The African Export-Import Bank (Afreximbank) recently released its consolidated financial statements and those of its subsidiaries for the year ended 31 December 2024. These financials indicate that Afreximbank reported strong financial performance despite a complex global economic landscape marked by geopolitical tensions, inflationary pressures and elevated interest rates, posting a net income of US$973.5 million for the financial year 2024. ...
Gold hits record price as investors seek safe haven … Namibian mines set to cash in on rising prices
The international gold price reached a record high of US$3500 per ounce yesterday before retreating to around US$3400 per ounce. Thus far, gold is one of the major commodity winners as it has risen above 31% this year. This jump in the gold price is good news for Namibian gold miners such as the QKR Navachab gold mine and B2Gold’s...
Pope Francis: Epitome of simplicity … leaves lasting impact on Namibia
The funeral of Pope Francis, who died on Monday, will be held on Saturday, the Vatican announced. The Argentine pontiff (88) died of stroke, less than a month after returning home from five weeks in hospital battling double pneumonia. The pope’s coffin – which he previously ordered should be of wood and zinc – will be taken inside church, and...
Swapo turns 65 … intra-election ‘irregularities’ haunt party
Otniel Hembapu Andreas Thomas Namibia’s governing party Swapo celebrated 65 years of existence on Saturday.The party was founded on 19 April 1960 in New York, USA as a national liberation movement aimed at achieving independence from the then-South African apartheid regime.Swapo succeeded the Ovamboland People’s Organisation, which was established a year prior.In a statement to the Swapo faithful, party president...
Groot Aub wants to dump Windhoek
GROOT AUB – The Groot Aub settlement, which is located about 60 kilometres south of Windhoek, wants to be returned to the administrative control of the Khomas Regional Council (KRC) for more efficient service delivery. This position was expressed by Windhoek Rural constituency councillor Piet Adams, who was elected a little over four years ago. Speaking to New Era from...
State closes case against ‘gay ghosts killer’
Advocate Maria Shilongo yesterday closed the State’s case against a Keetmanshoop resident who killed his girlfriend and severely injured his then one-year-old daughter because he allegedly saw a gay ghost making sexual advances towards him. His Legal Aid lawyer, Meriam Kandoni, then informed Windhoek High Court Judge Dinnah Usiku that she needed a remand until Friday to prepare her defence....
Mentally ‘disturbed’ woman fit for trial
Iuze Mukube The inquiry concerning the mental condition of Vapeni Lucia Boois, specifically her trialability and criminal responsibility, was yesterday confirmed by Judge Philanda Christiaan. Boois, a former police officer, stands accused of murder and defeating or obstructing the course of justice in relation to the death of her one-year-old baby on 21 January 2023 in Keetmanshoop. Christiaan found that...
A weekend of drunken drivers
Forty drivers were arrested for driving under the influence of alcohol over the Easter weekend. Among those arrested were 10 female drivers in the Khomas region, with authorities urging drivers to plan, use designated drivers and make responsible choices behind the wheel. “The highest blood alcohol concentration (BAC) recorded during the operation was 1.85, more than three times the legal...
26 schools without water in Oshikoto … no electricity at 13 schools
Gabriel Tomas OMUTHIYA – Twenty-six schools operate without potable water in the Oshikoto region, the Directorate of Education, Innovation, Youth, Sports, Arts and Culture in the region has reported. Deputy director of programmes and quality assurance, Thomas Kalimbo told Nampa in an interview on Tuesday that these schools rely on the Directorate of Rural Water Supply and NamWater to ferry...
Masake drums up anti-graft fight
SWAKOPMUND – Deputy Agriculture, Fisheries, Water and Land Reform minister Ruth Masake has urged staff members to uphold the highest standards of integrity and accountability while cautioning them against engaging in corruption in any shape or form. She said corruption – whether in procurement, recruitment, land allocation, or the awarding of fishing quotas – undermines justice and destroys public trust...