Bank Windhoek grows northern property financing

Bank Windhoek grows northern property financing

In 2023, Bank Windhoek sold 142 properties through estate agents in northern Namibia valued at N$188 million. Bank Windhoek Executive Officer of Retail Banking Services and Specialist Finance, James Chapman, announced this substantial increase compared to properties sold at N$88 million in 2021. Chapman was speaking at the Bank Windhoek Annual Northern Estate Agent Awards held on Thursday, 23 May 2024, in Oshakati. The awards recognise residential […]

May 27, 2024 16

Namibia

Khomas tops prices for bread and oil

Residents of Khomas referred to as Zone 2, have experienced a slightly higher inflation rate of 5.7%, while those in the northern regions, known as Zone 1, saw a slightly lower rate of 5.5%. The southern regions, or Zone 3, which includes Omaheke and Erongo, experienced the lowest inflation at 5%. According to Namibia Statistics Agency spokesperson, Mirjam Shihepo, in terms of consumer goods prices, Khomas stood out with the […]

February 8, 2024 53

Namibia

Opuwo Town Council issues warning as roaming livestock hinder development

The Opuwo Town Council has issued a warning to livestock owners to maintain suitable enclosures to keep their livestock from roaming within the town’s boundaries. Extensive amounts of livestock, including goats, sheep, cattle, and pigs, are currently being kept within the town’s boundaries, with some being brought in from neighbouring villages. The growth in the animal population poses unique challenges, with the town council’s technical director, Karui Rikambura, describing […]

January 15, 2024 22

Business / Economics

Namibia records decrease in December inflation

The Namibia Statistics Agency has just released the December inflation figure, which stood at 5.3%, marking a decrease from 5.7% in November and 6.9% reported in December 2022. Here is the NSA's Public Relations Officer Mirjam Shihepo.

January 11, 2024 54

Namibia

Revamping of water system causes water scarcity in northern Namibia

NamWater Chief Executive Officer (CEO) Abraham Nehemia said the water scarcity in Northern Namibia has been caused by the revamping of the water system from Calueque to the Oshakati canal, the treatment plants and the pipelines. Speaking to Nampa on Wednesday, Nehemia said the water systems in place from Calueque to Omuthiya were built in the 1970s and 1980s and the systems are now insufficient for the increased population. “NamWater […]

November 23, 2023 9