The Minister of Finance and Public Enterprises, through the Bank of Namibia, has made new regulations to make it easier to buy multiple homes using loans. These new amendments came into effect on 31 October 2023 and replace the old restrictions on Loan-to-Value (LTV) ratios in 2019. This was revealed by Bank of Namibia spokesperson...
Teachers at rural schools should overcome many challenges to produce great results in terms of learner performance. This was emphasised during the Kandjimi Circuit and Kavango West teachers conference held at Nkurenkuru. Lack of proper classroom infrastructure and teaching materials and long-distance walks to school are some of the major challenges pointed out over the...
A senior associate at Business Financial Solutions, Hafeni Hamukoto, has emphasised the need to increase investment in African start-ups that provide unique solutions to challenges. Some owners of startups say they have experienced difficulties accessing funding and other types of support to realise their dreams. Business Financial Solutions decided to invest in Namibia’s first TEA...
Staff Reporter MENZIES Aviation, the international cargo handling company that has lost its bid to provide ground handling services at the Hosea Kutako International Airport (HKIA), has responded to issues regarding critical reagents required by the Blood Transfusion Service of Namibia (NamBTS). They state that they have made every effort to hand over this medical...
Business Reporter THE Minister of Mines and Energy, Tom Alweendo, has stated that effective regulation for Independent Power Producers (IPPs), investments, and updated transmission and distribution infrastructure are necessary to reach 45% of Namibians without electricity. This revelation came from the acting executive director of the Ministry of Mines, Brian Eiseb, who delivered the speech...
Hertta-Maria Amutenja Executive Director at the Ministry of Environment, Forestry, and Tourism, Teofilus Nghitila, revealed yesterday that rehabilitation work is needed for the roads within Etosha National Park. Nghitila made this announcement during the launch of the Tourist Statistical Report for 2020. “The Ministry requires additional support for road maintenance and we call upon all...
By Freeman Ya Ngulu. At a recent African Insurance Exchange seminar in Sun City, South Africa, NamibRe’s Managing Director Patty Karuaihe-Martin remarked in a panel discussion that insurance penetration for the continnent as a whole, is extremely low, in the order of only 3%. Under the theme “Collaborate, Cultivate and Create,” the seminar hosted a...
Maria David MINISTER of Urban and Rural Development Erastus Uutoni has called on all the ministries with functions earmarked for decentralization but are not yet decentralized to do everything in their power to expedite the outstanding processes. Uutoni made the call during the commemoration of the Africa Day of Decentralization, Local Governance, and Local Development...