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Youth must still repay loans despite DBN write-offs – Ndala

Allexer Namundjebo Landless People’s Movement (LPM) youth leader Duminga Ndala says youth-owned businesses must continue to honour their loan obligations where possible.  This comes as the ...
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Windhoek CEO faces pressure over Swapo Think Tank role

Allexer Namundjembo Community and political leaders have questioned the appointment of the City of Windhoek chief executive officer Moses Matyayi to Swapo's Think Tank.  Matyayi has been ap...

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Omuthiya Build It under provisional liquidation over N$95m debt

Justicia Shipena The High Court has placed Omuthiya Classic Investment CC, trading as Omuthiya Build It, under provisional liquidation after finding that the business cannot pay its debts as they f...
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Trustco to pay state’s legal fees after failing to end case

Justicia Shipena The High Court has ruled that Trustco Bank Namibia Ltd knew as early as August 2023 that its review application challenging a Bank of Namibia (BoN) directive to remove its board, h...
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Man sues to stop reopening of divorce case

Renthia Kaimbi A Windhoek-based accountant has approached the High Court of Namibia to stop the OvaMbanderu Community Court from hearing a divorce-related claim brought by his ex-wife.  He ...
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Cran issues new licences for mobile and broadcasting

Allexer Namundjembo The Communications Regulatory Authority of Namibia (Cran) has awarded nine new spectrum and broadcasting licences.  The licences cover mobile, fixed and satellite servic...
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Stakeholder feedback to guide WBCG’s next five years

Staff Writer  Feedback from high-level stakeholder engagements at Walvis Bay will help finalise the Walvis Bay Corridor Group's (WBCG) five-year strategic plan for 2026–2031.  The thre...
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Bail granted in separate Ohangwena corruption cases

Staff Writer  Two public officials arrested in separate corruption cases in the Ohangwena region have been granted bail after appearing in the Eenhana Magistrate’s Court this week.  Th...

MONEY

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Telecom Namibia to invest N$2.3 billion in network upgrades

Chamwe Kaira Telecom Namibia plans to invest more than N$2.3 billion over the coming years to expand and upgrade its national telecommunications infrastructure, alongside a tariff rebalancing that ...
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TransNamib delays locomotive plans pending technical report

Chamwe Kaira TransNamib Holdings Limited says the manufacturing of 20 locomotives has not yet formally started, with timelines and implementation dependent on the outcome of an independent technica...
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DBN approves 128 loans worth N$912.7m

Staff Writer The Development Bank of Namibia (DBN) approved N$912.7 million in funding during the 2024/25 financial year, a marginal increase of 0.7% from the N$906.1 million approved the year befo...
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Nedbank seeks 66% stake in Kenya’s NCBA

Chamwe Kaira Nedbank Group has announced plans to acquire about 66% of the issued share capital of NCBA Group Plc, a deal that would give the South African bank effective control of one of East Afr...
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DBN-funded projects created fewer jobs in 2024/25 financial year

Staff Writer Sectoral job creation in projects funded by the Development Bank of Namibia (DBN) fell in the 2024/25 financial year, with supported projects creating 512 permanent and 971 temporary j...
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Alexforbes named leading employer in Namibia

Staff Writer Alexforbes Namibia has been ranked the No. 1 Top Employer in Namibia for 2026 after receiving certification from the Top Employers Institute. The accreditation recognises the compan...
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