Government to implement structural policy reforms to address downgrade – Schlettwein

Minister of Finance, Calle Schlettwein has called on the private sector and investor community to remain positive while Government implements structural policy reforms and addresses the latest downgrade from Fitch Ratings. The credit rating agency announced on Tuesday that Namibia’s long-term foreign-currency Issuer Default Rating (IDR) was downgraded from BB+ to BB, while Namibia’s credit […]

Woman apologises for exploiting young girl

A woman found guilty of human trafficking earlier this year after luring a young girl to Okahandja where she exploited her sexually, on Wednesday extended a tearful apology to the victim and her family. Tuufilwa Ndawina Jonas is also related to the victim, who was aged 15 in 2017 when the incident occurred. The 34-year-old […]

Two sisters and alleged killer buried together

The man who allegedly killed his ex-girlfriend and her sister before committing suicide in the Ohangwena Region last month was buried along with the siblings at the Oshaango cemetery on Saturday. Samuel Enghono allegedly attacked his ex-girlfriend, 23-year-old Ndamononghenda Tateoshoati Nafuka and Martha Nafuka (32), with a panga at Ehenge village on 20 September. He […]

PEPFAR hands over HIV drugs to Namibia

The United States President’s Emergency Plan for AIDS Relief (PEPFAR), through the American embassy, handed over a consignment of more 95 000 bottles of HIV drugs – to be distributed throughout Namibia. The drug, known as Dolutegravir, is regarded as highly effective, in terms of tolerance, maintenance and a high genetic barrier to resistance.

Fitch downgrades Namibia’s creditworthiness

-Fitch Ratings has downgraded Namibia’s credit rating to BB from BB+ with a stable outlook. “The downgrade of Namibia’s ratings reflects the mutually-reinforcing deterioration in economic growth and fiscal metrics. The macroeconomic environment has worsened further and Fitch has lowered its assessment of Namibia’s growth potential. “Subdued economic prospects amid exceptionally elevated inequality and high […]