Author: Maihapa Ndjavera (Maihapa Ndjavera )

Finance and Public Enterprises Minister Iipumbu Shiimi yesterday shocked the national power utility company NamPower, ordering the company not to proceed with the planned power suspensions for indebted local councils that started on Monday. 

The Namibian government has no intention to seize any stake from existing mineral or petroleum licence holders and remain committed to uphold the sanctity of contracts. 

President Hage Geingob yesterday said Namibia remains open for business to those who see the country as an attractive investment destination. 

President Hage Geingob has urged Namibians to support government efforts, emphasising that opposition to national projects may hinder much-needed developmental progress.

On Thursday, Africans celebrated 25 May, 1963 that marks the formation of the Organisation of African Unity (OAU) which later became the African Union (AU).

The chairperson of the Parliamentary Standing Committee on Economics and Public Administration, Natangwe Ithete, has blasted the Financial Institutions and Markets Act (FIMA) (Act No. 2 of 2021) for its stance on the proposed regulation (RF.R.5.10) for the preservation of retirement benefits.

Andre Messika Diamonds, a supplier of polished diamonds to the global luxury jewellery market, this week revealed it will be donating 25% shareholding in the company to its Namibian employees. This is in efforts to promote local ownership and participation in the industry.

Namibia’s green hydrogen ambitions moved a step closer to fruition after Cabinet this week approved an agreement with Hyphen Hydrogen Energy. 

The cumulative number of household borrowers in Namibia increased by 6.9% quarter-on-quarter and by 4.5% year-on-year to 244 697 beneficiaries by December 2022. 

Namibian Competition Commission (NaCC) CEO Vitalis Ndalikokule yesterday said the commission is well awake to take action to prevent unfair business practices.