The Government Institutions Pension Fund (GIPF) has made progress in preparation for the implementation of the Financial Institutions and Markets Act (FIMA). The Act is designed to reform and consolidate the regulatory framework for non-banking financial institutions and markets in the country. As part of its ongoing efforts to provide clear and updated information, the […]
President Netumbo Nandi-Ndaitwah has emphasised Namibia’s commitment to enhancing bilateral cooperation with Russia through the Inter-Governmental Commission on Trade and Economic Cooperation. Established in 2005, the Namibia-Russian Inter-Governmental Commission on Trade and Economic Cooperation guides cooperation in political, economic, trade, humanitarian, and other fields. Dr. Nandi-Ndaitwah held talks with the visiting Russian Deputy Prime Minister, […]
The Zambian government, through its central bank, the Bank of Zambia, has introduced a new family of banknotes dubbed the heritage series to replace the older ones. The new notes come for the first time with an introduction of high-value notes that include 200 and 500 Zambian kwacha (ZK). The new notes that were introduced […]
NamPower’s new mobile substations, designed to facilitate continuous power supply in case of breakdowns at substations, arrived in Windhoek today. The substations were bought at a cost of N$50 million and were assembled in South Africa, as their components are from different countries. In a statement, NamPower said the two medium-power mobile substations named Rhino […]
The Ministry of Environment, Forestry, and Tourism (MEFT) is developing a spatial tourism master plan to promote organised and inclusive growth. The newly appointed minister Indileni Daniel announced that this plan is set to be completed by the end of June this year. Speaking during her first staff engagement in Windhoek on Monday, the Minister […]
There are nearly 1,000 unfilled vacancies at the Ministry of Works and Transport. Minister Veikko Nekundi voiced his frustration over the lack of action in filling these positions, especially amid Namibia’s high unemployment rate. In his maiden address to his staff after being elevated from deputy to minister, Nekundi called for immediate steps to address […]
The Minister of Finance has predicted a GDP growth rate of 4.5% this year and 4.7% in 2026. Ericah Shafudah said the strong growth is a result of activities in the mining sector, as uranium and gold prices remain broadly favourable. According to Minister Shafudah, agriculture is expected to further reinforce the positive outlook because […]
nbc News spoke to people from various quarters of society for a reaction to the national budget tabled today by Finance Minister Ericah Shafudah. Among those we spoke to were a political science scholar at the University of Namibia, Veziruapi Omega Tjirimuje and Victoria Negonga, also a political scholar at the same institution and a […]
The Omaheke Region is set to benefit from India’s assistance in the areas of agriculture, small and medium enterprises, information technology, and scholarship programmes for youth. Speaking during his familiarisation visit to the region, India’s High Commissioner to Namibia, Rahul Shrivastava, stressed that his country is ready to assist the Omaheke Region in various key […]
Tourism Officer for the Erongo and Kunene regions, Suama Nambala, emphasised the need to enhance Namibia’s tourism industry, ensure the safety of tourists and promote world-class customer service as the 2025 cruise liner season gets underway in Walvis Bay. Several ships are set to dock throughout March, including the return of the MSC Musica, which […]
