An increase in the prime lending rate at commercial banks has direct implications for the debt-servicing cost of domestic households. This places additional strain on already vulnerable households severely weakening their ability to service both interest and capital repayments. This is substantiated by the growth in household debt.
National
Munana, Shikulo create waves with RaZul MCC
Namibia’s entertainment industry is bubbling with excitement as Luis Munana and Pinehas Shikulo, better known as Zulu Boy, make history by launching their own luxury sparkling wine label, RaZul.
Opinion – Embracing IoT in security institutions
The fast acceleration in technological development has seen humankind divided between its proponents and opponents. While it is also true that technology has brought unprecedented security challenges, it is unequivocal that some security organisations have harnessed its usefulness and immensely benefited.
Opinion – Midwives empowering women for healthy nations
It is the 5th of May again, a day in which Midwives around the world celebrate the International Day of a Midwife abbreviated as IDM. This year, the day is celebrated under the theme ‘Together again: from evidence to reality’.
Nakayale Vocational Training Centre goes online
The Nakayale Vocational Training Centre in Outapi in the Omusati region has opted to offer a few of its vocational courses online.
DRC gets more toilets
The Swakopmund municipality on Friday handed over community-led total sanitation stations (CLTS) to the Democratic Resettlement Community (DRC).
Woman quits job for filial duty
A 27-year-old woman, who was employed as a security guard, said she left her job to take care of her grandmother, who is visually impaired and recuperating from a stroke.
Soldier takes own life with service rifle
A member of the Namibian Defence Force (NDF) stationed at an army base at Rundu allegedly committed suicide on Saturday with a service rifle which he had just booked out while on duty.
Namibian TB cases up 30% in 2022
Although significant progress has been made in controlling tuberculosis (TB), Namibia has been flagged as one of the top 10 countries in terms of TB per capita and is thus contributing to the high burden of bacterial infection in the world alongside Angola, Central African Republic, Kenya, Tanzania, South Africa, Lesotho and Liberia.
Klazen: Unions not party to Marine Act agreements
Fisheries minister Derek Klazen clarified that labour unions are not party to the section 4 agreement of the Marine Resources Act. This is because the agreement binds the contracting parties, and there are no additional or new conditions under which the unions can be legally bound without contradicting existing labour laws.









