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Deposit on second loan mortgage no longer required: BoN

Deposit on second loan mortgage no longer required: BoN

Martin Endjala The Bank of Namibia (BoN) has announced that Namibians will no longer be required to make a deposit on their mortgage when acquiring a second residential property through commercial banks. BoN announced yesterday that the Loan-To-Value ratio has been relaxed to make it easy for members of the public who wish to purchase additional properties. According to the central bank Deputy Governor Leoni Dun, the Loan-to-value ratios for purchasing multiple homes through mortgage bonds to mitigate financial risks were relaxed following a new regulation issued by Minister of Finance and Public Enterprises Iipumbu Shiimi, on the recommendation of…
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Water Governing Council discusses critical water challenges

Water Governing Council discusses critical water challenges

Niël Terblanché In a bid to accelerate progress toward Sustainable Development Goals (SDGs) in Africa and address the urgent need for climate mitigation, adaptation, and resilience in the continent’s water and sanitation sector, African leaders convened in Swakopmund, Namibia, for the 23rd African Water Facility (AWF) Governing Council Meeting. The event coincided with the seventh edition of the Africa Sanitation and Hygiene Conference (AfricaSan7). The gathering was officially inaugurated by Namibia’s Minister of Agriculture, Water, and Land Reform, Calle Schlettwein, who stressed the pivotal role played by the African Water Facility in advancing Africa’s development goals. Established in 2004 as…
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Geingob urges newly graduated NDF recruits to act professionally

Geingob urges newly graduated NDF recruits to act professionally

Stefanus Nashama Commander-in-Chief of the Namibian Defence Force (NDF) and Head of State, President Hage Geingob, has urged new recruits who completed training recently through the Professional Qualified Officers’ Course to act professionally and exhibit exemplary behaviour. In a speech, read on his behalf by Vice-President Nangolo Mbumba, at the NDF graduation ceremony in Walvis Bay yesterday, Geingob advised the graduates that they should never cross the borderline to act out of character or endanger the citizens of Namibia. “As your Commander-In-Chief, I do not want to hear or read about soldiers acting out of character or endangering the citizens…
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Regional Councillor questions road-worthiness of GRN vehicles

Regional Councillor questions road-worthiness of GRN vehicles

Hertta-Maria Amutenja Head of the Oshana Regional Council’s Finance and Administration Directorate, Jonas Kapenda claimed that some of the government’s vehicles in the region are not fit for use on the roads and that their age is comparable to that of the councils. He explained that cars in the government garage are meant to support the Ministry of Urban and Rural Development but some are not functioning properly. “When we request for a vehicle from the government garage, we are told that the car license has not been renewed so one just leaves it. Because if the police find you,…
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SADC concerned about the security situation in the region

SADC concerned about the security situation in the region

Niël Terblanché Namibia participated in the Extraordinary Southern African Development Community Summit that considered the security situation in the eastern Democratic Republic of the Congo (DRC). Vice-President of the Republic of Namibia, Dr Nangolo Mbumba, led the Namibian Delegation to the Summit. He was accompanied by Frans Kapofi, the Minister of Defence and Veterans Affairs, Patrick Nandago, Ambassador of Namibia to Angola, and other senior government officials. At the conclusion of the summit, the Heads of State issued a joint communique in which they stated that they are concerned about the deterioration of the security and humanitarian situation in the…
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Windhoek Eye Clinic gets equipment worth N$250 000

Windhoek Eye Clinic gets equipment worth N$250 000

Martin Endjala The Windhoek Central Hospital’s renowned eye clinic recently benefited from a donation of equipment valued at N$250,000 from the Capricorn Group Foundation, the clinic provides crucial support for individuals with visual impairments. “Many Namibians rely on the government healthcare services, which include optometry. The Ministry of Health and Social Services eye clinic at the Central Hospital in Windhoek was established for this purpose, to support patients with treatment and restore the vision of those who are visually impaired,”. Marlize Horn, Executive Officer of the Capricorn Group Foundation said during the handover ceremony held recently in the capital city…
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Brave Warriors and Peter Shalulile makes it on CAF Nominees for CAF Awards 2023

Brave Warriors and Peter Shalulile makes it on CAF Nominees for CAF Awards 2023

The Confederation of African Football (CAF) unveiled the nominees for the much-anticipated CAF Awards 2023 in the men's categories, building anticipation for the Awards Gala set to take place on December 11, 2023, in Marrakech, Morocco. These selections were based on the performance of nominees between November 2022 and September 2023. For the esteemed CAF African Player of the Year, a total of thirty exceptional players made the cut. The list includes renowned names such as Riyad Mahrez from Algeria, Mohamed Salah from Egypt, and Sadio Mane from Senegal, among others. In addition to the top prize, categories such as…
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Namibia leads the way in green iron production

Namibia leads the way in green iron production

Martin Enjala Namibia is poised to become a global leader in the production of green iron, a metal manufactured with zero emissions and powered by green hydrogen. This development follows the launch of the HyIron Oshivela Green Iron project in Arandis, on Monday, with operations expected to commence in 2024. Johannes Michels, the Managing Director of the HyIron Oshivela Green Iron Project, discussed the significant potential for Namibia in an exclusive interview with the Windhoek Observer. He stressed that Namibia possesses an abundant supply of iron ore, capable of meeting the entire world’s demand. Currently, global demand for iron stands…
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Government spends more than N$114m on construction of fire stations

Government spends more than N$114m on construction of fire stations

Martin Endjala The government through the Ministry of Urban and Rural Development spent more than N$114 million on the construction of fire stations to date across the country, and a total of 34 local authorities have benefited from the support and capacity development and disaster management programme. According to Urban and Rural Development Minister Erastus Uutoni, local authorities have a legal obligation to establish and maintain effective fire and emergency services at all times.Uutoni said this at the inauguration of the fire station of the Rehoboth Town Council on Monday which was built to the tune of N$4.1 million, the…
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Venaani calls for a collective resolution to fight hunger

Venaani calls for a collective resolution to fight hunger

Stefanus Nashama As food insecurity continues to threaten some areas in Namibia, Popular Democratic Movement (PDM) leader, McHenry Venaani, contends that the hunger crisis in the country qualifies as an exasperating matter that requires a collective resolution. While advising other lawmakers, politicians and leaders to put aside their political differences, he reiterated that only a united Namibia would exonerate hunger in the country. “The hunger crisis in Namibia is not a matter that can be solved by any one party, individual or organisation. It is a c stics are also substantiated by the World Health Organisation, which reveals Namibia currently…
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