Observer Money

Erasmus Shalihaxwe The Bank of Namibia (BoN) is set to provide credit-related drought relief policy measures to assist farmers and agricultural business owners who are experiencing financial difficulties as a result of drought. The bank’s director of strategic communications and international relations, Kazembire Zemburuka, announced the new measure on Monday. He explained that the decision was taken because the banking institutions are required to implement relief measures, including the restructuring of loans, granting of loan moratoriums, and emergency funding under preferential terms. According to Zemburuka, this will ease the financial burden on affected clients while helping to stabilise the agricultural…

Erasmus Shalihaxwe The City of Windhoek (CoW) is planning to build a waste-to-energy plant to generate bulk electricity and improve waste management. The municipality explained this in a statement issued over the weekend where it said that the initiative aims to diversify energy supply, enhance the security of electricity provision, and reduce carbon emissions. “The proposed facility is expected to process 250 tons of waste per day, equivalent to 8.5 MW of electricity and 17.5 MW of heat, with the possibility to increase capacity to 400 tons per day by incorporating waste from neighbouring urban centres,” reads the statement. According…

Allexer Namundjembo The anticipated launch of Air Botswana’s new flights to Windhoek and Durban, originally set for October 1, will not happen anytime soon as the airline is reported to yet to apply for operational permits in South Africa and Namibia. Media in Botswana reported last week that Air Botswana also lacks both the crew and aircraft needed to service these routes, with the newly acquired E175 aircraft still grounded. According to the Tuesday Grill newspaper, a source explained that the ERJ145 aircraft, planned for Namibia operations, will be registered with Namibian authorities and operated by FlyNamibia. Furthermore, FlyNamibia’s crew…