Month: September 2024

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Favourable market conditions push fuel prices down
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Favourable market conditions push fuel prices down

Petrol prices will decrease by N$1.20 cents per litre, and both diesel 50ppm as well as diesel 10ppm prices will decrease by N$1.10 cents per litre. The decreases, effective as of Wednesday, 4 September, are made possible by what the energy ministry terms “improved market conditions”. These include a lower demand for oil, and a...

Financial boost for Nam at Global African Hydrogen summit
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Financial boost for Nam at Global African Hydrogen summit

As the world moves towards sustainable energy solutions, Namibia stands at the forefront of the green hydrogen revolution, with vast renewable resources and strategic vision, fuelling the country’s ambitions of becoming the sustainable energy capital of Africa.  The inaugural Global African Hydrogen Summit (GAH2S), scheduled for 3 to 5 September 2024 in Windhoek at Mercure...

Payday lenders dominate new loans at 83%…as microlending up by 7.9% to N$7.2 billion 
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Payday lenders dominate new loans at 83%…as microlending up by 7.9% to N$7.2 billion 

The number of new loans issued in Namibia during the first quarter of 2024 increased by almost 10% to 166 452. This represents a quarter-to-quarter increase of 9.8%, and a 16.1% increase year-on-year (y/y).  This uptake in loans suggest a robust demand for financing, indicative of a strengthening lending environment. This can have broader implications...

Pandemonium rocks IUM dance competition
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Pandemonium rocks IUM dance competition

Paulina Ndalikokule NKURENKURU – A traditional dance competition organised by the International University of Management’s Nkurenkuru campus to entertain and showcase talent ended in chaos last Wednesday. The chaos erupted after an alleged bias during the judging and police had to be called in to restore order. Students and community members allegedly became disgruntled after...

Low ticket sales bury Met Gala 
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Low ticket sales bury Met Gala 

The much-anticipated Met Gala, originally scheduled for Saturday at the Mercure Hotel, has been postponed due to low ticket sales.  This inaugural fundraising event for fashion designer Mellisa Poulton was aimed to generate funds for her upcoming participation in Paris Fashion Week while also supporting local artists and designers.  Poulton announced the postponement, stating that...

Opinion – The ‘invisible’battle of ideas
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Opinion – The ‘invisible’battle of ideas

On 18 August, I published an opinion piece in The Namibian newspaper, titled: ‘The people of Venezuela have spoken.’  In that opinion piece I, inter alia, stated that I had observed the presidential elections that were held in Venezuela on 28 July. I further argued that, according to my analysis, and contrary to what was...

Ndeitunga calls for fast development of aquifer 
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Ndeitunga calls for fast development of aquifer 

EENHANA – Ohangwena regional governor Sebastian Ndeitunga has called for expedited development of Aquifer II to address the region’s drinking water shortages. Ndeitunga made these remarks during his State of the Region Address (Sora) at Eenhana on Wednesday, saying the aquifer, has the potential to provide water to people in and outside of the Ohangwena...

Omaheke cries for network coverage 
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Omaheke cries for network coverage 

Zebaldt Ngaruka OHAMBO JATATE – Telecom Namibia and MTC customers have called for network expansion in the Omaheke region. The calls are from customers’ complaints in one of the less developed constituencies in the region. Most TN customers complained that the coverage by their service provider ends in the Gobabis area, leaving the other six...