The Oshakati Town Council is making strides in infrastructure development, with multiple projects currently underway to improve the residents’ living standards and sanitation. The projects include the construction of gravity sewer systems aimed at transforming the informal settlements into healthier and more organised communities. The town’s mayor, Leonard Hango, said that the ongoing gravity sewer […]
The Namibia Financial Institutions Supervisory Authority (NAMFISA) recovered over N$2.7 million for consumers in the non-banking financial sector during the third quarter of 2024, resolving complaints swiftly and effectively. In a media statement issued on Thursday, NAMFISA’s Chief Executive Officer, Kenneth Matomola, stated that the Authority handled 80 complaints between 01 July and 30 September […]
Many small business owners plan to keep working during the holidays because they know how hard it is to stick to tight budgets in January. Despite business being slow for vendors operating in the parking lot of Central Town near Shoprite, many here intend to stay put over the festive season to soak up every […]
Fixed-line subscriptions continue with a downward trend as more Namibians are now using mobile telecommunications services. A quarterly report by the Communications Regulatory Authority of Namibia (CRAN) shows an increase in the total number of active SIM cards by 2%, with both prepaid and postpaid segments recording modest growth in the third quarter of 2024. […]
Motorists will not need to budget for extra fuel during the festive season, as petrol and diesel prices will remain unchanged in January 2025. The fuel price trends in December showed a moderate rise in diesel prices, driven by the continued uptick in global demand. In contrast, petrol prices softened due to relatively stable global […]
Cuba’s Special Development Zone, set up in the Mariel locality, is looking to attract foreign investors, including businesses from Namibia. President Nangolo Mbumba and a delegation visited the Mariel Special Development Zone to familiarise themselves with business operations. The 465-square-kilometer Special Development Zone is part of a series of new reforms by Cuba’s government to […]
As the country grapples with cyberattacks, the Health and Social Services Ministry’s dashboard, specifically the Pharmaceutical Management Information System, was compromised, revealing the names and email addresses of the primary users. However, Ben Nangombe, the Executive Director of the Health Ministry, stated that it is unclear whether the entire data set was copied by the […]
Xinfeng Investments has requested that the Ministry of Mines and Energy speed up approval of its license to export processed lithium ore before the year ends. Xinfeng representatives said the delay in issuing the export permit and mining license, coupled with low lithium prices, is crippling the company. The persistent decline in lithium prices during […]
Namibia’s Gross Domestic Product (GDP) shows growth of 2.8% in the third quarter of the year, up from 2.7% in the previous quarter. The Namibian Statistics Agency (NSA) indicated the economy’s size in the third quarter of 2024 reached N$61.6 billion, marking an increase of N$5.3 billion compared to the N$56.3 billion recorded in the […]
Mines and Energy Minister Tom Alweendo underscored the importance of not identifying the oil and gas industry as the sole driver of economic transformation or job creation. Speaking at the launch of the National Industrial Baseline Survey, Alweendo pointed out that by the time the sector begins production, the direct employment generated could be minimal. […]
