Blog – Page 21 – Windhoek Observer

25 Aug

DBN pumps N$978m into Oshana

Observer Money

Staff Writer The Development Bank of Namibia (DBN) has strengthened its presence in the Oshana Region, financing projects worth N$978.7 million since its inception. According to the Oshana Regional Council, the investments have supported a range of sectors with significant impact. The largest share of funding went to the construction industry at N$170.8 million, while housing development received N$152.6 million. Electricity infrastructure projects in Oshana were supported with N$116.8 million. In the 2024/25 financial year, the health sector received N$22.1 million. DBN also provided N$1.8 million to finance micro, small and medium enterprises (MSMEs) in the region. During the 2024/25…

25 Aug

EU invests in livestock growth in northern Namibia

Observer Money

The European Union (EU) and the Namibian government recently broke ground on the N$78.9 million Etunda Feedlot Project. The Windhoek Observer’s Chamwe Kaira asked Ian Dupont, EU deputy head of mission in Namibia, about the Etunda project and other EU-funded agricultural projects in northern parts of the country. Chamwe Kaira (CK): Why did the EU decide to fund the Etunda Feedlot Project, and what is its importance to the northern regions? Ian Dupont (ID): The European Union (EU) is funding the 1000-cattle capacity Etunda Feedlot, valued at N$80 million, as part of a broader N$400 million support package to the…

25 Aug

Ohangwena governor pushes aquifer development

Observer Money

The governor of the Ohangwena region, Kadiva Hamutumwa, has called for the urgent development of the Ohangwena Aquifer to secure water supply for domestic, agricultural, and industrial use. “Additionally, we should work hard at developing earth dams that will serve as strategic catchment areas for both rain and floodwater. This will serve as our water security strategy for the region, as this water is best to use for agricultural purposes,” she said. Hamutumwa also stressed the need for critical road and network infrastructure to enhance business development. She said economic growth depends on creating industries and businesses that can serve…

25 Aug

Oshana governor wants Etaka Canal to reach Lake Oponona

Observer Money

Oshana governor, Hofni Iipinge, has called for the extension of the Etaka Canal to reach Lake Oponona to support irrigation and livestock farming in the southern parts of the region. He also urged the operationalisation of local abattoirs and support for farmers to boost agricultural productivity and promote value addition to regional produce. Iipinge stressed the need to accelerate capital projects and development programmes to stimulate economic growth and job creation. He said the region should prioritise the implementation of the revised compensation policy to improve land delivery through adequate funding for compensation and land servicing at the local authority…

25 Aug

Visitors to see Paratus Fiber, Sky-Fi, LTE and Mobile Voice services

Observer Money

Paratus Namibia will be participating in the Ongwediva Annual Trade Fair from 22 to 30 August 2025 in the Oshana Region. Visitors to the Paratus stand will be able to see the newest connectivity solutions and experience first-hand the impact that technology can have on everyday life. Visitors will have an opportunity to see Paratus Fiber, Sky-Fi, LTE and Mobile Voice services in action. New subscribers who sign up during the fair will get special offers, including free installation or a complimentary first month. Paratus Namibia representatives will be available to assist customers in choosing suitable solutions for their homes…

25 Aug

New Namcor acting MD appeals for trust in Namcor

Main

Allexer Namundjembo The newly appointed acting managing director of the National Petroleum Corporation of Namibia (Namcor), Maureen Hinda-Mbuende, has appealed for support as she assumes leadership of the troubled state-owned oil company. Namcor announced her appointment over the weekend. Speaking to the Windhoek Observer on Sunday, Hinda-Mbuenda said her success would depend on collective effort, stressing that the company’s challenges cannot be resolved in isolation. “I am grateful for the appointment. I am ready for the task, and I will need to conduct a thorough analysis to familiarise myself with the institution,” she said. She added that engaging widely and…

25 Aug

Namibian businesses urged to tap African markets

National News

Allexer Namundjembo President Netumbo Nandi-Ndaitwah has urged businesses at the 24th Ongwediva Annual Trade Fair (OATF) to innovate, collaborate, and use the platform to expand into continental markets. Speaking at the official opening under the theme “Innovate – Connect – Prosper”, she also encouraged entrepreneurs, SMEs, and town councils to showcase products and build partnerships. “I encourage all participants to use this platform to engage, collaborate, and forge partnerships that foster shared prosperity,” she said. Nandi-Ndaitwah described the trade fair as a vital platform for enterprise development, policy dialogue, and investment opportunities. “Trade fairs are opportunities for business people to…

25 Aug

City police deputy chief appeals high court eviction ruling

National News

Hertta-Maria Amutenja Windhoek City Police deputy chief for operations, senior superintendent Eliaser Iiyambo, and his brother Simon have appealed a High Court ruling that ordered them to vacate land they seized from their late uncle’s widow. The case stems from the death of dentist Daniel Uutoni in March 2019. Uutoni had married Aili Ndapandameme Iilende in 2018, and the couple lived at their homestead in Okathitukambanda village near Okahao. After his death, the Iiyambo brothers allegedly evicted Iilende and her three children from the family homestead, locked the properties, and began occupying them. In October 2020, the Ongandjera Traditional Authority,…

25 Aug

Onandjokwe maternity ward to open in October

National News

Erasmus Shalihaxwe The construction of the maternity ward at the Onandjokwe Intermediate Hospital is nearing completion. The ward will open its doors on 20 October 2025. The 120-bed facility, the first of its kind in the country, includes dedicated first and second stage rooms, doctors’ on-call rooms, a nurses’ lounge, reception areas, private rooms, gynaecology outpatient rooms, procedure rooms, and a specialised obstetrics and gynaecology theatre. Construction started in 2016 at a cost of N$60 million to address the shortage of maternity wards in the country, especially in the northern regions. The project faced delays after the initial contractor failed…

25 Aug

Government seeks N$2 billion from bond market

Observer Money

Chamwe Kaira The Bank of Namibia (BoN) will conduct a bond auction on Wednesday to raise N$2 billion. The issuance includes N$1.5 billion in nominal fixed-rate bonds and N$500 million in inflation-linked instruments. This comes after BoN announced that an additional N$2 billion will be raised through the domestic market because of delays in external sourcing. Overall banking industry liquidity currently stands at N$7.4 billion, with the Namibian position at N$1.67 billion. Kara van den Heever of Simonis Storm Securities said the previous bond auction drew strong interest, with bids of nearly N$1.7 billion against an initial offer of N$487…