National rail service provider TransNamib remains in a challenging financial position due to its short-term cash-flow position and limited rolling stock capacity.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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PDM calls for procurement board to be fired
Popular Democratic Movement (PDM) parliamentarian Nico Smit, yesterday called for the dissolution of the Central Procurement Board of Namibia (CPBN).
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NHE workers vote to down tools
The National Housing Enterprise’s workers are expected to embark on industrial action to force the board and management meet their demands as the collective bargaining process has deadlocked.
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Alarm bells ring over public debt
Namibia finds itself in a precarious situation, where public debt has reached maximum levels, as government has been unsuccessful in abiding by its targets for public debt.
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Geingob: War benefits no one
President Hage Geingob yesterday cautioned a visiting European Union delegation that conflict benefits no one.
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Uranium One still hopeful for Leonardville mining…as company awaits new borehole drilling permits
The mining company exploring uranium in the Leonardville area, Uranium One, remains optimistic they will commence with actual mining a few years from now.
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GIPF labels domestic markets shallow for investment
While remaining committed to supporting the domestic market by investing in viable corporate bonds when they become available, the Government Institutions Pension Fund (GIPF) has lamented the number of local investment options, noting the Namibian market is still shallow, with limited investment products and issuers.
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Trade activities improved significantly during 2022
Namibia’s trade activities continued to increase between January 2022 to November 2022 when compared to the same period of 2021.
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Locomotive capacity limits regular passenger services…as rail operator to continue running special trains
TransNamib, the national rail provider, has confirmed that limited locomotive capacity restricts it from introducing regular passenger service. This is according to TransNamib spokesperson Abigail Raubenheimer.
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Tsumeb water contamination probe continues
The Tsumeb community is still advised to use boiled water after the town’s water supply was recently deemed unfit for human consumption, based on a microbiological quality assessment.