City of Windhoek sets water restrictions

The City of Windhoek is facing severe water scarcity, and a 15% water-saving target has been set for all residents in the city.  The capital city has been facing drought since July, and the municipality has resorted to enforcing strict water savings measures that came into effect on Sunday.  As the water situation in the […]

FIMA set to regulate retirement funds, Insurers, and investment Schemes

The Financial Instituations and Market Act (FIMA) has the potential to create and govern retirement and medical aid funds and their administrators, short- and long-term insurers, investment schemes, and asset management, amongst others. The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (NAMFISA), Kenneth Matomola, recently highlighted that FIMA was received with mixed […]

Fuel prices to decrease

Spring has certainly sprung as Namibian motorists are greeted with good news as the Ministry of Mines and Energy announces a decrease in fuel prices, effective from Wednesday, 4 September 2024.  This marks the third fuel price drop of the year, providing much-needed financial relief as the country enters the final quarter of 2024. According […]

NIDA seeks investors for feedlot at Kavango Cattle Ranch

The Namibia Industrial Development Agency (NIDA) is seeking investors for feedlot development, fodder, and feed cultivation at its Kavango Cattle Ranch facility in the Kavango West Region. The agency’s recently appointed Chief Executive Officer (CEO), Richwell Lukonga, said in a statement on the Industrialisation Agenda in Namibia that the investment also includes possible biomass production, […]

Schools urged to utilise funds for intended purposes

The Deputy Minister of Education, Arts, and Culture, Faustina Caley, has called on schools to utilise their funds for the intended purposes. Caley spoke at the Otjozondjupa Regional Education Directorate’s state of education consultative meeting at Otjiwarongo. The platoon systems, shortage of qualified teachers, especially in Indigenous languages, and lack of new teaching and learning […]