Oil and green hydrogen industries can help in achieving Vision 2030: Iipumbu

By Suzith Tjitaura With only seven years left to Namibia achieving its vision of becoming an industrialised nation by 2030, Minister of Industrialisation and Trade, Lucia Iipumbu has expressed optimism that the discovery of oil and the potential green hydrogen industry will help this vision be achieved. Iipumbu, who made the remarks here during the official opening of the 67th Keetmanshoop Agricultural, Industrial and Tourism Expo on Tuesday, said should […]

November 1, 2023 21

Business / Economics

Understanding the Financial Landscape of Namibia: Insights from the Old Mutual Financial Services Monitor

In a time of economic uncertainty, Old Mutual Namibia remains committed to gaining a deeper understanding of the financial behaviours and attitudes of Namibians. Yesterday Old Mutual Namibia launched its Old Mutual Financial Services Monitor (OMFSM), an annual study, which offers invaluable insights by focusing on a key cohort in society, namely employed Namibians, who account for about 28% of the Namibian population, aged between 18 to 65 with an […]

November 1, 2023 6

Namibia

African Development Bank approves $196 million loan to modernize railway Namibian infrastructure

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP). The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost. The Namibian government will provide the remaining 48.2 percent. The project aligns with Namibia’s long-term Vision 2030 to the country’s Namibia’s logistics value […]

November 1, 2023 6

Opinion Pieces

Mid-Term Budget Review: Never too late to reform

By Josef Kefas Sheehama Namibian Finance Minister, Mr Iipumbu Shiimi, delivered his 2023/2024 Mid-Term Budget speech on 31 October 2023, taking note of the achievements, challenges, and performances of State-Owned Enterprise (SOE). The Mid-Term Budget Review plays a critical role in the entire budgetary process because it sets the tone for the fiscal framework for the next main budget. The budget is the most important economic instrument of government, as […]

November 1, 2023 5

Business / Economics

FY2023/24 Mid-year Budget Review Statement

FY2023/24 Mid-year Budget Review Statement Presented by Iipumbu Shiimi, MP Minister of Finance 31 October 2023 Honourable Speaker; Honourable Members of Parliament; Fellow Namibians; 1. I have the honour to table for the favourable consideration and approval of this House the 2023/24 Mid Year Budget Review. This review follows the 2023/24 National Budget which I tabled on 22 February 2023 under the theme “Economic Revival and Caring for the Poor”. […]

October 31, 2023 17

Business / Economics

The impact of collective contributions for Sustainable Development

By Bank Windhoek’s Sustainable Finance and Environmental, Social and Governance (ESG) Analyst, Joachim Komeheke The concept of sustainable development has evolved over the past decades. These changes are rooted in the global community’s numerous environmental and social awareness achievements. Namibia is an excellent example of how far we have come in driving sustainable development, particularly in ensuring the protection and conservation of our natural environment, an aspect enshrined in the […]

October 30, 2023 9

Entertainment

Youth Theater Festival Victory for Windhoek Gymnasium

Windhoek Gymnasium Senior Primary School made a noteworthy appearance in the Curro Create National Youth Theatre Festival with their captivating drama production, "Pluk vir my ‘n Reënboog." This enchanting and joyful play about a girl and her imaginary friends delves into the profound consequences of excessive social media usage among children, shedding light on the loss of childhood creativity and the importance of friendship. "Pluk vir my ‘n Reënboog" earned […]

October 30, 2023 26

Sport

Metropolitan Gravity Cup 2023

Sport: This past weekend, Windhoek was alive with competitive spirit as 39 schools, featuring 136 teams – 9 private and 30 government institutions – clashed in the Metropolitan Gravity School Sports Cup. Schools from all over Namibia united, exhibiting outstanding athleticism and camaraderie in Hockey, Netball, Rugby 7's, and Soccer 6-A-Side. Highlights of the Tournament: In Hockey, St. Paul’s led the pack for the girls across all age groups, while […]

October 30, 2023 11

Environment

Fruit Production an untapped Agribusiness with many Opportunities

By Hanks Saisai, Technical Advisor: Crops & Poultry According to a study conducted by the Namibian Agronomic Board, Namibia ‘s fruit production sector accounts for about 4% of local production (a mere 732 tons) compared to an estimated 20 282tons imported from other countries to meet local demand. Most fruits consumed in Namibia such as apples, pears and bananas are seldom produced in Namibia. To this end, oranges and grapes […]

October 30, 2023 17