Tabling of Investment Promotion Bill nears

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Final preparations for the tabling of the long-awaited Investment Promotion Bill in the National Assembly are in full swing.

The Minister of Industrialisation and Trade, Lucia Iipumbu, says the Bill and accompanying regulations and policies will be tabled during the second quarter of the year.

The policy on the Special Economic Zone will also be tabled.

In November 2021, it was withdrawn from the National Assembly after it was tabled in that legislature chamber. 

Brazil wishes to deepen economic and trade relations with Namibia

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Brazil would like to deepen its cooperation and economic and trade relations with Namibia. 

Its Ambassador to Namibia, Vivian Loss Sanmartin, says possibilities to increase trade between Brazil and Namibia are almost without a limit.

She was speaking to nbc News against the backdrop of the visit of a 10-member business community delegation from Brazil to Namibia.

The delegation is in Namibia for a weeklong visit to explore business and investment opportunities. 

Bank of Namibia unveils modified N$100 note

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The Bank of Namibia plans to launch an upgraded Namibian currency series in 2025. 

Central Bank Governor, Johannes !Gawaxab unveiled a modified N$100 note in Luderitz, announcing at the same time that the bank will undertake a minor upgrade on the current banknote series and a complete upgrade of the coin series.

The first Namibian banknotes and coin series were issued in 1993 and are now 30 years old. 

In May 2012, the Bank issued the second family of banknotes with state-of-the-art security features, which are currently in circulation. 

BoN declares dividend of over half a billion dollars

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The Bank of Namibia (BoN) has declared a dividend of more than half a billion dollars.

This underscores a major improvement in the central bank's performance for the past financial year compared to that of the previous financial year, representing an increase of almost N$100 million.

During the previous financial year, the bank distributed a dividend of N$413.7 million.

BoN's 2023 annual report, prepared in line with the Bank of Namibia Act, shows that the central bank declared a dividend of N$511.5 million to its main and only shareholder, the government.

Miracle baby defies odds

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Healthworkers at the maternity wing at Rundu's Intermediary Hospital have shown off a premature-born baby who defied all odds and is now 1 and a half years old.

Baby Peligrine Triumph Ndara weighed 800 grammes, hardly the size of the hand of an adult person, when she was born on August 2, 2022.

Together with her mother, Lahia Mwira, and staff at the maternity wing at Rundu hospital, baby Peligrine Triumph Ndara's story is one of triumph over adversity.

Japanese delegation assesses impact of health sector assistance in Kavango East

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A delegation comprising Japanese Ambassador Hisao Nishimaki, UN Resident Coordinator Hopolang Phororo, and UNICEF Country Representative Sam Ocran visited the Rundu Intermediary Hospital in the Kavango East Region recently.
 
The visit was part of an impact assessment of Japanese assistance to the Kavango East health sector.
 
The Kavango East Region's population of close to 220,000 is served by 31 health facilities, 28 health centres and clinics, two district hospitals, and the Rundu Intermediate Referral Hospital. 

Rehoboth Town Council owns Reho Spa facility

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The Rehoboth Town Council now owns the Reho Spa facility in the town.

Mayor Amanda Groenewaldt announced this at the council's first meeting for the year with residents of Rehoboth yesterday.

Groenewaldt said the town council obtained the title deed of the Reho Spa from the Ministry of Works and Transport, following a process involving the town council and Namibia Wildlife Resorts (NWR).

Groenewaldt, to the delight of the meeting attendees, said the process is now complete.

Impalila Island's low-volume seal road infrastructure to be inaugurated 

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The completed low-volume seal road infrastructure at Impalila Island, Zambezi Region, is likely to be inaugurated in April. 

The construction of the N$60 million, 25-kilometre project as well as the upgrading of a loading port, which started in 2022, will be completed by the end of March. 

During a site visit to the island on Thursday, Roads Authority CEO Conrad Lutombi said road-surfacing has been completed and road markings are now being completed, while signage is also completed.

Walvis Bay 30 years re-intergrated

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Namibia celebrated 30 years since the full and formal re-integration of Walvis Bay and its 12 offshore islands.

30 years ago, on March 1, 1994, the Walvis Bay and Off-Shore Islands Act 1 of 1994 came into force, making Walvis Bay and the off-shore islands, in terms of Article 1 of the Namibian Constitution, part of the national territory of Namibia.

Following the independence of Namibia and notwithstanding Article 1 of the Namibian Constitution, Walvis Bay and the off-shore islands continued to be controlled by South Africa, under the laws of South Africa.