Lahja Nashuuta Germany has invested N$32 billion in the form of financial and technical support for collaborative projects in Namibia since the country’s independence. This funding consists of a combination of grants and preferential loans. Thorsten Hutter, the German Ambassador to Namibia, made this revelation at a recent event in Windhoek celebrating 35 years of...
Rudolf Gaiseb Nedbank Namibia Holdings (NNH) launched its Education Trust on Monday. The first 23 beneficiaries, including 16 Nedbank employees and seven Nedbank employee dependents, received funding for their studies through the Trust. The Trust enables qualifying employees and their dependents to receive funding for education at accredited institutions within the Southern African Development Community...
Lahja Nashuuta The Namibian government has allocated N$12.8 billion for development programmes and projects in the 2025/2026 financial year, part of the total N$106.3 billion national budget. Finance minister Ericah Shafudah confirmed that this allocation is a crucial step in advancing the country’s long-term growth and development goals. The overall development budget for the 2024/2025-2026/2027...
WASHINGTON – US trading partners scrambled yesterday to prepare for the latest raft of Donald Trump tariffs. The US president left unclear who would be targeted by the tariffs but promised to be “very kind” in addressing what he describes as unfair trade imbalances. Trump, who has made unprecedented use of presidential powers since taking...
Newly-appointed Minister of Environment, Forestry and Tourism Indileni Daniel said she will prioritise new investments in the tourism sector to ensure industry diversification and sustainability. Daniel made these remarks during her first address to the ministry’s staff here on Monday, where she also announced that a Spatial Tourism Master Plan will be developed by 30...
Lahja Nashuuta The immigration ministry’s newly-implemented e-visa programme has generated N$19 million in just one month. Namibia officially launched its online visa application system on 3 March. The new system allows travellers from 33 countries to apply for visas prior to arrival. The programme was hailed for significantly reducing wait times and alleviating congestion at...
The Capricorn Foundation marked a significant milestone this year, celebrating five years of impactful community investment since its inception at a commemorative event held at the #BeFree Youth Campus in Katutura on Thursday, 27 March. Established in February 2020, the foundation has played a pivotal role in driving sustainable socio-economic development across Namibia, living up...
CARACAS – The United States has revoked several transnational oil and gas companies’ licences to operate in Venezuela, Caracas said on Sunday, which had been granted despite Washington’s sanctions against the South American country. United States (US) president Donald Trump is seeking to strangle Venezuela economically in order to cripple its leader Nicolas Maduro, and...
In a significant step towards strengthening national cybersecurity, government has allocated N$20 million in seed funding for the Namibia Cyber-Security Incident Response Team (NAM-CSIRT). This investment facilitated the operational launch of NAM-CSIRT, and reinforced government’s dedication to bolstering national resilience against cyber threats. The Communications Regulatory Authority of Namibia (Cran) last week successfully hosted the...
Oryx Properties, a wholly Namibian-owned property investment company, has announced its intention to acquire the Platz am Meer Shopping Centre in Swakopmund from South African company Safari Investments for N$290 million. The transaction, which includes additional undeveloped land adjacent to the shopping centre, is subject to approval by the Namibia Competition Commission. The acquisition represents...