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10225 Posts
ReconAfrica earmarks N$130m for exploration

ReconAfrica earmarks N$130m for exploration

Chamwe Kaira  Reconnaissance Energy Africa Ltd (ReconAfrica) announced a C$10 million (N$130 million) marketed public offering.  The proceeds will fund exploration, general corporate needs, and the drilling of a key well. Research Capital Corporation leads the deal, with Canaccord Genuity Corp. and Haywood Securities Inc. as underwriters. BW Energy, already a major shareholder, is increasing its stake by investing about C$2 million, roughly 20% of the offering. This raises BW Energy’s ownership from 6.5% to 7.6%.  “This investment strengthens our strategic partnership and positions BW Energy at the forefront of Namibia’s drive for energy independence,” said BW Energy CEO Carl…
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IATA says US$1.3 billion blocked by governments

IATA says US$1.3 billion blocked by governments

The International Air Transport Association (IATA) reported that US$1.3 billion in airline funds are blocked from repatriation by governments as of the end of April. This is a significant amount, although it is an improvement of 25% compared with the $1.7 billion reported for October 2024. IATA urged governments to remove all barriers preventing airlines from the timely repatriation of their revenues from ticket sales and other activities in accordance with international agreements and treaty obligations. “Ensuring the timely repatriation of revenues is vital for airlines to cover dollar-denominated expenses and maintain their operations. Delays and denials violate bilateral agreements…
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Maize is vital for Southern Africa’s food security

Maize is vital for Southern Africa’s food security

WANDILE SIHLOBO Maize is essential for Southern Africa’s food security. Its widespread production across this region is somewhat of a barometer of the status of the agricultural output. The past 2023-24 maize production season was challenging following a mid-summer drought that led to poor harvest across the region. Zambia lost half of its maize crop, Zimbabwe lost nearly two-thirds of its maize, and other countries such as Malawi and Lesotho experienced significant losses. South Africa was a slight exception because the impact was less severe than in the region. The country’s maize harvest fell by 23% to 12.7 million tonnes.…
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Would NNN’s laws, policies’ reforms be daring enough to rock Capitalism?

Would NNN’s laws, policies’ reforms be daring enough to rock Capitalism?

Kae Matundu These days one sees the top brass scurrying around to get on the law reform bandwagon as announced recently by Her Excellency, Netumbo Nandi-Ndeitwah (NNN), in a bid and attempt see changes in laws for the better delivery of public services.  On the face of it, and if it is not  just a  matter of a new broom trying to sweep clean, seeing and ensuring the  delivery of services, and/or for that matter the betterment of public services, is indeed a commendable intent. But with hindsight Yours Truly Ideologically cannot but think loudly if such a call for…
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The potential in organising poultry producers to enhance local production

The potential in organising poultry producers to enhance local production

Hanks Saisai  According to the Namibian Poultry Producers' Association (PPA), the Namibian poultry industry 's production value reached N$1.74 billion in 2024, representing an approximate 13% increase from the N$1.5 billion recorded in 2023. The sector now stands as the second-largest contributor to Namibia's agricultural production, trailing only the cattle industry, which recorded an estimated N$3.2 billion in 2024, according to the PPA. With poultry products (eggs and meat) being among the most affordable protein sources for many households in Namibia, this presents an ideal opportunity for local poultry farmers to get organised and enjoy a fair market share of…
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Corporate Social Investment serves as a conduit for sustainable development

Corporate Social Investment serves as a conduit for sustainable development

Veripura Muukua The call for the private sector to join forces with the government to drive socio-economic and sustainable development through public-private partnerships, collaboration, and/or policy development has become more pertinent than ever.  Over the years, Corporate Social Investment (CSI), traditionally referring to a company's broad ethical obligations and commitment to societal welfare, has evolved into one of these conduits: a strategic imperative practice through which companies forge meaningful partnerships with government and civil society to invest in their communities, address poverty, and achieve sustainable development collectively. Sometimes, Corporate Social Responsibility (CSR) and Corporate Social Investment (CSI) are used interchangeably.…
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Tips for finding a suitable home during the winter season in Namibia

Tips for finding a suitable home during the winter season in Namibia

Denver Beukes  There is something magical about finding a home during the winter season in Namibia. Imagine moving into a cosy house with a fireplace, surrounded by the serene beauty of the Namibian landscape. Winter can highlight the charm and warmth of a home, making it feel even more inviting. Winter in Namibia is a unique and beautiful time of year. The cooler temperatures and clear skies create an ideal backdrop for house hunting. While many people might think that summer is the best time to buy a home, winter offers its own set of advantages that can make your…
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The crisis of fixing what is not broken: Teachers’ unemployment- a call to put things right

The crisis of fixing what is not broken: Teachers’ unemployment- a call to put things right

Lazarus Kwedhi The ongoing demonstrations by  unemployed teaching graduates demanding the government to abolish the interview process and implement mass recruitment are not surprising, given the reality on the ground. The unemployment rate among teaching graduates is estimated to have risen to 15,000 over the past two years. This trend is likely to continue if their demands are not addressed. This issue is not complex. From a public policy perspective, it's a classic case of market failure—caused by the very government decision-makers who, in their wisdom, saw it fit to reform the teacher training system. Specifically, they abolished and merged…
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Second recall in six months hits Fabupharm

Second recall in six months hits Fabupharm

Justicia Shipena A routine inspection conducted on Monday uncovered several shortcomings in Fabupharm Namibia (Pty) Ltd’s oral liquid dosage block, the Namibia Medicines Regulatory Council (NMRC) has said. As a result, the NMRC instructed the company to recall all its oral liquid products and halt production on the affected liquid line until the issues are corrected. “The inspection of the oral liquid dosage block observed shortcomings which necessitated various corrective and preventative actions,” said Fransina Nambahu, registrar of the NMRC. The directive follows pressure from member of parliament Job Amupanda, who last week urged the council to act after claiming…
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Govt audits schools to cut overcrowding

Govt audits schools to cut overcrowding

Allexer Namundjebo The education ministry plans to address overcrowded classrooms, mainly in urban schools.  The ministry's executive director, Mbumba Haitengela, said the ministry identified schools with teacher-to-learner ratios above the norm.  The ministry is conducting a provision norm audit to develop a three-year regional decongestion plan.  “Schools identified will be addressed in the envisaged plan. This means all schools identified will be addressed,” he said. The ministry’s formal education circular four outlines the steps towards decongestion, including short, medium, and long-term actions, with overcrowded classrooms a priority.  Haitengela explained that the platoon system currently operates two schools on one premises. …
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