Windhoek Observer

Hertta-Maria Amutenja The Executive Director of the Ministry of Agriculture, Water, and Land Reform, Ndiyakupi Nghituwamata, has implored 152 Farm Machinery Operator Graduates trainees to uphold the high standards set by the Namibia Agricultural Mechanisation and Seed Improvement Project (NAMSIP) initiative. Nghituwamata delivered this message during the official certificate handover ceremony held at the Mashare Agricultural Development Institute last week. She stressed the importance of adhering to the project's principles and maintaining the trust of both the ministry and the farmers they will serve. "No malpractices, and don't disappoint the ministry and our farmers you will be serving," Nghituwamata said.…

Erasmus Shalihaxwe Dundee Precious Metals (DPM) is planning to invest between N$6 to N$7 billion after acquiring 100 percent shares in Osino Resources Corp. Osino Resources Corp owns the Twin Hills Gold Development project, a Mining site in the area of Karibib in the Erongo Region. DPM announced yesterday that the planned investment includes construction of the project, infrastructure and employment. With activities planned to take place between 2024 and 2026. The company is also estimated to pay N$700 million per year to the Namibia government for 13 years. While 75 percent of goods and services that will be sourced…

Martin Endjala The latest Bank of Namibia Quarterly Bulletin for December 2023 reported that annual growth in broad money supply has experienced a moderate increase of 7.9 percent. This growth has been primarily driven by a significant surge in Net Foreign Assets of the depository corporations. However, during the same period, Private Sector Credit Extension saw a slowdown of 1.6 percent in the third quarter of 2023. This rise in annual growth during the third quarter of 2023 was fueled by an increase in Net Foreign Assets of the depository corporations, attributed to diamond proceeds and revaluation gains. On the…