Residents of Opuwo in the Kunene region are grappling with a devastating crisis of termite infestations in their homes. The houses in question are among the 29 residences allocated by the National Housing Enterprise (NHE) in 2017. Recently, one family experienced a terrifying moment when their sitting room ceiling collapsed while they were inside, highlighting the urgent...
LÜDERITZ –Head of Environmental, Social and Governance (ESG) at the Namibia Green Hydrogen Programme Eline van der Linden said the initiative does not rely on government funds. “People have been asking ‘where are these people getting money’, or ‘are they taking all these risks in this new sector with government money?’ No, we are not...
MARIENTAL – As tensions rise ahead of Namibia’s upcoming elections, Popular Democratic Movement (PDM) leader McHenry Venaani has voiced concern about its credibility during a rally in Mariental on Sunday. He criticised the Electoral Commission of Namibia (ECN) for awarding a controversial ballot printing tender to South African company Ren-Form CC. He stated “What we...
The southern town of Mariental was this weekend abuzz with political energy. The Landless People’s Movement (LPM) and Swapo hosted significant events at the same time on Sunday at the town. The early hours of the day were filled with the sounds of throngs of supporters singing and honking their car horns. The town was...
Namibia is facing severe challenges in its foreign direct investment (FDI) landscape,as recent reports indicate a notable decline in net FDI inflows during the second quarter of 2024. This downturn, amounting to a decrease of N$7.2 billion year-on-year and N$3.9 billion quarter-on-quarter, has brought net inflows down to N$8.5 billion. FDI refers to an ownership...
The domestic retirement funds industry is faced with a significant liquidity challenge. This is as recent data reveals a troubling decline in the industry’s ability to meet short-term financial obligations. The industry’s liquidity ratio, which measures the adequacy of contributions to cover expenses and benefits, has dropped from 77% to 67.3% over the past year. The latest figures were...
The National Housing Enterprise (NHE) recently marked a significant milestone as it finalised a backlog of financial reports that has persisted for more than seven years. This completion is expected to bring much-needed clarity and transparency to the organisation’s financial standing, which is crucial for maintaining stakeholder confidence. The reports cover seven audited financial statements...
The Institute for Public Policy Research (IPPR) has raised critical concerns regarding the burgeoning green hydrogen sector in Namibia. In its latest publication, IPPR research associate Frederico Links emphasised that while there has been significant excitement surrounding new developments, it is now time for a realistic and inclusive evaluation of the situation. He pointed out that the...
The domestic microlending sector loan book value has shown a notable increase, reflecting a shift in borrowing trends and preferences among consumers. As of the end of 2023, the value of the domestic loan book grew by 6.1% year-on-year, reaching an impressive N$7.2 billion. This growth is primarily attributed to term lenders, whose loan value amounted to N$6.9...
TransNamib CEO Desmond van Jaarsveld has highlighted critical challenges facing Namibia’s rail transport sector. He specifically pointed out inefficiencies that have forced fuel and mining operators to rely predominantly on road transport. In a recent presentation, he noted that rail accounts for only 12% of fuel transport in Namibia, a figure he deems “way too...