Hertta-Maria Amutenja Minister of Finance and Public Enterprises, Iipumbu Shiimi has announced the increase in the Old Age Grant and Disability Grant. The monthly grant will rise from N$1 400 to N$1 600. “Accordingly, the Old Age Grant and the Disability Grant will be increased from N$1,400 to N$1,600 per month effective on 01 April...
December 24, 2024
Tag: boosted
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Boosted bunkering services enable Walvis Bay to capitalise on the Suez Canal crisis – Windhoek Observer
Niël Terblanché The port of Walvis Bay has witnessed a remarkable 32 percent year-on-year increase in vessel calls for the year ending on 31 December 2023 because of the continued surge of maritime activity around the southern tip of Africa The Namibian Ports Authority (Namport) attributed the growth in port calls to a variety of...
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Omaalala FC boosted by Ondangwa Private Hospital
Maria David THE Omaalala Sport Club received a soccer outfit donation from Ondangwa Private Hospital valued at about N$8 000 on Wednesday in an effort to promote local sports. Currently, around thirty players are registered with the team in the Oshana third-level league. However, in December last year, the club secured silver and bronze medals...
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UB Dax Primary School boosted by alumni’s generous donation
The Arandis Town Council, led by Councillor Johanna Namupala, made a significant contribution to UB Dax Primary School’s vulnerable children’s feeding programme. The donation, totaling N$35,000 in essential food items, aimed to support the school’s efforts in aiding vulnerable students. The generous donation was made possible by Simon Shaninga, owner of Carbon 12 Mechanical and...
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US weapons sales abroad hit record high in 2023, boosted by Ukraine war
US weapons sales overseas rose sharply last year, reaching a record total of $238bn (£187bn), as Russia’s invasion of Ukraine stoked demand. The US government directly negotiated $81bn in sales, a 56% increase from 2022, the state department reported. The rest were direct sales by US defence companies to foreign nations. Ukraine’s neighbour Poland, currently...
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Namibia ranks 5th globally in FDI momentum boosted by green hydrogen
Namibia has been ranked as the 5th country with the strongest investment momentum for 2024 in the world, as revealed by a new study conducted by FDI Intelligence. The study examines economic and foreign investment trends in the top 50 destinations globally, utilizing data from the IMF and fDi Markets. It sheds light on countries...
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Domestic energy sector to be boosted
The Omburu Battery Energy Storage System (Bess) project will be a game changer and a transformative leap in the Namibian energy landscape. This was said by NamPower’s managing director, Simson Haulofu, at the contract signing ceremony with Shandong Electrical, Engineering and Equipment Group and Zhejiang Narada Power Source yesterday. The agreement will officially kick off...
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Local chess boosted with N$500,000 sponsorship from Bank Windhoek
Bank Windhoek marked a significant stride in promoting intellectual development and fostering chess nationwide by announcing a N$500,000 sponsorship for the Namibian Chess Federation (NCF) during their launch of the Bank Windhoek Chess Championship on Tuesday. Jacquiline Pack, Bank Windhoek’s Executive Officer of Marketing and Corporate Communication Services, unveiled the sponsorship aimed at supporting chess...
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PostFin boosted by N$406m fund from KfW – Windhoek Observer
Martin Endjala PostFin, the microlending arm and a subsidiary of Namibia Post Limited (NamPost) was recently boosted with a N$406 million loan following the signing of an agreement with Germany’s KfW Development Bank. PostFin will use these funds to provide micro-loans to micro- and small-sized enterprises and households predominantly in rural and remote areas. PostFin...
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NAMSIP boosted by 168 brand new tractors – Windhoek Observer
Hertta-Maria Amutenja The Ministry of Agriculture, Water, and Land Reform (MAWLR) has acquired 168 of the 350 tractors expected under the Namibia Agricultural Mechanization and Seed Improvement Project (NAMSIP). The ministry’s spokesperson, Jona Musheko says the initiative is set to empower small-scale farmers and bolster agricultural productivity across the nation. In addition to the tractors,...