The National Petroleum Corporation of Namibia (Namcor), in conjunction with its joint venture partners Impact Oil and Gas, Qatar Energy and TotalEnergies, remains committed to finding a path to develop the Venus Field in Block 2913B (PEL 56). In a recent statement, Namcor noted that exploration of another prospect, Marula-1X, was unsuccessful. “As partners, we...
A notable acceleration in corporate credit uptake has resulted in domestic private sector credit extension (PSCE) growing by 5% year-on-year (y/y) in March 2025, up from the 3.9% y/y recorded in February. This marks the strongest pace of credit expansion in five years. Corporate credit constitutes approximately 50% of total domestic credit extended. This increased...
Chelva Wells Minister of Education, Innovation, Youth, Sports, Arts and Culture Sanet Steenkamp has announced a N$1.3 billion budget allocation for her ministry, dedicated to youth empowerment and development. She announced on Tuesday during her presentation of the Vote 27 budget for the 2025/26 financial year in the National Assembly that it reflects the government’s...
Seasoned executive and former presidential advisor on constitutional affairs and private sector interface Inge Zaamwani has landed what many opine is the biggest ministerial portfolio in terms of contribution to GDP. Yesterday, President Netumbo Nandi-Ndaitwah appointed her as a non-voting member of the National Assembly. She then appointed Zaamwani as the new minister of Agriculture,...
OKONGO – A group of Okongo homeowners say they are victims of a failed housing project which has forced them into a financial stranglehold. They are now paying mortgage instalments on incomplete, unoccupied houses while still forking out rent elsewhere. The residents of Block 103 remain stuck in a cruel limbo, paying for roofs over...
Eba Kandovazu Namibian Police Force Deputy Inspector General Elias Mutota has confirmed the arrest of three family members in connection with the Namib Desert Diamonds (Namdia) diamond heist that took place in Windhoek in January 2025.The arrested trio has been identified as George Cloete, his wife Charmaine Cloete, and his brother Bino Cloete. Mutota could...
Lahja Nashuuta The government has constructed 957 housing units across the country during the 2024/2025 financial year through different initiatives. The initiatives include the Mass Housing Development Programme, the Build Together Programme and the Shack Dwellers Federation of Namibia (SDFN). This was revealed by Urban and Rural Development minister Sankwasa James Sankwasa while motivating the...
President Netumbo Nandi-Ndaitwah will undertake her first working visit to Angola today. The visit ends tomorrow, presidential spokesperson Alfredo Hengari confirmed. It marks Nandi-Ndaitwah’s first officiate engagement outside Namibia. The visit will be her first to her Angolan counterpart João Lourenço since assuming office on 21 March 2025. It aims to reinforce the historic and...
Iuze Mukube A Zimbabwean couple accused of killing a nine-year-old girl told Judge Philanda Christiaan on Tuesday that they were intimidated by police investigators into disclosing incriminating information in their warning statements. During the trial-within-a-trial proceeding, Caroline and Edward Nkata, who are challenging the admissibility of their statements, argued that they were not properly informed...
The doctor that conducted the examination on a three-year-old girl allegedly raped by a 35-year-old man in Aranos concluded that forceful penetration took place. Dr Dawina Oaes told Windhoek High Court Judge Claudia Claasen on Tuesday that when she examined the little girl, she found bruises, swelling and a tear on her private parts. She...