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11/06/2026

GIPF launches study into green hydrogen, agriculture and energy sectors for future investments

By: Hertha Ekandjo

The Government Institutions Pension Fund will conduct a national and regional sectoral study focused on green hydrogen, agriculture, energy transition and other key sectors to guide its future investment decisions under its 2026–2029 Strategic Plan.

The study will inform how the Fund deploys capital in areas identified as both commercially viable and developmentally impactful, as GIPF strengthens its long-term investment strategy aligned with Namibia’s Sixth National Development Plan.

Presenting the strategy, Chairperson of the Board Investment Committee, Petrus Nevonga, said the Fund aims to ensure that future investments are guided by structured analysis of priority sectors, rather than ad hoc allocation.

He said the sectoral study will identify investment opportunities across infrastructure, agriculture and agro-processing, real assets, the blue economy, energy transition, green hydrogen, climate-related opportunities, SME development, industrialisation, import substitution and export-oriented industries.

Once completed, the study will map these sectors against NDP6 priorities and expected financial returns, allowing GIPF to prioritise high-impact investment themes. These will then be converted into targeted mandates, with investment managers appointed to execute them and performance tracked through annual impact reporting.

The strategic shift comes as GIPF’s total fund value has grown to N$221.1 billion, with a funding level of approximately 119%.

About N$100 billion of the portfolio is invested in Namibia, representing 47.7% of total assets. This includes N$11.1 billion in local unlisted investments, N$5.4 billion in infrastructure mandates, and N$2.7 billion in renewable energy projects that have added 162.75 megawatts of clean power to the national grid.

11/06/2026

Standard Bank Namibia first in Africa Group to launch cash-back rewards.

By: Ritta Lotto

Standard Bank Namibia has become the first within the Standard Bank Africa Group, to launch a cashback customer rewards programme.

The product, called 'URewards’ awards cashback to customers for everyday spending, using their Standard Bank cards.

Speaking at the product launched on Wednesday, in the capital, the bank’s retail products head, Nolan Angermund said URewards product seeks to reward customers loyalty and continued use of the bank services.

The bank's everyday banking manager, Felicia Jooste said cash-back will be paid monthly based on the number of card transactions made and the number of products held with the bank.

10/06/2026

Vacant parastatals CEO positions hampers operations, says IPC

By: Josia Shigwedha

Independent Patriots for Change (IPC) member of parliament Imms Nashinge, says the absence of substantive chief executive officers at several state-owned enterprises hampers operations and governance.

Watch Story Here: https://youtu.be/nixPREq6w0w

10/06/2026

Weak governance blamed for poor audits decline in public institutions

By: Ludorf Iyambo

Government institutions agencies recorded a decline in audit performance in 2025, with only 46 percent receiving unqualified audit opinions.

Director of Accruals in the Office of the Auditor General, Blessing Nyandoro, says the trend points to weaknesses that require urgent attention before public institutions slide into more serious governance failures.

Nyandoro made the remarks on Wednesday during Internal Audit Awareness Day held in Windhoek.

He said stronger internal audit systems are needed to prevent governance failures, safeguard public resources and strengthen accountability across public institutions.

According to Nyandoro, many internal audit units remain under-resourced, limiting their ability to detect risks and address control weaknesses before they escalate.

"OMAs have been doing very well for the past five years, and in 2025 they flipped. They dropped to 46% from unqualified to qualified. We need to identify what happened and fix it now before we go to the broken glass,” remarked Nyandoro.

He said auditors continue to encounter missing documents, delayed submission of financial statements, fruitless expenditure and penalties arising from non-compliance with tax obligations.

He warned that such shortcomings undermine accountability and increase the risk of governance failures within public institutions.

Echoing these concerns, Bank of Namibia Deputy Governor Nicholas Mukasa said governance failures often begin with warning signs that are ignored.

Mukasa pointed to the collapse of global financial institutions such as Lehman Brothers and Credit Suisse, as well as the downfall of South Africa's Steinhoff Group and Namibia's SME Bank, as examples of the consequences of weak governance, ethical failures and breakdowns in internal controls.

"Every major institutional failure in history was preceded by warning signs. The question is not whether those signs existed, but whether anyone was listening.

When governance falters, trust is eroded, value is destroyed, and institutional resilience is weakened."
Mukasa stressed that the economic cost of poor governance extends beyond financial losses, citing International Monetary Fund findings showing that countries with lower levels of corruption collect about four percent more of their gross domestic product in tax revenue than countries with similar levels of development but weaker governance systems.

According to Mukasa, improved governance and reduced corruption could unlock an estimated US$1 trillion in additional public revenue globally.

"These are not abstract figures. They represent schools not built, hospitals under-resourced and infrastructure left unrealised," he said.

Mukasa said strong oversight will become even more important as Namibia seeks to benefit from opportunities in oil and gas, green industrialisation and digital transformation.

The two officials called for stronger audit committees, greater independence for internal auditors and increased oversight to improve accountability and governance across public institutions.

10/06/2026

Weak governance blamed for clean audits decline in public institutions.

Watch on oneafrica.tv, DStv or GOtv at 19h00 on Mondays to Fridays.

10/06/2026

Health ministry launches standard patient complaints management procedures

By: Selma Taapopi

The health ministry on Wednesday launched its Standard Operating Procedure for the management of patient complaints, that may arise from several medical misconduct issues.

Under the SOP, facility heads must be notified of any complaints immediately, while it will be expected that the cases are escalated to senior management within 24 hours, and investigations should be launched within 48 hours.

Watch on oneafrica.tv, DStv or GOtv at 19h00 on Mondays to Fridays.

10/06/2026

Water supply for central areas in strong position, says NamWater

NamWater Chief Executive Officer Abraham Nehemia said the three dams that supply water to the central areas, including Windhoek, Okahandja and Karibib, are currently in a relatively strong position.

Nehemia said Von Bach Dam, which is the backbone of the distribution network, stands at 64.3 percent, while Swakoppoort Dam at 8 percent, and Omatako Dam at 4.6 percent.

ORDER WITH ME: Prime Minister, Elijah Ngurare, has called a meeting with "Order With Me" traders in the Khomas Region fo...
10/06/2026

ORDER WITH ME: Prime Minister, Elijah Ngurare, has called a meeting with "Order With Me" traders in the Khomas Region for Saturday, at the Namibia University of Science and Technology (NUST) Auditorium in Windhoek.

In a message shared on Facebook, Ngurare said the meeting will start at 09:00.

The gathering serves as an opportunity to engage in current activities and future direction.

There have been growing complaints from traders over high and unpredictable customs charges, delays in clearing goods, shipment losses and difficulties navigating import regulations.

Many traders, who source goods mainly from China for resale, say customs duties, VAT and clearance fees are making their businesses increasingly difficult to sustain.

Ngurare recently met with Finance Minister, Ericah Shafudah, and Namibia Revenue Agency (NamRA) Commissioner, Sam Shivute, to discuss concerns raised by the traders, whom the government has identified as an important source of income and entrepreneurship, particularly for young Namibians.

By: Staff Reporter

10/06/2026

CLARIFICATION REQUESTED: Popular Democratic Movement (PDM) leader, McHenry Venaani, has pressed Prime Minister, Elijah Ngurare, to clarify whether NamCor was excluded from the fuel import licensing process awarded to Vito Energy.

While posing an urgent oral question in Parliament on Tuesday, Venaani questioned Ngurare over allegations that Vito Energy was awarded a fuel import licence and that NamCor was sidelined in the process.

He also sought confirmation or denial of allegations that NamCor was bypassed in the arrangement, raising concerns about national fuel security.

Venaani cited concerns attributed to former NamCor acting CEO and former deputy finance minister, Maureen Hinda, who warned that Namibia’s oil security could be under threat if NamCor is bypassed in strategic fuel supply arrangements.

Hartlief Shop & Bistro closure will not affect permanent employeesBy: Hertha EkandjoThe OL Group says the closure of the...
10/06/2026

Hartlief Shop & Bistro closure will not affect permanent employees

By: Hertha Ekandjo

The OL Group says the closure of the Hartlief Shop & Bistro will not affect permanent employees.

According to OL`s Communications Officer, Carmen Maartens, engagement with Hartlief Shop & Bistro staff has already commenced to explain the reasons for the decision and to present available options.

She noted that where vacancies exist and skills align, redeployment within the Hartlief business will be prioritised.

“Where feasible, reasonable short-term training or upskilling will also be considered to support placement into available roles,” the company explained.

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