Namibia’s Gross Domestic Product (GDP) growth is projected to moderate in 2024, primarily due to subdued global demand, coupled with drought conditions. In its latest economic outlook, the Bank of Namibia (BoN) forecasts the domestic economy is projected to grow by 3.5% in 2024, a slowdown from the 4.2% growth recorded in 2023. “This projection,...
As Namibia establishes itself in the global sport tourism arena, few events shine as brightly as the Nedbank Desert Dash. This extraordinary race, the longest single-stage mountain bike event in the world, captures the thrill of the Dakar Rally, but on two wheels. Participants embark on an exhilarating 401-kilometre journey through the breathtaking landscapes of...
The Government Institutions Pension Fund (GIPF) informed its tax-paying and qualifying annuitants, namely pensioners, spousal and child beneficiaries that the fund started making tax payment relief refunds to the tune of over N$118 million on 28 November 2024, as previously announced. “The fund will pay out approximately N$118 million to 24 173 qualifying annuitants, who...
Choppies Supermarket Namibia has entered a settlement agreement with the Namibian Competition Commission (NaCC), which was made a court order in the High Court on 19 November 2024, following an investigation that found Choppies contravened Chapter 4 of the Competition Act (2 of 2003) for implementing a merger without approval. The transaction amounted to a...
Onghalo keembonge doElectoral Commission of Namibia (ECN) onghela okwali yahanya konima eshi oECN ya dopa oku ya momutumba neengudu dopolitika odo da kufa ombinga momahoololo po 12h00. Eshi osha etifa opo eengudo dopolitika dika piyaaneke eenghundafana dovanambelewa vaECN ovo va li veli idilila mombelewa. Nokuli, eengudu dopapolitika dili lwopo20 oda tota po ongudu yosheendelela yembwida...
Airlink, one of southern Africa’s premier airlines, will undergo a leadership change following the decision by chief executive officer and managing director Rodger Foster to step down at the end of March 2025. Foster will be relinquishing control of the airline after almost 33 years at the helm. Airlink’s chief financial officer, De Villiers Engelbrecht,...
The Bank of Namibia (BON)has reiterated its commitment to ensuring the stability and resilience of the banking sector by employing proactive and effective micro-prudential supervisory measures. Guided by the Basel Core Principles (BCPs), particularly Principle 11 on Corrective and Sanctioning Powers of Supervisors, the central bank’s Banking Supervision Department continues to enhance its ability to...
Longer-term strategies to improve the flow of goods along the Trans-Kalahari Corridor (TKC) entail member states opening the TKC borders between Botswana and South Africa on a 24-hour basis, as well as establishing One-Stop Border Posts (OSBP). Member states will also consider implementing a Regional Cargo Tracking System (RCTS) to facilitate smooth trade along the...
South Africa’s Proteas Over 50s cricket team were crowned winners of the 2024 Over 50s Africa Cup. The event was held in Windhoek from 17-20 November. The tournament, which was sponsored by Nedbank Namibia to the tune of N$100 000, took place at three venues, namely the High-Performance Oval (HP Oval, formerly known as Doc...
Omupresidente omukulu Hifikepunye Pohamba okwa indile Aanamibia ayehe taya kutha ombinga momahohololo opo ye shi ninge pambili nopalandulathano nopambili. Pohamba okwa ningi eindilo ndika pethimbo a hogolola poPrimaskola pOkanghudi mOshitopolwa shaHangwena ongula yonena. Pohamba pethimbo a hogolola okwa lia a waiminwa komunyekadhi gwe Penehupifo Pohamba. Ngoloneya gwaHangwena Sebastian Ndeitunga, Omukuluntu gwOpolisi mOshitopolwa shaHangwena, Ottilie Kashuupulwa...