OTJIWARONGO – The Otjiwarongo Municipality unanimously approved the 2025/26 capital and expenditure budget of more than N$226 million at its special meeting on Friday. This is a N$82 million rise from the N$144 million budget that council tabled in 2024. Tabling the budget, which was supported by all the local authority councillors, the chairperson of...
Andreas Thomas The National Council’s committee on housing has urged the government to play a more active role in land servicing to accelerate the formal development of housing across various local authorities in Namibia. The committee recommended that the government draws lessons from Rwanda’s land and housing programmes, which facilitate the provision of affordable housing...
One of the key roles of a commercial bank is to manage liquidity and ensure access to funding to support financial stability and economic growth. Aligning funding costs with credit pricing, banks must respond to emerging trends, notably the global shift toward sustainable finance. As sustainability becomes integral to financial strategy, banks must ensure they...
Namibia has proved to be a future global leader in green hydrogen, as a delegation recently completed a four-day skills’ exchange tour to the Netherlands. The visit was aimed at accelerating the country’s green hydrogen ambitionsthrough knowledge-sharing and institutional collaboration. The Namibian delegation, comprising senior representatives from education, research and energy sectors, engaged Dutch counterparts...
Construction is expected to be the fastest-growing domestic sector this year, as it is forecast to expand by 8.5%, despite accounting for just 1.4% of gross domestic product (GDP) in 2024. Commenting on the latest building statistics, stock brokerage Simonis Storm (SS) noted the vigorous growth outlook is supported by a favourable combination of monetary...
BRUSSELS – Nearly half-a-decade in the making, a landmark set of new European Union (EU) environmental and human rights’ rules for businesses may be dead in the water as Brussels faces pressure to put economic growth first. French president Emmanuel Macron this week joined German leader Friedrich Merz in urging the EU to ditch corporate...
I recently had the pleasure of participating in the awards’ ceremony at the Namibian University of Science and Technology (Nust) at their Faculty of Computing and Informatics. The dedication, resilience and aspirations of the outstanding students within the Faculty of Computing and Informatics were celebrated. We often forget how much effort goes into excelling in...
Pricilla Mukokobi Isai Sipunga What began as a humble experiment in a home garage has grown into an award-winning agribusiness venture, capturing the imagination of many Namibians. Elizabeth Kambode, founder of LizWISE Investment, was awarded N$400 000 in funding after her mahangu pasta product caught the eye of judges at the Development Bank of Namibia’s...
BEIJING – Beijing yesterday condemned new United States warnings on the use of artificial intelligence (AI) chips by Chinese tech giant Huawei, vowing it would take steps against “bullying” efforts to restrict access to high-tech semiconductors and supply chains. Washington has sought in recent years to curb exports of state-of-the-art chips to China, concerned that...
In a landmark step toward enhancing national water security and resilience, government, the Namibia Water Corporation (NamWater) and the German Development Bank (KfW) on Tuesday signed a N$1.5 billion (EUR75 million) concessional loan agreement to fund the second phase of the Namibia Water Sector Support Programme (WSSP II). The agreement was officially signed by finance...