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Repo rate will rise today – economist

The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today, with the repo rate currently at 6.75%, compared with South Africa’s 7.25%. The decision is being closely watched for its potential impact on borrowing costs, inflation and the exchange rate. Simonis Storm Securities economist Almandro Jansen shares his expectations ahead of the announcement. The post Repo rate will rise today – economist appeared […]

todayOctober 28, 2026

News

TransNamib’s Gonzo fired, matter escalated to ACC

By: Yanna Smith TransNamib has terminated the employment of its Executive: Human Capital, Webster Gonzo, with immediate effect following a series of internal and external forensic investigations into the parastatal’s property alienation scheme. In an official announcement, TransNamib confirmed that Gonzo’s dismissal took effect on Monday, 26 October. The veteran executive, who served the state-owned enterprise for over a decade, was found guilty on multiple internal disciplinary charges, including gross […]

todayOctober 28, 2026

News

BH loses bid to halt N$137m execution sale

By: Yanna Smith Prominent Namibian businessman Benjamin “BH” Hauwanga has failed in his urgent High Court bid to halt a judicial auction of his business assets, following a summary judgment of over N$137 million granted against him, his wife Mirjam, and five of their corporate entities in favour of Bank Windhoek. In an order delivered in the Windhoek High Court, Judge Lotta Ambunda struck the urgent application from the court […]

todayOctober 28, 2026

News

Kunene governor says second location for Baynes Dam project identified

By Eric Mhunduru Kunene Governor, Vipua Muharukua said earlier consultations with OvaHimba and OvaTjimba indigenous communities identified a second location for the proposed 878-megawatt Baynes Hydropower dam in Kunene. Muharukua said that consent was received from the affected communities at Orokaue in that region, adding he was surprised at the actions of the same group who handed over a petition to mines minister Modestus Amutse. The petition carries 2 011 signatures from OvaHimba and OvaTjimba people in Namibia and Angola, and […]

todayOctober 27, 2026

News

Schlettwein says biometric verification could reduce PSEMAS abuse

By: Envaalde Matheus Former finance minister, Calle Schlettwein, says use of biometric verification could help reduce abuse of the Public Service Employees Medical Aid Scheme (PSEMAS). He says PSEMAS misuse puts pressure on the fund’s sustainability. Schlettwein remarks follow prime minister Elijah Ngurare’s concerns alleging cartel activity within the scheme PSEMAS costs about N$3.9 billion annually, covering roughly 100 000 civil servants, while the government is seeking an additional N$535 […]

todayOctober 27, 2026

News

Health ministry suspends new recruitment until April 2027

By: Selma Taapopi Health ministry has suspended new recruitment due to financial constraints until April 2027. The ministry said this comes after 1770 health workers, including 1 320 nurses, were employed by the end of September 2026. The ministry’s executive Director, Penda Ithindi, said N$241 million of the N$259 million allocated for health worker recruitment in the 2026/27 financial year had already been spent. “Due to the limited financial position […]

todayOctober 27, 2026

News

OvaHimba & OvaTjimba petition the Baynes Hydropower dam

By Eric Mhunduru A group of the OvaHimba and OvaTjimba indigenous communities, on Monday handed over a petition against the proposed 878 megawatts Baynes Hydropower dam, along the Kunene River. Receiving the petition, Industries, Mines and Energy Minister, Modestus Amutse acknowledged the need for a roundtable dialogue between the parties involved, to reach an amicable understanding and way forward. The petition carries 2 011 signatures from OvaHimba and OvaTjimba people in Namibia […]

todayOctober 27, 2026

News

Namibia transfers six Zambian inmates to serve sentences at home

By: Josia Shigwedha Namibia has transferred six Zambian nationals serving prison sentences, under a bilateral prisoner transfer agreement. The transfer took place on, Tuesday 27 October, at the Katima Mulilo Border Post in the Zambezi Region, with the 142 Zambian nationals expected to complete their sentences in their country of origin. The Ministry of Home Affairs, Immigration, Safety and Security said none of the three Namibian inmates were transferred from […]

todayOctober 27, 2026

News

NSFAF spends N$2.15 billion on student support

By: Envaalde Matheus The Namibia Students Financial Assistance Fund has disbursed N$2.15 billion in tuition and non-tuition support, between April and September this year. However, invoices worth a further N$534.77 million are still being processed for payment.According to the education ministry, 39 528 applicants have been approved for funding for the 2026 academic year, out of 58 116 applications received. Of the approved applicants, 35 122 new students have been […]

todayOctober 26, 2026

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