President Hage Geingob has charged all Ministers to ensure that they implement to the letter, projects under their portfolios, which are contained in the NDP5 and HPPII without delay. Opening the first Cabinet seating of year last week, Geingob made this call to Ministers while also admitting that much workContinue Reading
The Deputy Director for Compliance of the Financial Intelligence Centre, Kristian Hamutenya says Namibia is making steady progress in addressing findings related to its Anti-Money Laundering and Combatting the Financing of Terrorism and Proliferation Framework (AML/CFT/CPF) in order to maintain integrity of the financial system. Namibia underwent a second peerContinue Reading
The African Energy Chamber supports this year’s edition of the Namibia International Energy Conference orgarnised by RichAfrica Consultancy, as the event provides a gateway for Namibia to maximize foreign direct investments and partnerships with global partners to accelerate energy developments and exploitation. The African Energy Chamber (AEC) – the voiceContinue Reading
The National Housing Enterprise (NHE) today handed-over 60 houses under a pilot project and smart partnership between them, the Ministry, Khomas Regional Council and the City of Windhoek. Launched around August 2020, the informal settlement upgrading programme has delivered over 570 houses constructed by both the NHE and City ofContinue Reading
Nearly 229 000 Namibian household borrowers owed micro-lenders – also known as lcash loans – a staggering N$7.1 billion with new borrowers increasing on an annual basis by 5.5% to at least 156 000 borrowers at the end of the third quarter of 2022, a report released by the Namibia Financial InstitutionsContinue Reading
The Business and Intellectual Property Authority (BIPA) recorded a total of 869 deregistration’s for 2022, Registrar of Business and Intellectual Property, Vivienne Katjiuongua said in a statement last week. Of these, 613 were CC’s and 256 companies. A total of 5 companies were recorded under liquidation during the same period.Continue Reading
Debt by non-residents – both foreign individuals and foreign firms – increased from about N$377 million in December 2021 to N$7.6 billion in December 2022 (up 1,927% y/y), a credit report by research firm Simonis Storm reveals. This coincides with a significant rise in foreign direct investment that has beenContinue Reading
The central bank, Bank of Namibia has re-launched the SME Economic Recovery Scheme, a revamped scheme designed to be more inclusive and accommodating and to provide general support to the SME sector. The Bank has partnered with local banks in what the Bank has said is “crucial for the revivalContinue Reading
The Roads Authority (RA) has closed off a section of District Road 3660 (DR 3660), from Shipepe to Oontanadhambinga, due to flooding experienced in the area. The closed off section is from Shipepe to Oontanadhambinga in Aakwenyanga village. This section of DR3660 branches off to Main Road 92 between OngwedivaContinue Reading
The Namibia Petroleum Operators Association (NAMPOA) has elected a new leadership during its annual general meeting, held on 24 January 2023. General Manager for the Norwegian oil company BW Kudu, Klaus Endresen, has been re-elected as the chairperson of the association. “With the encouraging exploration results announced in 2022, NamibiaContinue Reading
