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Namibia’s business community calls for action against unemployment, poverty and inequality in tribute to late Founding President Sam Nujoma. In this regard, they have emphasised an urgent need to address the country’s persistent challenges of unemployment, poverty and inequality, viewing this as the most fitting tribute to the late founding president. During a memorial service...
Government’s savings strategy has accumulated nearly US$420 million, demonstrating its commitment to managing its Eurobond obligations due on 29 October 2025. Bank of Namibia governor Johannes !Gawaxab was this week confident the country will not default on this bond, as it is on the right track to meet all debt repayment obligations. “We said come...
Frank Fredericks, a celebrated figure in Namibian sports, on Wednesday night, shared his reflections on the late Sam Nujoma’s profound influence on the nation, particularly during Namibia’s early years of Olympic participation. Fredericks reminisced about the historic 1992 Summer Olympics in Barcelona, a momentous occasion f o r the country. Namibia’s debut at the 1992...
The Bank of Namibia has warned of potential economic repercussions for Namibia following the United States’ decision to suspend foreign aid to numerous countries, including those in Africa. BoN governor Johannes !Gawaxab, the move could significantly affect Namibia due to its currency’s peg to the South African rand and the close trade relationship between South...
The Communications Regulatory Authority of Namibia (Cran) strives for the operationalisation of the Universal Service Fund (USF). The USF in Namibia is a funding mechanism designed to expand communication services to underserved areas and populations. The mechanism is financed primarily through contributions from mobile network operators and telecommunications companies. The fund ensures contributions benefit citizens and...
The Communications Regulatory Authority of Namibia (Cran) has announced a substantial financial turnaround, reporting a total comprehensive surplus of N$32.8 million for the fiscal year. This is a 293% increase compared to the previous year’s N$17 million loss. This growth is largely attributed to increased spectrum revenue from a successful spectrum auction, and a positive...
MALTAHÖHE – Namibia is poised to become the first African nation to harness renewable energy from the cactus plant, thanks to a pioneering Nopal Carbon Farming project launched in Maltahöhe last week. This project marks a step forward in converting arid lands into productive bioenergy sites. The project, located on farm Namseb in partnership with...
The passing of Sam Nujoma, Namibia’s founding president, has sent ripples through the business community. As a pivotal figure in the country’s struggle for independence from apartheid South Africa, Nujoma laid the groundwork for a stable and inclusive economic environment. Many stated that his leadership was crucial in fostering national reconciliation and economic stability after...
Concerns over elevated radionuclide levels in the Stampriet Water Basin have reignited debates about the environmental risks posed by uranium exploration in the Leonardville area. Uranium One, through its Namibian subsidiary Headspring Investments, confirmed that water samples from the aquifer revealed high concentrations of radionuclides, which could pose serious health risks. “We found elevated levels...
The usually sleepy town of Lüderitz is going through a major transformation to accommodate the promising and ambitious green hydrogen sector with over N$60 million worth of contracts awarded so far. The ultimate goal is to transform towns in the //Kharas region, particularly Lüderitz and Aus, to accommodate the emerging industry as well as a...