Namibia

Namibia, Germany enter into interest free loan agreement of over N$2b

Namibia, Germany enter into interest free loan agreement of over N$2b

Staff Writer Minister of Finance Ipumbu Shiimi and German Ambassador Herbert Beck signed a Financial Cooperation Agreement between Germany and Namibia on interest-free loans today. The total amount of the agreement is approximately N$2.7 billion, bringing the total amount of German development cooperation with Namibia to approximately N$26.8 billion. The agreement covers three major areas of German-Namibia development cooperation: NamPost Funding Facility in Support of Micro and Small Enterprises (MSE) and Low Income Households in Overcoming the COVID-19 Crisis, with an investment of up to N$334 million; Water Sector Support Program II, with an investment of up to N$1.25 billion…
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Namibia, SA selected on IPU Russia/Ukraine task force

Namibia, SA selected on IPU Russia/Ukraine task force

Martin Endjala The Inter Parliamentary Union (IPU) has elected Namibia and South Africa, as the only African countries to form a task force mandated to resolve the ongoing Russia and Ukraine conflicts. This was revealed yesterday by the National Assembly Speaker Peter Katjavivi during a courtesy visit from the members of the South African National Council of Provinces (NCOP) on a benchmarking visit to the National Council. Speaker Katjavivi with his counterpart Nosiviwe Mapisa-Nqakula from South Africa, are the only leaders the IPU has vetted as representatives from Africa. Katjavivi pointed out that the gesture from the world’s parliamentary body,…
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Namibia, SA driving emerging oil activities

Staff Writer Namibia and South Africa have become focal points for new discoveries and exploration and are driving significant Merger and Acquisition (M&A) activities, according to petroleum experts. The is especially the case within the Orange Basin, where both Shell and TotalEnergies have announced world-class deliveries this year, writes Paul Sinclair, the Vice President of Energy and Director of Government Services of Green Energy Africa, in an opinion piece. He says that risk appetite in West and Central Africa is relatively down, but is considerably higher in frontier basins in Southern Africa. ‘’This is particularly the case in Angola (Namibe…
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BON anticipates significant economic growth in 2022

BON anticipates significant economic growth in 2022

Tujoromajo Kasuto NAMIBIA’S economic performance was expected to improve slightly during 2021 and improve further in 2022, supported by better growth for the mining industry and most tertiary industries, Bank of Namibia’s (BON) economic outlook for December 2021 is revealing. The domestic economy is projected to grow by 1.5 percent and by 3.3 percent in 2021 and 2022 respectively, representing an improvement from 8.5 percent contraction in 2020. The latest projection of 1.5 percent growth for 2021 represents a marginal improvement, compared to 1.4 percent published in the August 2021 Economic Outlook. Risks to domestic growth remain dominated by the…
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Enters the vicious cycle of unholy coalitions crumbling to the detriment of local residents

LATELY there have been at the local authorities level too much ado about nothing as the various political parties and formations jostle for positions on the management committees of the various hung councils. As much as these elections were accompanied with much excitement, Yours Truly Ideologically cannot but be less excited about their outcome, the hung councils. Because in the final analysis these changes cannot be anything else but a zero some game accompanied by superficial visions and ideals. For democracy yes one may put some premium on these elections and subsequent recurring elections of the management committees. But in…
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Geingob pleased with Cabinet’s work despite COVID-19 challenges

Geingob pleased with Cabinet’s work despite COVID-19 challenges

Eba Kandovazu PRESIDENT Hage Geingob says although Namibia faced challenges this year as a result of the deadly Coronavirus pandemic, Government has stood strong and Cabinet has responded to multiple crises with swiftness and purpose. At the last Cabinet meeting of the year, he says in the midst of immense human losses, Cabinet has provided the nation with the reassurance of direction, order and security. “In the eye of the storm, we have steered the ship towards calmer waters. Through your swift and decisive action, our nation has been able to avert a potential humanitarian disaster. At this juncture, I…
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Over 16 injuries, 4 deaths due reckless and negligent driving

Tujoromajo Kasuto Reckless and negligent driving accounts for over 16 injuries and four deaths across Namibia over the past weekend according to the Namibian Police weekend crime and incidents report. An unlicensed driver of a Toyota sedan lost control of the vehicle and hit a woman identified as Jacobine Haimbodi who was walking next to the road in the village in Ongenga C in the Ongenga constituency in Ohangwena on Friday. Haimbodi was taken to the Engela Hospital by members of the public and she succumbed to her injuries at the hospital the same day at around 21h00. The 38-…
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Youth demand end to corruption …and want BIG now

Youth demand end to corruption …and want BIG now

Tujoromajo Kasuto Youth are questioning why they have to accept and live with growing unemployment, poverty and crime as the inheritors of a free Namibia. The youth is angry that their supposed freedom exists only on paper but not in practice. They feel that they are living as impoverished slaves, struggling to survive while being told that Namibia is flourishing. They decry that government plans and projects such as Vision 2030, Targeted Intervention Programme for Employment and Economic Growth (TIPEEG), the Harambee Prosperity Plan (HPP) and Food Bank have not eradicated poverty. Instead, a few enriched themselves at the expense…
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Whither to Namibia, is there ever a point of halting and/or return?

A young man last week lost his life in Walvis Bay over a vetkoek. He grabbed a vetkoek from a street vendor and while trying to get away to go and enjoy, which may have been his first eat in how many days, who knows, and indeed the last, he was hit by a car. A sad story indeed! Many a times our government has been priding itself in the fact people in the country do not die from hunger. A young lad lost his life after grabbing something to eat which in the end he could not enjoy having…
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Namibia has been placed on the German “positive list”

Namibia has been placed on the German “positive list”

Tujoromajo Kasuto THE German Federal Government has lifted all entry restrictions for residents of Namibia with effect from Tuesday, 2 November 2021 at midnight and the country has been placed on the German “positive list”. The German embassy further informs that travel to Germany by Namibian residents is therefore again permitted for all travel purposes from this date. For people older than 12 years, proof of a negative test, recovery or vaccination is required upon entry. This June Germany listed Namibia as Covid-19 high risk area and the country was only removed from the list in September. Meanwhile, the Ministry…
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