BoN declares divident of N$ 720 Million

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The Bank of Namibia announced a record dividend of N$ 720 million dollars for last year, exceeding the 511 million dollars paid to the government in 2023. 

Finance Minister presents a National Budget of n$106.3 billion

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Finance Minister Ericah Shafudah has tabled a budget of N$106.3 billion for the 2025-2026 financial year, the maiden budget of the new administration of President Netumbo Nandi-Ndaitwah. 

The budget, themed "Beyond 35, for a Prosperous Future", marks an increase of 22.6% from the previous year.

Pre-budget discussion highlights unemployment as a priority

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The need for practical steps to address economic challenges faced by Namibians topped the discussions at the budget dialogue facilitated by the Economic Association of Namibia.

Panellists expressed a shared urgency for immediate action.

Debate participants express confidence in new President

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The Andimba Toivo ya Toivo Secondary School scooped the Oshana Regional Library Annual Debate Championship award this weekend.

In second place and third, respectively, were the Reverend Juuso Shikongo Secondary School and Dr. Abraham Iiyambo SS, while Nehale Secondary School was placed fourth. 

Competitive energy sector needs policy focus

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The Minister of Mines and Energy, Tom Alweendo, has emphasised the need for policies that maximise economic benefits from the energy sector while ensuring Namibia remains competitive in the global market, particularly following noted oil discoveries.

Aroab Council boosts growth with focus on development and infrastructure

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The Aroab Village Council in the ||Kharas Region has made significant strides in economic growth with a focus on socio-economic development, housing, and infrastructure improvement.

Its Chief Executive Officer, Simasiku Maketo, said this in an interview with nbc News. 

Minister Iipumbu launches construction of Onandjaba Open Market

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Trade and Industrialisation Minister, Lucia Iipumbu, officiated the commencement of the construction of Onandjaba Village Council Open Market. 

The construction of the open market aims to foster inclusive economic growth and create opportunities for small and medium enterprises.