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Five megatrends shaping the rise of nonbank finance

Five megatrends shaping the rise of nonbank finance

The global financial crisis of 2008 froze the financial system. Banks pulled back credit, families tightened their belts and companies laid off workers. It was a frightening time for everyone and an extremely difficult moment for the financial services industry. Today, the landscape of finance is quite different. Different types of investors and firms are providing businesses, consumers and governments with credit and liquidity. More than a billion more people have access to credit thanks largely to newer tech-based lenders. Families also have more options to finance purchases and to diversify retirement portfolios. Equity, fixed income, and derivatives markets have…
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OBSERVER DAILY | A noble gesture that will save lives: MVA Fund leads the way

This week, Namibia witnessed a moment of quiet revolution in the nation’s healthcare system. The Motor Vehicle Accident (MVA) Fund’s donation of a state-of-the-art Lodox full-body X-ray machine to the Ministry of Health and Social Services marks not only a milestone for Katutura Intermediate Hospital but also a shining example of what can be achieved through public-private collaboration in addressing Namibia’s critical infrastructure challenges. Valued at over N$13 million, this generous gift is far more than a piece of medical equipment; it is a lifeline. Installed at the Katutura Intermediate Hospital’s emergency unit, the Lodox machine is the first of…
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Trump’s Unesco exit ripples into Alte Feste renovation project

Trump’s Unesco exit ripples into Alte Feste renovation project

Justicia Shipena The Alte Feste Museum restoration project in Windhoek was hit by a setback after the U.S. Ambassador’s Cultural Preservation Fund withdrew its grant.  The withdrawal left a funding shortfall for the revival of the country's oldest building as a cultural hub for remembrance, arts, and heritage. In April last year, then U.S. ambassador to Namibia Randy Berry announced a grant of US$250,000 (about N$4.75 million) through the Ambassador’s Fund for Cultural Preservation.  The grant was awarded to the Namibia Craft Centre to support the renovation of Alte Feste, a recognised heritage site under the custodianship of the Ministry…
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Youth fund loans come with one year repayment holiday 

Youth fund loans come with one year repayment holiday 

Justicia Shipena Prime minister Elijah Ngurare says youth-owned businesses financed under the newly launched National Youth Development Fund (NYDF) will be given up to 12 months before repayment begins. The fund offers startups between N$60 000 and N$200 000 at 2% interest, growth-phase enterprises between N$200 000 and N$1 million at 3% interest, and expansion enterprises above N$1 million at 4% interest.  “A grace period of up to 12 months will allow businesses to grow before repayment begins. There are no collateral requirements. Let this be clear. The criteria is that the youth fund must be clear and must be…
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Nantu warns teachers on teaching subjects outside their expertise 

Nantu warns teachers on teaching subjects outside their expertise 

Justicia Shipena The Secretary General of the Namibia National Teachers’ Union (Nantu), Loide Shaanika, has told teachers to stop teaching subjects outside their field of expertise. Shaanika said teaching outside one’s training not only violates professional standards but also deprives learners of proper skills. “To stop teaching subjects you are not qualified to teach. It is not only to obey the instruction from your supervisor, but it’s equally disservicing the Namibian child in providing skills that you are not qualified or trained to provide,” she said on Monday during consultations on the Teaching Profession Bill and its regulations in Eenhana.…
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Deadline slip knocks former Lüderitz mayor out of elections

Deadline slip knocks former Lüderitz mayor out of elections

Allexer Namundjembo The newly formed Lüderitz Ratepayers Association (LRA), led by former Independent Patriots for Change (IPC) member and former Lüderitz mayor Phillipus Balhao, will not contest this year’s regional and local authority elections.  This comes after the  association missed the Electoral Commission of Namibia’s (ECN) registration deadline. Balhao confirmed the setback and ruled out standing as an independent candidate in the regional elections.  “I don’t have any plans to contest as an independent candidate for the regional constituency council. I felt my efforts would be more impactful at the town council,” he told the Windhoek Observer on Monday.  Balhao…
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Citizens urged to safeguard Katutura Hospital investment

Citizens urged to safeguard Katutura Hospital investment

Hertta-Maria Amutenja Katutura Intermediate Hospital has received its first low-dosage lodox full-body X-ray machine, with calls for citizens to take ownership of the facility and protect it as a national health lifeline.  The N$13.2 million machine was donated by the Motor Vehicle Accident (MVA) Fund to the Ministry of Health and Social Services during an official handover in Windhoek yesterday. MVA Fund chief executive officer Rosalia Martins-Hausiku said the installation strengthens trauma care and urged communities to treat Katutura Hospital as a shared responsibility.  “Katutura State Hospital is more than a building – it is a lifeline. Citizens of Windhoek,…
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Sankwasa pushes local authorities to speed up land delivery

Sankwasa pushes local authorities to speed up land delivery

Hertta-Maria Amutenja Urban and Rural Development minister James Sankwasa has urged local authorities to fast-track land preparation and allocation to meet the government’s informal settlement upgrading targets. Speaking at a land handover ceremony in Outapi on Friday, his advisor Boniface Mutumba delivered the minister’s remarks, saying the ministry was financing land development but expected councils to align their execution plans with central government requirements. The ceremony marked the handover of Land Hold Titles to residents under the Flexible Land Tenure System (FLTS), aimed at providing secure tenure for urban residents living in informal settlements.  Sankwasa said the system was created…
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Policy uncertainty to test mining sector’s resilience

Policy uncertainty to test mining sector’s resilience

Chamwe Kaira The Chamber of Mines of Namibia says the outlook for the country’s mining sector remains broadly positive, supported by strong global demand for gold and uranium.  In a quarterly report, the Chamber noted that elevated gold prices are boosting profitability and fiscal contributions, while uranium continues to benefit from its critical role in the global energy transition. “This positive price environment strengthens the investment case for new and advancing projects, such as Bannerman Energy’s Etango-8 uranium development and Reptile Mineral Resources’ Tumas uranium project, while providing favourable conditions for the construction of Osino’s Twin Hills gold project,” the…
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Microlending loan book grew to N$8.1 billion

Microlending loan book grew to N$8.1 billion

Chamwe Kaira The microlending loan book grew by 12.8% year-on-year, reaching N$8.1 billion by the end of 2024, the Namibia Financial Institutions Supervisory Authority (Namfisa) said in its 2025 annual report.  The growth was reflected in higher disbursement figures, supported by both term lenders and payday lenders. Namfisa said term lenders accounted for the largest share of the loan book’s value, totalling N$7.6 billion, or about 94% of the total.  The total value of disbursed loans rose by 44.9% from the previous year, reaching N$5.2 billion. “The growth was driven by increased transactions between lenders and borrowers in the term…
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