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BoN welcomes cut in lending rate spread

BoN welcomes cut in lending rate spread

Allexer Namundjembo The Bank of Namibia (BoN) has welcomed the decision by commercial banks to reduce the spread between the repo rate and prime rates, including mortgage and other lending rates.  The move follows the central bank’s guidance to cut the margin by 25 basis points. The adjustment is being rolled out in two phases. The first reduction of 12.5 basis points took effect on 30 September 2025.  A further 12.5 basis point cut is expected by 31 December 2025. “This policy measure aims to narrow Namibia’s historically wide interest rate margins, thereby making credit more affordable for households and…
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Areximbank allocates US$100 million to NBS Bank Plc Malawi 

Areximbank allocates US$100 million to NBS Bank Plc Malawi 

Staff Writer  African Export-Import Bank (Afreximbank) has signed a facility agreement with NBS Bank Plc Malawi to provide a US$100 million Afreximbank Trade Facilitation Programme (AFTRAF) line of credit.  The facility will support NBS Bank’s growing trade finance portfolio and enable it to continue meeting the needs of its trade clients. The agreement was signed on the sidelines of the Intra-African Trade Fair 2025 by Haytham El Maayergi, Afreximbank executive vice president, Global Trade Bank, and Temwani Simwaka, chief executive officer of NBS Bank.  The facility is designed to increase NBS Bank’s trade volumes and support imports of essential commodities…
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OBSERVER DAILY | Local ownership in mining: Namibia must strike a 

bold, balanced path The recent warning from the Chamber of Mines about "growing risks" to Namibia’s mining sector due to policy uncertainty, particularly the proposal for 51% mandatory local ownership in new projects, deserves careful attention. The Chamber is right on one key point: investor confidence depends on a stable and predictable regulatory environment. But it is wrong to suggest that government proposals aimed at ensuring greater domestic participation should be viewed as threats rather than opportunities. Namibia is not stepping into the unknown. Local ownership is not a radical or reckless concept; it is a globally recognised policy instrument…
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‘I remain at your disposal,’ Mnyupe tells govt  …and nominates his successor

‘I remain at your disposal,’ Mnyupe tells govt  …and nominates his successor

 Renthia Kaimbi Former head of the Namibia Green Hydrogen Programme (NGH2P), James Mnyupe, has told the government that he is open to working with it whenever needed. The remarks were made in his resignation letter to deputy prime minister Natangue Ithete, seen by the Windhoek Observer. Mnyupe said he has stepped down as head of the programme, effective on 30 September 2025. However, a press statement released on Thursday morning by NGH2P stated that his resignation will take effect on 1 November 2025. “I remain at your disposal to assist the Namibian government in advancing its developmental agenda in any…
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Ministry reviews failures after 38% of Etosha burnt

Ministry reviews failures after 38% of Etosha burnt

Allexer Namundjembo The Ministry of Environment, Forestry and Tourism said it is assessing shortfalls in the implementation of a fire management strategy for protected areas following devastating wildfires in Etosha National Park.  Environment and tourism minister Indileni Daniel said in a media statement on Wednesday that corrective measures will be considered once the assessment is complete. She said the evaluation also aims to determine the extent of damage caused by the fires, including possible wildlife casualties.  Daniel said the process may take several days.  The ministry said following an aerial assessment conducted on Tuesday, no active fires were detected inside…
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Sankwasa summons Erongo councillors to urgent meeting 

Sankwasa summons Erongo councillors to urgent meeting 

Renthia Kaimbi The minister of urban and rural development, James Sankwasa, has called an urgent meeting with all Erongo regional councillors this Friday. The meeting will involve all regional councillors, chief regional officer Mupenzeni Ntelamo, and regional heads of the three political parties represented in the council. Sankwasa raised concern in a formal letter to Erongo governor Natalia Goagoses, warning that the council’s inaction is undermining accountability. “The inactivity of the regional council to take corrective measures therefore violates the code of conduct governing the expected good conduct of regional councillors,” the letter states. Sankwasa linked the council’s defiance of…
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Investigation links Rundu hostel food poisoning to water contamination

Investigation links Rundu hostel food poisoning to water contamination

Allexer Namundjembo Food poisoning that affected 33 learners at Maria Mwengere Secondary School in Rundu was linked to contaminated water in the school hostel.  The minister of education, Sanet Steenkamp, told parliament on Tuesday.  In August, learners at the school fell ill after eating leftover macaroni and sausages served for dinner.  Soon after, they reported stomach pains, vomiting, headaches, and weakness.  Two learners were admitted to intensive care, while others were hospitalised for treatment and observation. Steenkamp said an investigation by the Ministry of Education and Ministry of Health confirmed that the hostel’s water supply was unsafe.  She said inspectors…
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LPM yet to decide Balhao’s November election candidacy

LPM yet to decide Balhao’s November election candidacy

Allexer Namundjembo The Landless People’s Movement (LPM) has confirmed that former Lüderitz mayor Philipus Balhao has officially joined the party as an ordinary member, but his candidacy in the upcoming local and regional elections has not yet been decided. Speculation has been growing in Lüderitz that Balhao could be fielded as one of the party’s candidates.  LPM has stressed that such decisions lie strictly within its constitutional structures. LPM deputy spokesperson William Minnie told Windhoek Observer yesterday that while Balhao’s membership is confirmed, the question of his candidacy is for the leadership to determine.  “Membership is one thing, but being…
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Land bill returns to parliament for debate

Land bill returns to parliament for debate

Justicia Shipena The land bill was reintroduced in the National Assembly on Tuesday by minister of Agriculture, Fisheries, Water and Land Management Inge Zaamwani-Kamwi.  She said the legislation aims to create a coherent legal framework to drive equitable land reform in Namibia. Zaamwani-Kamwi told lawmakers that the land question remains one of the most complex and emotive issues in the country’s history.  “The land reform process does not view access to land merely as a commodity. It is a foundation of dignity, identity, and economic freedom,” she said. The bill was first tabled in March 2025 by former minister Calle…
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Brake failure causes Windhoek truck accident

Brake failure causes Windhoek truck accident

Renthia Kaimbi A truck that was not permitted to use the Sam Nujoma Drive intersection disobeyed restrictions and triggered a chain of collisions in Windhoek yesterday.  The police confirmed the truck exceeded the gross vehicle mass allowed at the junction. The incident began around 12h20 when the westbound truck lost its brakes at the junction of Sam Nujoma Drive and Robert Mugabe Avenue.  Windhoek City police spokesperson superintendent Marcelline Murapo said the accident highlights the risks of ignoring restriction signs.  “This applies to trucks exceeding the permitted gross vehicle mass, as was the case with the truck involved in this…
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