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...
The Road Fund Administration (RFA) has received some strong negative reaction to a proposed toll gate introduction as a revenue option to maintain the national road network. And now, the contentious project has been put on hold until further notice. RFA CEO Ali Ipinge in a recent report said the feasibility study on the tolling...
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...
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
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...
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...
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...
Owning a home in Namibia is becoming increasingly challenging, as the average house price surpassed the N$1.3 million mark during the third quarter of 2024. The average Namibian house now costs N$1 303 179, which is a notable increase from the N$1 263 673 recorded in the second quarter of the same year. This increase...
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...
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...