Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Criminals dupe customers to obtain critical information – FNB
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Criminals dupe customers to obtain critical information – FNB

First National Bank (FNB) of Namibia yesterday advised clients to guard against becoming victims of fraudsters.  During a morning media briefing the bank noted that people simply fall prey to the scammers by unwittingly disclosing their private information in different ways.  Banking fraud is increasingly becoming of significant concern in Namibia, with a greater number...

EU injects N$20m to curb corruption 
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EU injects N$20m to curb corruption 

The launch of the Good Governance programme in Namibia is a step towards combating corruption and enhancing transparency in the country. This initiative, a joint effort between the European Union (EU) and the United Nations Development Programme (UNDP), aims to reduce corruption and bribery by promoting effective governance practices.  The programme, which will run from...

BoN to honour Geingob with a banknote
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BoN to honour Geingob with a banknote

The Bank of Namibia will on 10 February 2025 launch the Hage Geingob commemorative banknote in Windhoek, honouring the late president who passed away on 4 February 2024. This commemorative note will celebrate Geingob’s contributions to Namibia, including his role as the country’s third president from 2015 until his death.Photo: Contributed

World Bank shifts borrowing strategy for Namibia 
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World Bank shifts borrowing strategy for Namibia 

The World Bank has unveiled a new borrowing strategy for Namibia, marking a notable shift in its engagement with the country.  The recently-approved Count ry Par tnership F r amewo rk (CPF ) for 2025 to 2029 is set to facilitate International Bank for Reconstruction and Development (IBRD) lending, which is a departure from the...

EU commits N$20 million to fight corruption
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EU commits N$20 million to fight corruption

The European Union has allocated N$20 million to the United Nations Development Programme (UNDP) to bolster Namibia’s efforts in achieving national development goals aimed at fostering a transparent and equitable society resilient to corruption. This funding was announced during the launch of the Good Governance initiative, a collaborative effort involving UNDP Namibia and the Anti-Corruption...

Improving SOEs can create private sector opportunities 
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Improving SOEs can create private sector opportunities 

The World Bank (WB) recently stated that Namibia needs to reconsider the presence of state-owned enterprises (SOEs) in its domestic economy, before speaking of private sector-led growth.  “Unpredictable state transfers to SOEs create fiscal pressures and highlight the need for better governance,” reads a World Bank country partnership framework report released last month.  Since Namibian...

HDF to generate 142GWh green electricity
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HDF to generate 142GWh green electricity

Hydrogène de France (HDF), a French energy company, is poised to make a significant impact on Namibia’s electricity grid with its ambitious plan to generate 142GWh of green baseload electricity annually.  Should everything go as planned, the company is expected to reach its final investment decision for the first phase of the project in the...

EU partnership to mobilise N$400b for green industry
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EU partnership to mobilise N$400b for green industry

Ana-Beatriz Martins, the ambassador of the EU delegation to Namibia, noted EU partnership will mobilise N$400 billion in private investments for Namibia’s green hydrogen strategy. This is more than double Namibia’s gross domestic product (GDP), significantly advancing the nation’s aspirations for green industrialisation. She was speaking at the grant signing ceremony of N$42 million yesterday...