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RMB says Namibia’s growth ‘stuck in neutral’

RMB says Namibia’s growth ‘stuck in neutral’

Chamwe Kaira Namibia has been ranked 17th in RMB’s 2025/26 Where To Invest In Africa report. The report describes the country’s economy as “stuck in neutral”, citing low investment levels, a persistent current account deficit, and slow productivity growth. RMB said Namibia’s economic path toward prosperity may depend on the development of its recent offshore oil and gas discoveries. The government believes these discoveries could lift growth to 8% within a decade. The report notes that Namibia remains one of the world’s most unequal countries, alongside South Africa. It recorded strong scores for economic stability, investment climate, market accessibility, and…
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Old Mutual announces new chief investment officer

Old Mutual announces new chief investment officer

Staff Writer  The Old Mutual Investment Group Namibia (OMIGNAM) has appointed Sara Mezui Engo as chief investment officer of unlisted investments, effective immediately. Mezui Engo brings over 16 years of experience in investment management across listed and unlisted markets.  She has held roles at RMB Asset Management, now Momentum Investments, EMH Prescient Investment Management, and Liquid Africa, now Enko Capital.  Most recently, she worked at the Government Institutions Pension Fund of Namibia (GIPF), where she led the global alternative investments programme, investing in private equity, private credit, property and infrastructure. Her appointment marks a key step for OMIGNAM in strengthening…
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BoN warns growth alone won’t deliver jobs

BoN warns growth alone won’t deliver jobs

Staff Writer The creation of 500 000 jobs remains one of Namibia’s biggest challenges as the country struggles to turn economic growth into meaningful employment. Speaking at the inaugural Namibia Public-Private Forum (NAMPPF) recently held in Windhoek, Bank of Namibia (BoN) governor Johannes !Gawaxab said that while the economy has grown over the years, this growth has not translated into job creation.  He was addressing a high-level panel discussion titled “From Vision to Action: Delivering on Namibia’s Jobs Agenda.” “The central question before us is how Namibia will deliver on the audacious but necessary target of creating 500 000 quality…
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From the mine to the macro: Why my seat on this UNIDO jury is a testament to Africa’s sustainable future

From the mine to the macro: Why my seat on this UNIDO jury is a testament to Africa’s sustainable future

Zenzi N Awases For as long as I can remember, I have been a builder. As a geologist, I learned to read the story of the earth, written in rock layers and mineral deposits. But I soon realized that the most valuable resources we have are not just the minerals we extract, but the people, the systems and the ideas we build around them. My journey from the field to the policy table, and now to the international jury for UNIDO’s inaugural ONE World Sustainability Awards, has been guided by one unwavering belief: purpose and profitability are not just compatible;…
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NNN sacks Ithete from Cabinet

NNN sacks Ithete from Cabinet

Renthia Kaimbi President Netumbo Nandi-Ndaitwah has taken charge of the Ministry of Industries, Mines and Energy after firing Minister Natangue Ithete with immediate effect. The president's office announced the decision yesterday. The presidency stated that the decision was made in accordance with Article 32(6) of the Constitution.  The presidency thanked Ithete for his service and confirmed he will remain a member of parliament. It stated that the move reinforces its commitment to “sound governance, accountability, and the effective implementation of national priorities.” While the official statement did not explain the reasons for the dismissal, the decision has stirred debate in…
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NIMT murder convict was sick before death 

NIMT murder convict was sick before death 

Justicia Shipena Former Namibian Institute of Mining and Technology (NIMT) employee and convicted double murderer Ernst Lichtenstrasser has died in custody.  Lichtenstrasser (64) was found dead on Sunday morning at the Windhoek Correctional Facility. The deputy commissioner general of Namibia Correctional Service (NCS), Sam Shalulange, told the Windhoek Observer that Lichtenstrasser had been ill before his death. Shalulange said Lichtenstrasser had been receiving medical attention at the facility’s clinic.  “Mr Lichtenstrasser was a patient. He was even at the sick bay when he died. The sick bay is the clinic in the facilities. So, he has been a patient,” he…
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Outrage over Ithete’s “Only work with Swapo” remarks

Outrage over Ithete’s “Only work with Swapo” remarks

Allexer Namundjembo The United Democratic Front's (UDF) Youth League has criticised former deputy prime minister and minister of industries, mines, and energy, Natangue Ithete, for making comments they believe were divisive and irresponsible during his visit to Khorixas. Ithete allegedly said he only wants to work with members of his own political party and suggested that if another political party were to win, the people of Khorixas would have “brought poverty upon themselves.” In a video clip seen by the Windhoek Observer, Ithete is heard saying there are different candidates from different political parties contesting in this year’s regional and…
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OBSERVER DAILY | Oil Dreams and Hard realities: Namibia must demand good jobs from foreign investment

Namibia’s growing oil and gas ambitions have once again come under scrutiny, and rightly so. The Institute for Public Policy Research (IPPR) has sounded a sober warning that, despite the euphoria surrounding recent discoveries, the promise of thousands of jobs may not materialise as projected. In a country where unemployment hovers around 33%, and where the youth, the majority of the population, bear the brunt, it is not just a question of how much oil lies beneath our seabed, but whether that wealth will translate into decent, sustainable livelihoods for Namibians. The mirage of job creation According to government projections,…
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State office rental costs increase by N$22 million

State office rental costs increase by N$22 million

Justicia Shipena The government will spend N$22 million more on office rentals this year.In total, it will pay N$364 million to rent offices, up from N$342 million last year.This was revealed by Works and Transport Minister Veikko Nekundi in Parliament on Thursday.  He stated that renting gives the government the flexibility to allocate resources, enabling it to focus on sectors such as education, health and social welfare. Nekundi explained that building new offices would be too costly.  “To construct office space for about 300 employees would cost between N$600 million and N$700 million. Given that most ministries in Windhoek accommodate…
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Union accuses Walvis Bay Council of tampering with job shortlist

Union accuses Walvis Bay Council of tampering with job shortlist

Renthia Kaimbi The Namibia Public Workers Union (Napwu) has lodged a formal complaint with urban and rural development minister James Sankwasa, accusing the Walvis Bay Municipal Council of interfering in the recruitment process for a senior position. In a letter dated 24 October 2025, Napwu general secretary Petrus Nevonga alleged serious irregularities in the hiring process for the general manager of human resources and corporate communication services.  The union claims the council unlawfully altered an approved shortlist and made improper financial payments to candidates. Documents seen by the Windhoek Observer show that a shortlisting committee met on 25 July 2025…
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