Author: Maihapa Ndjavera (Maihapa Ndjavera )

Energy minister Tom Alweendo last week again admitted that government is gravely concerned about Namibia’s increasing fuel price.

The accessibility to decent housing improves people’s lives and mental health, while also creating a conducive environment for communities to thrive in. In this vein, the National Housing Enterprise (NHE) yesterday housed 40 families in Otjiwarongo in the Otjozondjupa region. The 40 houses were constructed through partnerships between NHE, the private sector and the Otjiwarongo municipality.

The uranium exploration saga in the Omaheke and Hardap regions has been dealt a decisive blow after water minister Calle Schlettwein this week said no mineral exploration drilling and in-situ leaching activities shall occur in any aquifer.

Contributing to the Abolition of Payment by Cheque Bill in the National Assembly on Tuesday, Popular Democratic Movement (PDM) parliamentarian, Elma Dienda, shared her concerns on contactless technology as a regular payment method.

Owing to the profitability indexes, Namibia’s financial sector is dominantly occupied by foreign investors and most of the profits recorded leave the country to parent companies outside Namibia.

Namibia acquired a loan of N$2.3 billion from the African Development Bank to co-finance the second phase of Namibia’s governance and economic recovery support programme (GERSP II).

South African-based airline Airlink is acquiring a 40% strategic equity holding in privately-owned Windhoek-based Fly Namibia. The announcement was made on Wednesday during a media briefing.

The slowdown in sales activity, particularly within the small housing segment, which has historically dominated the market, presents a huge risk for the development of the housing market and economic recovery in general.

Government’s public debt has been increasing at a rapid speed over the years, leaving behind a much-needed component of economic growth. 

The Bank of Namibia is expected to apply to the High Court today for the liquidation of Trustco Bank Namibia, a subsidiary of Trustco Group Holdings.