The construction industry has been in the doldrums over the years, with little activity in the sector and few affordable houses being constructed, but a recent cash injection could kick-start the sector. Minister of finance and public enterprises Iipumbu Shiimi during the recent national budget allocated N$700 million to the upgrading of informal settlements, extensive...
Swakopmund, the picturesque coastal town, witnessed an exhilarating year-end target archery shooting event over the weekend. Archers from various clubs gathered to showcase their skills and compete for top honours in this captivating sport. Joining an archery club not only fosters focus and discipline but also provides a welcoming community of like-minded individuals. This was...
Census 2023 enumerators in the Oshikoto region are facing a hard time in carrying out their duties, with some communal farmers locking their farm gates and some residents resisting to be counted. The Namibia Statistics Agency (NSA) regional manager for the Oshikoto region, Thomas Emvula, says although the counting process is progressing, enumerators are faced...
A house is one of the most significant assets an individual can own, but the average price of houses in Namibia has shot through the roof. Increasing by 1 258% between January 1990 and March 2023, owning a house is now beyond the reach of most young people. According to a Namibian housing and property...
The Stimulus investments portfolio delivered dividend payments to its preference shareholders totalling N$84.5 million (2022: N$9.6 million) for the financial year ended 28 February 2023, which increased by 777% from 2022, the company’s financial results show. This, in combination with the latest portfolio valuations, represents a total return to preference shareholders of 13.6% (2022: 1.9%)...