NAMCOR DEFENDS FUEL PROCUREMENT ARRANGEMENT

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The National Petroleum Corporation of Namibia (NAMCOR) considers the current fuel procurement arrangement to be commercially beneficial and aligned with its national objectives.

PRESIDENT ENCOURAGES YOUNG NAMIBIANS TO WRITE

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President Netumbo Nandi-Ndaitwah has called on young Namibians to write, saying that literature and novels influence people's lives in one way or another.

SECTOR LEADERS URGED TO PUT NATIONAL INTEREST FIRST

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President Netumbo Nandi-Ndaitwah has called on leaders across all sectors to place the interests of the people and the nation above all.

She made the call at the launch of a book titled "Building Namibia's Future", authored by Ndahafa Mutongolume in Windhoek.

CENTRAL NAMIBIA DAMS IN STRONG POSITION

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The three-dam system that provides water to the Central Areas of Namibia is said to be in a strong position. 

Currently, the Von Bach, Swakoppoort and Omatako dams that supply the central area of Namibia have a combined storage of about 82 million cubic metres, representing 53.1% of their total capacity.

GOVERNMENT TO CUT FISCAL DEFICIT TO 3.3% BY 2028/29

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The government has committed to reducing the fiscal deficit from 5.5% of Gross Domestic Product (GDP) in the 2026/27 financial year to 3.3% by 2028/29. 

The country's fiscal position is currently said to be weak with limited fiscal buffers, failing revenues and high spending needs. 

NAMIBIA FACES FISCAL PRESSURES

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Namibia's fiscal position is said to be weak, with limited fiscal buffers, failing revenues and high spending needs. 

It is for this reason that the prime minister says the government has committed to reducing the fiscal deficit from 5.5% of Gross Domestic Product (GDP) in 2026/27 to 3.3% by 2028/29.