Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Strengthen and fast-track fishing laws – report
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Strengthen and fast-track fishing laws – report

Government has taken issue with the lucrative fishing sector in a 2024 report from the National Planning Commission (NPC). The report focuses on Namibia’s third voluntary national review progress on the implementation of the Sustainable Development Goals towards Agenda 2030.  “There is a need to strengthen and fast track all relevant governance legislation to ensure...

Entrepreneurs pleadfor Govt intervention … as ngungula still flows freely
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Entrepreneurs pleadfor Govt intervention … as ngungula still flows freely

The Namibia Local Business Association met with President Nangolo Mbumba at State House on Wednesday to express concern over issues they see as pertinent to the survival of local businesses. The smuggling of cheap fuel from Angola, protection of local businesses, the repo rate and government procurement formed part of the discussions.  The State House...

E-money dominates 2023 bank transactions
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E-money dominates 2023 bank transactions

Electronic money or e-money is now viewed as the most convenient and efficient method of conducting financial transactions.  With e-money, individuals can make payments and transfers electronically, eliminating the need for physical cash. Bankers Association of Namibia (BAN) CEO Brian Katjaerua said this week that by December 2023, N$67 billion had been transferred through e-moneychannels...

Namibia ready to honour US$750 million bond
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Namibia ready to honour US$750 million bond

Government is making the necessary preparations to ensure the country is able to meet its Eurobond obligations on 29 October 2025. This is according to finance ministry spokesperson Wilson Shikoto, who stated Namibia is ready to repay its largest single-day debt maturity in the country’s history.  Bonds are investment securities where an investor lends money...

Mineral exports for analysis capped at 1000kg
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Mineral exports for analysis capped at 1000kg

After resolving to prohibit the exportation of Namibia’s critical minerals in raw form to create more local jobs and local value last year, Cabinet now endorses a maximum quantity of 1 000kg for mineral analysis per annum per exporter or producer.  This submission was made by the mines and energy ministry last week, and applies...

Banks: Hands tied on fees, charges
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Banks: Hands tied on fees, charges

The Bankers Association of Namibia (BAN) has stuck to its guns, saying it is normal to keep interest rates aligned with repo rate adjustments, as it makes economic sense. This is despite a persistent public outcry, parliamentarians’ claims that banks are greedy, and President Nangolo Mbumba asking them to reconsider their approach “We must hike...

Iipumbu advocates for AGOA inclusivity …calls for support to complement African free trade
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Iipumbu advocates for AGOA inclusivity …calls for support to complement African free trade

Much of the trade emanating from the African Growth and Opportunity Act (AGOA), the United States (US) legislation that provides eligible sub-Saharan African countries with duty-free access to the American market, can be attributed to trade in mineral resources. This trade, noted industrialisation and trade minister Lucia Iipumbu, tends to be more capital intensive but yields...

Husab to assist with multi-billion-dollar desalination …20 million cubic metre plant to supply Namibia and Botswana
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Husab to assist with multi-billion-dollar desalination …20 million cubic metre plant to supply Namibia and Botswana

The Husab mine has stepped up to assist the government with the establishment of a much-needed second desalination plant to be constructed at the coast.  NamWater CEO Abraham Nehemia on Wednesday stated that the uranium mine stepped in at a crucial time, and saved the government from mobilising some N$3 billion needed for the project....

Government halfway through Psemas’ overhaul
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Government halfway through Psemas’ overhaul

The Namibian Public Service Medical Aid Scheme (Psemas) has encountered several issues over the years.  These issues range from ghost members, excessive costs, and overage dependents. Fortunately, efforts are currently underway to overcome these issues and improve Psemas’ effectiveness.  According to the 2024/25 to 2026/27 medium-term expenditure framework (MTEF), progress on Psemas reforms for 2024/25...

NHP grows membership base 
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NHP grows membership base 

With about 38 772 members and 80 082 beneficiaries, the Namibia Health Plan (NHP) is one of the leading medical aid funds in the country.  In August 2022, Dantago Garosas took over as the principal officer at NHP. Over the years, NHP has grown sustainably; its focus is to provide value-for-money healthcare benefits designed to...