The strong performance of the Namibian Dollar (NAD) against the US Dollar (USD) in July, at N$18.21 to US$1, is among many factors that resulted in fuel prices remaining unchanged for August. Motorists will once again breathe a sigh of relief as both petrol and diesel grades will remain unchanged. This comes after the Ministry […]
The Ministry of Mines and Energy announced on Tuesday that fuel prices for August will remain unchanged. In a statement released on Tuesday, the ministry’s spokesperson, Eshioshange Hasheela said the price of petrol will remain at N$22.20 per litre, diesel 50 ppm remains at N$21.57, while diesel 10 ppm remains at N$21.67. According to Hasheela, […]
The Ohlthaver & List (O&L) Group has announced the successful acquisition of the remaining 49.9% shares in Broll Namibia, formerly owned by the Broll Property Group (Pty) Ltd. This transaction, which became effective on 1 July 2024, makes O&L the sole shareholder. O&L Group Executive Chairperson, Sven Thieme, said on Tuesday in Windhoek that the […]
The Road Fund Administration has increased its budget for road infrastructure for local authorities from N$160 million to N$430 million in this financial year. Speaking during a ground-breaking ceremony on the Auas Road in Windhoek , the Chief Executive Officer of the Road Fund Administration, Ali Ipinge, explained why they increased the funding. “This year, […]
UNDP’s Resident Representative to Namibia, Alka Bhatia, says that the organisation recognises the vital role that small-scale mining plays in Namibia’s economy. According to recent data, small-scale mining contributes significantly to the local economy, providing income for over 10,000 households. Bhatia was speaking at the Personnel Protective Equipment Handover Ceremony for Small-Scale Miners at Xobo […]
The Deputy Executive Director in the Ministry of Industrialization and Trade, Michael Humavindu, has denied allegations emanating from South Africa that Namibia has banned fresh produce imports from the southern neighbour. An article by Agbiz Chief Economist Wandile Sihlobo claimed that Namibia and Botswana had imposed such a ban, causing frustration in South Africa among […]
Namibia took part in the 67th meeting of the United Nations Tourism Regional Commission for Africa and the Second United Nations Tourism Regional Conference on Brand Africa, held in Zambia. Representing Namibia, the Acting Chief Executive Officer of the Namibia Tourism Board contributed to the discussions by sharing Namibia’s perspective on the importance of branding […]
The Cabinet has directed the Ministry of Finance to commence with the mobilisation of funds for the construction of the Baynes regulating dam and Baynes main dam, including sourcing additional funding for the construction of the road access to the Baynes Project site. This is one of the resolutions taken during the Cabinet meeting held […]
Local banks have been called upon to play a proactive role in the development and funding of small and medium enterprises (SMEs). President Nangolo Mbumba says another way is for the banks to involve more equity types of instruments and substantially lessen collateral requirements. Dr. Mbumba’s appeal was highlighted during an engagement with the banking […]
The Keetmanshoop Electricity Business Unit (KEBU) has urged pensioners to register for the social electricity tariff to benefit from a discounted electricity rate. “What we said is that if the pensioner buys, say, power for N$10, he will get 58 units while you and I will only get 46 units. In the past, we said, […]
