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International relations ministry hit by exchange rate pressures, budget strains

https://futuremedianews.com.na/wp-content/uploads/2025/05/WhatsApp-Video-2025-05-07-at-09.52.26.mp4   By: Hertha Ekandjo The Ministry of International Relations and Trade faced a series of financial challenges during the 2024/2025 fiscal year, largely driven by exchange rate fluctuations that affected the majority of its operational budget. According to minister, Selma Ashipala-Musavyi, who presented the ministry’s budget speech in Parliament last week, approximately 80% of the ministry’s operational budget was impacted by volatile currency movements. These fluctuations, she said pose […]

todayMay 7, 2025 3

News

One arrest made in ongoing corruption probe involving Roads Authority

By: Hertha Ekandjo The Anti-Corruption Commission (ACC) has confirmed the arrest of a private individual in connection with an ongoing investigation into alleged corrupt practices involving a staff member of the Roads Authority (RA) and a supplier. The suspect was apprehended on Tuesday and is expected to appear in the Windhoek Magistrate’s Court today, Wednesday, 7 May 2025. The ACC noted that the arrest marks a significant development in the […]

todayMay 7, 2025 3

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Former Nudo leader Kauandenge forms Asoli for Windhoek municipal elections

Former Nudo Secretary General, Josef Kauandenge   Windhoek, Namibia—Former Member of Parliament and ex-National Unity Democratic Organisation (NUDO) secretary general Josef Kauandenge has unveiled a new political entity, the Association for Localised Interest (Asoli), which targets active participation in the upcoming Windhoek municipal council elections. Asoli, already registered with the Electoral Commission of Namibia, is set for its official launch this Friday in Windhoek. The movement seeks to invigorate the political […]

todayMay 7, 2025 2

News

Venus field development proceeds despite Marula-1X setback

The National Petroleum Corporation of Namibia Head Office   Windhoek, Namibia — The National Petroleum Corporation of Namibia and its joint venture partners—TotalEnergies, QatarEnergy, and Impact Oil & Gas—are moving forward with the development of the Venus Field in Block 2913B (PEL 56), offshore Namibia. This decision comes despite the recent unsuccessful drilling of the Marula-1X exploration well. The Marula-1X well, located approximately 47 kilometers south of the Venus-1X discovery, […]

todayMay 7, 2025 2

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INTERVIEW: Business Expert Josef Sheehama on Beef Exports: Seizing Namibia’s Growth Opportunity

Introduction: Namibia’s Unique Position in the Global Beef Market Namibia has long been a key player in the global beef export market, particularly to China, which has emerged as one of the largest importers of beef worldwide. Business expert and economist, Josef Sheehama, sees this as a significant opportunity for Namibia to further grow its beef exports and strengthen its position in the international market. The China Advantage: A Golden […]

todayMay 6, 2025 6

News

Namibia’s economy expands as President Nandi-Ndaitwah’s Cabinet and policy plan take shape

Namibia’s economy is on track for continued growth in 2025, according to the latest Quarterly Economic Review from the Institute for Public Policy Research (IPPR). The report, released this month and authored by veteran economist Robin Sherbourne, forecasts a 3.8 percent rise in gross domestic product (GDP), driven by easing inflation, robust foreign reserves, and a cut in the central bank’s repo rate to 6.75 percent—its lowest level in over […]

todayMay 6, 2025 4

News

NamRa employee suspended in tax refund scam, three arrested

The Namibian Revenue Agency (NamRa) has revealed a fraudulent scheme connected to its ongoing Mass Tax Refund Initiative, resulting in the unlawful payout of over N$666,000 in tax refunds. The fraudulent activity, which was uncovered between January and April of this year, has led to the suspension of one of NamRA’s employees and the reversal of a secondment involving a Ministry of Finance official. Chief of Strategic Communications and Support […]

todayMay 6, 2025 5

News

Ohlthaver & List Group achieves “Great Place to Work” certification for 2025/26

The Ohlthaver & List (O&L) Group has officially earned its certification as a Great Place to Work for 2025/26, a remarkable achievement that highlights the company’s core values of authenticity, care, and passion. The certification follows the completion of the annual Great Place to Work (GPTW) survey earlier this year, which saw an extraordinary 99% participation rate across the Group. O&L’s Trust Index score has reached an impressive 70%, marking […]

todayMay 6, 2025 4

News

INTERVIEW: Lüderitz Mayor Balhao Breaks Silence on Crayfish Festival Dispute

May 2, 2025 | Lüderitz, Namibia Lüderitz Mayor Phillipus Balhao has spoken out about the ongoing controversy surrounding the Crayfish Festival, calling for understanding and transparency as the town council continues its due diligence before making final decisions regarding the event. In a recent statement, Mayor Balhao emphasized that the Lüderitz Town Council has no ill intentions but is simply fulfilling its responsibility to ensure accountability and good governance. “It’s […]

todayMay 2, 2025 6

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