future, have proven themselves as the frontrunners in environmental stewardship. After a rigorous […] todayDecember 14, 2023 24
insert_link Local German Government continues its support to Namibia’s sustainable development efforts in the water sector On Tuesday 12 December 2023, the Ministry of Finance and Public Enterprises of the Republic of Namibia and KfW Development Bank, signed an agreement for a concessional loan of NAD 1,026,650,000.00 (approx. EUR 50 mio.) for the financing of the rehabilitation and extension of the Gammams and Otjomuise Wastewater Treatment Plants. The objective of the project is to upgrade the existing wastewater treatment capacities and improve Windhoek’s potable water […] todayDecember 14, 2023 10
insert_link Business / Economics Competition Commission investigates merger violations The Namibian Competition Commission says there are a few cases that they are currently investigating. In addition, 10 cases of contravention of merger regulations are under investigation and the mergers division is monitoring a further 37 cases. Meanwhile, in respect to anti-competitive conduct, the Commission during 2023, handled 19 investigations, of which six have been completed. Here is the Director of Enforcement and Cartels Division at NaCC, Paulus Hangula with […] todayDecember 13, 2023 14