Namibia has achieved a significant milestone in food security, reaching 45% self-sufficiency for the first time in 15 years, an official has revealed. The achievement is attributed to sustained output from smallholder and large-scale farmers as well as the World Food Programme (WFP)’s support for end-to-end food systems. This comes as Namibia is threatened by...
Local borrowing by Letshego Holdings (Namibia) increased to N$ 3.1 billion in the year ended 31 December 2023 as the company undertook to finance growth and decrease reliance on parent funding. The company said in its financial results that it has been progressively implementing its digitalisation strategy in line with our ambition to grow market...
Pep Guardiola said Phil Foden has become a “world class” talent capable of deciding big games after the 23-year-old scored twice in Manchester City’s 3-1 win over Manchester United on Sunday. Marcus Rashford’s wonder strike had fired United into a shock lead at the Etihad. Erling Haaland was then guilty of a miss that will...
In January 2024, credit extended to corporates reached N$46,4 billion, an increase of 2.1% y/y as compared to 0.4% y/y growth reported in December 2023. According to the Bank of Namibia, the credit growth in corporate sector was primarily driven by increased demand from manufacturing, energy, and agriculture sectors. Conversely, households experienced a slowdown in...
Miss World Namibia 2022 Leoné van Jaarsveld has made it into the top four of the Miss World Sport Challenge in the African countries category. The Miss World 2023 pageant is currently being held in New Delhi, India. The opening ceremony for the month-long contest started on 20 February and the grand finale takes place...
Staff Reporter THIS weekend witnessed significant rainfall in many areas, particularly within the central interior regions, with predictions suggesting the likelihood of more widespread rain. Among the places that recently encountered impressive rainfall is Omateva in Khomas Region, which, according to the Namibia Meteorological Services, recorded 30 millimetres (mm) of rain between Sunday and Monday...
The International Air Transport Association (IATA) this week released data for November 2023 air travel performance indicating that air travel demand topped 99% of 2019 levels. According to the data, total traffic in November 2023 (measured in revenue passenger kilometers or RPKs) rose 29.7% compared to November 2022. Globally, traffic is now at 99.1% of...
The country’s trade balance experienced a deficit of N$4.5 billion, during October, Namibia Statistics Agency (NSA) Statistician General, Alex Shimuafeni revealed in the latest trade statistics released on Tuesday. This figure marks an increase compared to the N$3.3 billion recorded in September 2023 and the N$2.2 billion deficit noted in October 2022. According to Shimuafeni,...
B2 Gold Otjikoto mine will continue with its processing operations beyond the 2026 closure of the mine. After the closure, it will process all its stockpiles until they are exhausted by approximately 2031. Ten years after its commissioning in 2013, the mine has come to the end of its economic lifespan. Disclosing the phased closure...