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BoN expected to keep repo rate at 6.75%

BoN expected to keep repo rate at 6.75%

Justicia Shipena  Economists at Simonis Storm Securities expect the Bank of Namibia (BoN) to keep the repo rate unchanged at 6.75% at its next Monetary Policy Committee (MPC) meeting.  The MPC will meet on 16 and 17 June 2025. In April, the MPC maintained the main interest rate, citing global policy uncertainty and rising inflation forecasts for this year and next.  The decision followed four consecutive rate cuts.  The BoN said it aimed to support domestic economic activity and protect the peg between the Namibian dollar and the South African rand. “In our view, the Bank of Namibia (BoN) is…
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Chess ace Cronje stuns rivals in Mombasa

Chess ace Cronje stuns rivals in Mombasa

Justicia Shipena  Nine-year-old Frederick Cronje went undefeated at the 2025 African Schools Individual Chess Championship held in Mombasa, Kenya, from 22 to 29 May. Cronje secured seven wins and two draws in nine rounds, earning him the title of African Schools Under-9 Chess Champion. The Namibia Chess Federation (NCF) praised Cronje for his calm and focused performance. “It was not just about the moves on the board. It was about heart, focus, and incredible determination,” the federation said. They described Cronje’s play as courageous and mature, adding, “To say we’re proud is an understatement. Frederick, you have inspired a whole…
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Team Namibia bags 22 medals at Angolan swim meet

Team Namibia bags 22 medals at Angolan swim meet

Erasmus Shalihaxwe Team Namibia won the Angolan Independence Celebration Swimming Competition held over the weekend.  Namibian swimmers topped the medal chart with 22 medals. Angola followed with 19 medals, while South Africa placed third with nine.  Clube Náutico da Ilha de Luanda, a selected Angolan team, earned five medals and took fourth place.  Selecao de Portugal came fifth with four medals, and Selecao de Mozambique finished last with two. Namibian swimmer Ainoa Naukusho was named the best female athlete and the best overall athlete of the tournament.  Team Namibia also received a trophy for their overall performance. Jo-Ann Manuel, Deputy…
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Brave Warriors squad for COSAFA revealed

Brave Warriors squad for COSAFA revealed

Erasmus Shalihaxwe Senior national football head coach Collin Benjamin has announced the final Brave Warriors squad for the upcoming Council of Southern African Football Association (COSAFA) tournament in South Africa.  The tournament will run from 4 to 15 June.  Namibia is in Group B with Angola, Malawi, and Lesotho.  Namibia’s first match is on Thursday against Angola, followed by a game against Malawi on Sunday and the final group match against Lesotho next Tuesday. Benjamin said the team aims to win the tournament and bring home a second trophy for the country.  He acknowledged the challenge, noting that other teams…
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Katutura residents decry inequality in road repairs

Katutura residents decry inequality in road repairs

Allexer Namundjebo The City of Windhoek is under fire for poor road repairs, with residents and activists saying the work is already falling apart just months after rains damaged streets across the capital. Katutura Residents Committee spokesperson Shaun Gariseb questioned whether the City is following proper standards.  He believes the current approach does not meet those requirements. Gariseb said some roads are wearing off even without rain and warned that the City is wasting money on temporary fixes instead of doing proper repairs.  He added that the poor work affects residents financially, especially those with low-profile cars.  He said his…
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Govt reviews VAT on chronic medication

Govt reviews VAT on chronic medication

Hertta-Maria Amutenja The finance ministry is reviewing the list of zero-rated and exempt goods and services under the Value-Added Tax (VAT) Act, including healthcare items.  This comes as calls grow from health advocates and the public for the removal of VAT and import duties on life-saving medication, especially for those who rely on private pharmacies due to stockouts in public hospitals. “The Ministry is currently reviewing the list of zero-rated and exempt goods and services under the VAT Act, including those related to healthcare. Any policy changes resulting from this review will be announced in accordance with the Fiscal Calendar,…
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Namibia commits to improving sustainable tourism

Namibia commits to improving sustainable tourism

Niël Terblaché Namibia has reaffirmed its dedication to sustainable and inclusive tourism development during the 123rd Session of the Executive Council of UN Tourism, held in Segovia, Spain, from 29 to 30 May 2025. The two-day council meeting brought together ministers and senior tourism officials from across the globe to deliberate on strategies to promote innovation, resilience and inclusive recovery in the sector. Delivering Namibia’s statement at the session, the Minister of Environment, Forestry and Tourism, Indileni Daniel, said the country is steadfast in its advocacy for sustainable tourism across Africa. She also expressed appreciation to the Kingdom of Spain…
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Iipumbu calls for wider recognition for Oshakati Totem Expo

Iipumbu calls for wider recognition for Oshakati Totem Expo

Niël Terblanché The Minister of Home Affairs, Immigration, Safety and Security Lucia Iipumbu has called for the elevation of the Oshakati Totem Expo to a national and international platform, saying the annual event holds the potential to drive economic growth and preserve cultural heritage. Speaking at the official opening of the 2025 Oshakati Totem Expo on Saturday at the Oshakati Independence Stadium, Iipumbu described the event as more than just a celebration of tradition. She referred to the tenth edition of the expo as a platform for economic activity, cultural exchange, and social unity. Iipumbu commended the Oshakati Town Council…
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Directions for water management in central Namibia set

Directions for water management in central Namibia set

Niël Terblanché Stakeholders in Namibia’s water sector have agreed on measures to guide water supply planning for the Central Area of Namibia (CAN) following a workshop hosted by NamWater. Participants were briefed on the current status of the region’s primary water sources, including the Swakoppoort, Von Bach, and Omatako dams, as well as the operations of the Windhoek Goreangab Operating Company (WINGOC). The workshop concluded with an agreement to maintain potable water reclamation from WINGOC at 5.84 million cubic metres per year and continue abstraction of groundwater from the City of Windhoek at 0.5 million cubic metres annually. A Managed…
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Ministers to finalise SADC fund plans

Ministers to finalise SADC fund plans

Justicia Shipena  The Southern African Development Community (SADC) ministers of finance will meet in Victoria Falls, Zimbabwe, this month for discussions on financial market development and regional economic integration.  The high-level meetings, scheduled for 12–13 June 2025, will bring together the Committee of Ministers of Finance and Investment and the Peer Review Panel. The ministers will review progress on regional financial initiatives, including updates on macroeconomic convergence targets that are central to SADC’s strategy for maintaining macroeconomic stability across member states. Key agenda items include strengthening the integrity and resilience of financial systems within SADC and developing strategies to sustainably…
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