Author: Maihapa Ndjavera (Maihapa Ndjavera )

Oil and gas exploration in Namibia are the talk of the global town, following significant discoveries in the offshore Orange Basin last year, which is creating expectations of massive future government oil revenue.

The Namibia Investment Promotion and Development Board’s CEO Nangula Uaandja is worried that Namibians are not practising enough in the investment space in their own country. 

National Housing Enterprise CEO, Gisbertus Mukulu said the demand of 7% salary increment is not financially possible from the housing entity. 

​​​​​​​City of Windhoek cleaners said they want to be appointed and enjoy benefits, as many of them have been working on a contract basis from as far back as 1990. 

Another train derailed earlier this week, leaving the cash-strapped TransNamib counting the cost.

In May 2022, Namibia launched its first sovereign wealth fund, known as the Welwitschia Fund – and currently, the fund remains with an initial seed capital of N$300 million.

Already struggling with massive increases in food prices and expensive bank loans, consumers now have to tighten their belts even further following the announcement last week by the mines and energy ministry that the price of fuel will rise.

NATIONAL Housing Enterprise (NHE) workers on Friday embarked on a nationwide strike for the board and management to meet their demands, as the collective bargaining process had reached a deadlock. 

Preliminary outturns in many respects point to improving fiscal fundamentals aligned to positive domestic economic growth prospects and buoyancy arising from tax administration reforms, Finance and Public Enterprises Minister Iipumbu Shiimi has said.

Amid emerging challenges, the Road Fund Administration’s revenue has grown by 11% to N$2.4 billion due to operational effectiveness while its assets have also grown from N$1.8 billion to N$2 billion over the financial year ended 31 March 2022.