Strait of Hormuz crossroads: Israel-Iran unrest poses significant threats to energy markets

Strait of Hormuz crossroads: Israel-Iran unrest poses significant threats to energy markets

JOSEF KEFAS SHEEHAMA It's uncertain if Iran will attempt to close the Strait of Hormuz, which ship 20-25% of the global oil.  The closure of the Strait of Hormuz would have an immediate impact on global oil prices, potentially leading to significant global economic crises. According to energy experts, the Strait of Hormuz, a narrow waterway that connects the Persian Gulf to the Gulf of Oman and the Arabian Sea, is critical for global oil trade and security. Its strategic importance arises from its role as the key conduit for oil and gas exports from major Middle Eastern exporters to…
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NSFAF collects less than 1% of N$10 billion loan book

NSFAF collects less than 1% of N$10 billion loan book

Justicia Shipena The Namibia Students Financial Assistance Fund (NSFAF) recovered less than 1% of student loans during the financial year that ended in March 2024. According to the latest audit report by Auditor General Junias Kandjeke, NSFAF recovered only N$18.27 million during the year under review.  “The auditors noted that total recoveries were only N$18,271,916, which is less than 1% of total student debtors owing the Fund,” Kandjeke said. He found that the NSFAF has been ineffective in collecting student debt, noting that most debtors are years in arrears and there was no evidence that they had been contacted to…
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‘I don’t report to Sankwasa’ – Ndeutapo

‘I don’t report to Sankwasa’ – Ndeutapo

Allexer Namundjebo The former mayor of Omuthiya, Johannes Ndeutapo, says he is still a duly elected councillor.  This comes despite reports claiming he has been dismissed by Urban and Rural Development Minister James Sankwasa. Speaking to the Windhoek Observer on Sunday, Ndeutapo said he had not received any official communication regarding his removal from office.  “I am an elected councillor, and I am still a councillor until those who elected me decide otherwise,” he said. “I don’t report to the minister. There are procedures that the minister ought to follow. I also just saw the media reporting on the matter.…
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Only 42 earth dams built in four years

Only 42 earth dams built in four years

Allexer Namundjebo Since 2020, the ministry of agriculture, water and land reform has built 42 earth dams.  These include 16 in Oshana, 10 in Ohangwena, three in Oshikoto, two each in Hardap, Karas, and Omusati, three in Kunene, and four in Kavango West. Prime Minister Elijah Ngurare revealed this statistic to Parliament on Thursday, while responding to questions by PDM leader McHenry Venaani.  Ngurare said that while progress has been made in assessing the feasibility of floodwater harvesting, dam construction must be strictly monitored.  “Significant efforts have been made to assess and address the feasibility of floodwater harvesting in flood-prone…
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Digital ID card rollouts begin

Digital ID card rollouts begin

Niël Terblanché The ministry of home affairs, immigration, safety and security has announced the launch of the country's first electronic identity card (e-ID), with the official roll-out event set for 26 June 2025 in Windhoek. The project, implemented in partnership with the United Nations Development Programme (UNDP), marks a step toward the country’s digital transformation. The roll-out follows an August 2023 Cabinet decision which approved the introduction of contactless chip IDs, similar to bank cards with an electronic chip embedded.  "Since then, the government has been engaged with putting the required infrastructure in place and engaging the relevant stakeholders for…
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Namport supports sign language App development

Namport supports sign language App development

Niël Terblanché The Namibian Ports Authority (Namport) has partnered with the Namibian National Association of the Deaf (NNAD) to support the creation of a locally designed mobile application for sign language. Through its Namport Social Investment Fund (NSIF), the state-owned enterprise donated an iMac and a MacBook worth N$100,000 to strengthen the NNAD’s technical capacity.  The handover took place last week at Namport’s head office in Walvis Bay. Namport’s manager of marketing and stakeholder engagement, Cliff Shikuambi, said the donation is part of a broader commitment to inclusive socio-economic development.  “Through NSIF, we aim to support interventions that make a…
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Kapofi denies corruption in defence tenders

Kapofi denies corruption in defence tenders

Niël Terblanché Defence and veterans affairs minister Frans Kapofi has dismissed claims of corruption in the ministry’s procurement processes, stating that all acquisitions follow legal procedures and are subject to oversight. Kapofi was responding to a question in Parliament from Affirmative Repositioning (AR) leader Job Amupanda.  Amupanda had raised concerns about the awarding of tenders and whether proper procedures had been followed in the procurement of surveillance equipment and related goods. “There is no corruption in the procurement of surveillance equipment or any other procurement that is done through the Ministry of Defence and Veterans Affairs,” said Kapofi.  He said…
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NNN to attend U.S.–Africa Business Summit in Angola

NNN to attend U.S.–Africa Business Summit in Angola

Niël Terblanché President Netumbo Nandi-Ndaitwah will lead Namibia’s delegation to the 2025 U.S.–Africa Business Summit in Luanda, Angola, this week. The summit is hosted by the Corporate Council on Africa and the Angolan government. It will bring together African heads of state, ministers, senior U.S. officials, and business leaders from both continents. Under the theme, "Pathways to Prosperity: A Shared Vision for the U.S.-Africa Partnership," the summit aims to strengthen economic ties and explore new trade and investment opportunities. Namibia’s participation is aimed at advancing partnerships and attracting investment in key sectors such as agriculture, energy, mining, oil and gas,…
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Strong capital buffer puts SBN ahead in energy financing

Strong capital buffer puts SBN ahead in energy financing

Justicia Shipena Standard Bank Holdings Namibia (SBN) is set to benefit from big spending plans in the oil and renewable energy sectors, thanks to its early involvement and in-house deal-making capacity. A report by Simonis Storm says that while these sectors can be unpredictable, the bank is well protected with a strong capital adequacy ratio of 18.3% and careful use of its funds. The report titled “Equity Insights: Trade Idea: Standard Bank Holdings Namibia” highlights that the bank is now well-positioned at the intersection of Namibia’s most capital-intensive growth areas.  The report also flags three risk areas: concentrated credit exposure…
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Old Mutual Namibia bets big on global markets

Old Mutual Namibia bets big on global markets

Justicia Shipena Old Mutual Namibia, through the Old Mutual Investment Group (OMIGNAM), currently manages over N$60 billion in assets across a broad range of strategies.  On 19 June 2025, the group launched the World Wide Equity Fund, offering Namibian investors a new entry point into global markets. The fund gives investors access to leading companies across developed and emerging markets. It focuses on sectors such as innovation, digital transformation, renewable energy, healthcare, and technology. Rex Mutelo, head of business development at OMIGNAM, said the fund is designed to provide broad global exposure.  “In today’s rapidly evolving economy, companies that lead…
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