repo rate unchanged at 7.75%

The repo rate will remain unchanged at 7.75% for the upcoming two months. This announcement was made by Bank of Namibia (BoN) Governor Johannes !Gawaxab during the monetary policy declaration at Oshakati. The Bank’s Monetary Policy Committee held its bi-monthly meeting on the 14th and 15th of August this year and decided on the appropriate […]

Green Hydrogen takes over

Over the past two years, Namibians have been hit by a new craze. Two words have taken over all major discussions in the country, and everybody wants to understand them and be part of them. That’s green hydrogen. Green hydrogen is also known as renewable hydrogen or clean energy. It is produced by using renewable […]

Loss of revenue derails development of country

The Executive Director of the Anti-Corruption Commission (ACC), Tylvas Shilongo, says loss of revenue does not only deprives the state of revenue but also derails the development of the country. Shilongo highlighted this during the handover of the NamRa Domestic Taxes Western Region Report at Walvis Bay. Shilongo says revenue collected through taxes assists in […]

Institutions urged to promote career guidance

The Minister of Education, Arts and Culture, Anna Nghipondoka, has stressed that career guidance programmes should provide learners with information based on the needs of the country. Nghipondoka was speaking at the Ritja Career Fair at Otjiwarongo. Career paths or fairs are becoming popular across the country to help learners make informed decisions about their […]

Agriculture Ministry plans to drill 100 boreholes

The Directorate of Water Supply within the Ministry of Agriculture, Water, and Land Reform plans to drill a hundred more boreholes across the country in this financial year. Dr. Elijah Ngurare, the Deputy Executive Director for Water Supply and Sanitation Coordination, however, shared his frustration about people stealing water pumps and literally reversing government achievements. […]

Oil is not an automatic remedy for socio-economic challenges – Alweendo

The Mines and Energy Minister, Tom Alweendo, says the recent oil and gas discoveries in commercial quantities have raised expectations for significant revenue flow and employment opportunities for Namibians. Alweendo says that the discoveries hold great potential to improve socio-economic challenges that are experienced in the country, but points out that the development of an […]