Madeline

Namibia has officially entered formal consultations with the International Atomic Energy Agency (IAEA) as it advances plans to develop a nuclear power plant. This ambitious energy project is expected to span at least a decade, reflecting the complexity and scale involved. Executive Director at the Ministry of Mines and Energy, Ben Nangombe, said that the project will be developed under stringent international guidelines. Namibia must meet 19 critical infrastructure criteria […]

Inflation has climbed to 3.7% year-on-year in June, up from 3.5% in May, but still below the 4.6% reported in June last year. The increase marks a pause in the two-month slowdown trend observed earlier in the year.  According to Simonis Storm economist Almandro Jansen, the uptick was driven by modest price rises across food and non-alcoholic beverages (6.4%), alcoholic drinks and tobacco (6.9%), and housing and utilities (4.1%)—while transport […]

The Government Institutions Pension Fund has clarified that its Pension-Backed Home Loan Scheme is strictly intended to help members buy or build houses. The Pension Funds Act limits pension access to housing purposes only, ruling out business ventures or personal spending, According to CEO Martin Inkumbi: play_arrow Home Loans Only, Says GIPF on Pension Scheme Leonard Witbeen The post Home Loans Only, Says GIPF on Pension Scheme first appeared on […]

The Petroleum Training and Education Fund has thrown its weight behind the upcoming Youth in Oil and Gas Summit, happening from 24 to 25 July in Walvis Bay. Under the banner “Drilling into the Future: Empowering Youth in the Oil and Gas Revolution,” the gathering aims to equip young people with key skills and industry knowledge. PETROFUND spokesperson Shoki Kandjimi: play_arrow PETROFUND Backs Youth Oil & Gas Summit in Walvis […]

  The National Petroleum Corporation corruption saga has deepened, with the number of charges now standing at 71. NewsOnOne’s Envaalde Matheus reports that the state is firmly opposing bail for nine accused, citing risks they might abscond, tamper with evidence or derail further arrests. The alleged fraud has rocked the sector, involving a staggering N$480 million. play_arrow Petroleum Fraud Case Expands to 71 Charges Leonard Witbeen The post Petroleum Fraud […]

Windhoek, Namibia — A robbery unfolded early this morning at the Shoprite complex on Monte Christo Road, where two suspects—one wielding a panga and the other a handgun—made off with approximately N$110,000 before fleeing on foot. City Police Assistant Superintendent Katrina Namboga confirmed the ongoing investigation and appealed to witnesses to come forward. Police are reviewing CCTV footage and coordinating ground patrols in surrounding neighbourhoods. No injuries were reported, and there […]

  By: Vitalio Angula In what economists describe as a win for the country, the Development Bank of Namibia (DBN) recently announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity under its medium-sized project category. This milestone makes DBN the first institution in Namibia to acquire this status, qualifying the bank for funding between USD 50 million and USD 250 million. The accreditation allows DBN […]

The Popular Democratic Movement (PDM) has raised serious concerns over the Office of the Prime Minister’s (OPM) decision to scale down drought relief food distribution in parts of the country. The opposition party has labelled the move premature and potentially dangerous, particularly for severely affected regions like Kunene and Erongo, where communities are still struggling with food insecurity and worsening livestock losses. According to a recent government announcement, certain areas […]

Group Strategy Director at the Pupkewitz Group of Companies, Andrea Barry The Pupkewitz Group is marking a historic milestone this week as it celebrates its 100th anniversary, cementing its place as one of Namibia’s most respected and enduring business institutions. Founded in 1925 by Max and Anna Pupkewitz, what began as a modest trading business in Windhoek has evolved into a diversified enterprise with interests across automotive, construction, technology, and […]