Research experts, Simonis Storm have revealed that they expect the Central Bank, Bank of Namibia (BoN), to hike repo rate by a further 50bps in its next two meetings as the cost of borrowing for Namibians continues to sour. Providing an analytical view of Namibia’s second quarter economic performance, SimonisContinue Reading
Rural and urban development minister, Erastus Uutoni has pleaded with local authorities to avail affordable land to the National Housing Enterprise (NHE) so that the parastatal can continue to deliver affordable housing across the country. Last week, NHE handed over 33 houses at Tsandi to beneficiaries. The successful completion ofContinue Reading
Namibia’s Ministry of Mines and Energy has renewed TSX-V-listed Deep-South Resources’ Haib copper licence for two years. This follows a lengthy court battle, which in March, ended with the High Court of Namibia ordering the Ministry to restart Deep-South’s licence renewal application procedure. The Ministry had, in June 2021, informedContinue Reading
…as 100 local jobs were also created The National Housing Enterprise (NHE) this week handed over 33 houses at Tsandi as the parastatal continues to deliver affordable housing across the country. The successful completion of the project was a result of a partnership between NHE, and Kambwa Trading CC, toContinue Reading
The Electoral Commission has announced the appointment of Petrus Shaama as the new Chief Electoral and Referenda Officer of the Electoral Commission of Namibia, for a period of Five (5) Years, effective 01 September 2023. The appointment comes after an extensive recruitment process carried out, in which Shaama proved toContinue Reading
Uranium was Namibia’s largest export commodity during May 2023, accounting for 21.5 percent of total exports and was destined to China and Canada, the Namibia Statistics Agency (NSA) has said. In a trade bulletin released last week, the agency also noted that precious stones (diamonds) were mostly destined to BotswanaContinue Reading
…attributed to revaluations, diamond sales and KfW loan The stock of international reserves held by the Bank of Namibia increased both on an annual and quarterly basis over the period to the end of the first quarter of 2023, the bank has said adding that year-on-year and quarter-on quarter, theContinue Reading
The African Achievers Awards (AAA) has awarded the Institute of Chartered Accountants of Namibia (ICAN) CEO, Fenni Nghikevali an honoree award for her leadership and unwavering commitment to excellence in the Namibian accounting sector. Nghikevali is set to receive the award at the 13th edition of the African Achievers AwardsContinue Reading
Dual-listed technology metals mining company Andrada Mining has found consistent lithium oxide (Li2O), tantalum and tin mineralisation in the assay results for its inaugural drill programme at the Spodumene Hill project in Namibia. The project encompasses the B1 and C1 pegmatites located within the ML129 mining licence. During the drillingContinue Reading
The private healthcare market in Namibia has experienced systemic cost increases of nearly 300% between 2005 and 2021, study on the Namibian Private Healthcare Sector has revealed. Initiated by the Namibian Competition Commission (NaCC), the study was made possible through the funding of the United Nations Development Programme, and throughContinue Reading
