Despite ongoing global economic uncertainty, Namibia’s financial system remains stable and sound, director of financial stability and macro-prudential oversight at the Bank of Namibia Florette Nakusera said. Speaking at the Financial Stability report’s launch yesterday, she gave the assurance that the domestic financial system has weathered recent global shocks, and continues to demonstrate resilience. “Domestically,...
Recent changes in government and the reconfiguration of administrative responsibilities, had resulted in the Ministry of Information and Communication Technology (MICT) resuming its oversight of Telecom Namibia. Given this, Telecom Namibia’s board of directors and executive management, joined by its subsidiary’s (Powercom) board and executive team, met ICT minister Emma Theofelus, on Wednesday at the...
Even though the country received the best rains in decades, there are no immediate plans by either the Namibia Water Corporation (NamWater) nor the City of Windhoek (CoW) to reduce the price of water. The reasoning is that the water price is determined by economic factors comprised of treating, conveyance and distributing the resource. Responding...
SWAKOPMUND – Deputy urban and rural development minister, Eveline !Nawases-Taeyele, says rampant financial mismanagement and political interference are crippling basic service delivery across the country. This, she says, has left ordinary Namibians at the receiving end. “Regional and local authorities have become a haven for personal enrichment and nepotism, all under the guise of affirmative...
RUNDU – National power utility NamPower this week handed over the site for a much-awaited-for rural electrification project to Together Electrical Services cc, marking a significant milestone for the beneficiary villages of Kapako, Diyana, Rughongo, and Thipanana. The project, which is expected to take for six months, was made possible after a formal request was...
RUNDU – Kavango East governor Julius Hambyuka was impressed by Rundu Town Council’s initiative to introduce prepaid water meters at the river town, saying it will inculcate valuable management lessons into residents. He said the introduction of the prepaid water meter system will teach residents how to manage their water consumption effectively and enable the...
TSUMKWE – Tsamkxao #Oma, the chief of the Ju/’hoansi in Tsumkwe’s Nyae Nyae area, has urged the youth to redirect its time and energy towards productive undertakings. He said they must follow in the footsteps of early trendsetters such as legislator and former deputy minister of marginalized communities, Royal Kxao /Ui/o/oo. Tsamkxao #Oma, also affectionately...
Rudolf Gaiseb Transport minister Veikko Nekundi has issued a stern warning to traffic officers who harass seven-seater operators. This follows reports of traffic officers harassing these operators at several roadblocks, where their permits were revoked and they were issued with traffic fines. In a media engagement on Tuesday, he warned that such acts may result in...
The local content aspect in developing Namibia’s natural resources is vital, and this includes value addition, particularly in the oil and gas sectors where developing downstream capacity and infrastructure such as an oil refinery are paramount. These sentiments were expressed on Wednesday by President Netumbo Nandi-Ndaitwah at the official opening of the 7th Namibia International...
“We do what we say” is a catchphrase commonly associated with local businessman David ‘Kambwa’ Sheehama as a guarantee to his clients that they will always deliver the services they promise. On several occasions yesterday, President Netumbo Nandi-Ndaitwah threw the phrase around, reiterating that her administration means business. “We do what we say,” Nandi-Ndaitwah said...