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Namibia shifts to electronic settlement to strengthen market confidence

WINDHOEK, Dec. 5 — Namibia on Thursday launched a Central Securities Depository (CSD) to improve market liquidity, making it easier for domestic and international investors to participate in the country’s securities market.

The CSD, developed by the Namibia Securities Exchange (NSX) in partnership with the Bank of Namibia and overseen by the Namibia Financial Institutions Supervisory Authority, replaces paper-based securities with a fully electronic system for registration, clearing, and settlement.

According to a joint statement, the launch followed regulatory reforms that lifted more than a decade of restrictions on establishing a CSD.

After receiving its license in March 2024, the NSX and the Bank of Namibia collaborated with market participants to design the new post-trade infrastructure, according to the companies.

The electronic platform is expected to shorten settlement cycles, reduce operational and counterparty risk, and provide transparent, real-time ownership records, while also streamlining corporate action processing and facilitating the transition to delivery-versus-payment settlement.

In the coming months, the NSX and the central bank will onboard all market participants, migrate existing securities into the electronic environment, and fully automate the new settlement framework, according to the statement.

Five institutions, including Rand Merchant Bank, Standard Bank Namibia, NSX Financial Market Services, the Bank of Namibia, and Nedbank Namibia, have been approved as CSD participants. (Xinhua)

December 5, 2025 0 comment
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(Special for CAFS) Namibia advances new strategy to mitigate climate change impacts

WINDHOEK, Dec. 5 — Namibia on Friday launched a review of its current Nationally Determined Contributions (NDCs) and the development of a new climate plan aimed at strengthening national resilience and addressing the growing impacts of climate change on communities across the country.

Speaking at the inception workshop, Uazamo Kaura, head of Sustainable Environment Management at the United Nations Development Program (UNDP) Namibia, said climate change is reshaping livelihoods across the country through increased water scarcity, drought, and pressure on health systems, infrastructure, and local economies.

She said the next generation of NDCs must move beyond reporting obligations and focus on practical measures that improve people’s lives, particularly in regions already experiencing severe climate stress.

Rural communities, small-scale farmers, women, and youth face the highest exposure with the least capacity to cope, she said, adding that in many parts of the country, “climate change is not a future scenario, it is a lived experience.

” She said that the review process will assess progress on climate mitigation and adaptation, identify gaps in capacity and finance, strengthen national priorities, and develop realistic pathways for implementation.

The initiative follows the outcome of the COP30 Global Ethical Stocktake in Brazil, which found that global efforts remain insufficient to keep the 1.5-degree Celsius temperature goal within reach.

According to UNEP, Namibia has an opportunity to align its next NDC with this global call for higher ambition while responding to local development needs.

“Climate action must enable secure access to water, food, energy, and income while supporting a just transition that benefits women, youth, and marginalized groups,” Kaura added.

Namibia is regarded as one of the most climate-vulnerable countries in Southern Africa, with recurrent droughts and extreme climate variability posing risks to key sectors, including agriculture, water resources, and rural livelihoods. (Namibia Daily News/Xinhua)

December 5, 2025 0 comment
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Israel says it killed Hamas commander trying to flee Rafah tunnel

JERUSALEM, Dec. 4 — Israel’s military said on Thursday it had killed a Hamas commander and his deputy during their attempts to flee a tunnel in southern Gaza.

The military said in a statement that Muhammad Jawad Muhammad al-Bawab, commander of Hamas’ Eastern Rafah Battalion, his deputy Ismail Kanaan Abd al-Hay Abu Labdeh, and two other members of the battalion were killed as they tried to emerge from underground infrastructure in eastern Rafah.

It added that “an intelligence analysis” confirmed their deaths.

Dozens of Hamas militants remain trapped inside tunnels in Rafah. Israeli forces and the Shin Bet said they have killed more than 40 Hamas militants who attempted to exit the tunnel.

Despite a ceasefire, Israel has continued to carry out daily demolitions of buildings and infrastructure, raids and strikes, killing at least 360 people and wounding 923 others in Gaza since October 11, after the ceasefire took effect, according to the Gaza health authorities. (Namibia Daily News /Xinhua)

December 4, 2025 0 comment
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Namibia president pledges intensified efforts against corruption

WINDHOEK, Dec. 4 — Namibian President Netumbo Nandi-Ndaitwah said on Thursday that her administration will intensify efforts to uphold ethical leadership and combat corruption, stressing that integrity and accountability are essential for the country’s development.

Speaking at the first Cabinet retreat of the eighth administration, Nandi-Ndaitwah said corruption weakens public trust and diverts resources from national priorities.

She urged ministers, regional governors and senior civil servants to demonstrate high standards of conduct in all government decisions, saying that ethical leadership is “non-negotiable” for those serving in public office.

Srengthening ethical governance forms part of wider measures to improve service delivery and ensure policies translate into tangible outcomes for citizens, said Nandi-Ndaitwah.

The president also emphasized the importance of national unity and social cohesion, saying strong institutions and stable governance remain central to Namibia’s long-term progress.

The two-day retreat brings together Cabinet members, governors and senior officials to review the administration’s priorities and prepare for the 2026 policy cycle. (Namibia Daily News/Xinhua)

December 4, 2025 0 comment
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Australia pledges 62 mln USD military support to Ukraine

CANBERRA, Dec. 4 — Australia on Thursday announced a 95 million Australian dollar (62.6 million U.S. dollar) new military support package for Ukraine that includes defense force material and equipment.

Defense Minister Richard Marles said, in a statement with Foreign Affairs Minister Penny Wong and Minister for Defense Industry Pat Conroy, that the new package will take Australia’s total support to Ukraine to over 1.7 billion Australian dollars.

The new military assistance support will consist of a 50 million Australian dollar contribution to NATO’s Prioritized Ukraine Requirements List, through which Ukraine is supplied with critical equipment, as well as 43 million Australian dollars of Australian Defense Force (ADF) material and equipment.

The ADF equipment will include tactical air defense radars, munitions and combat engineering equipment.

An additional 2 million Australian dollars will be contributed by Australia to the Drone Capability Coalition, which provides Ukraine with advanced drone technologies. (1 Australian dollar equals 0.66 U.S. dollars). (Namibia Daily News/Xinhua)

December 4, 2025 0 comment
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Life-threatening bushfire prompts evacuation warning in Australia’s Tasmania

MELBOURNE, Dec. 4 — Authorities in the Australian island state of Tasmania on Thursday urged residents on the outskirts of the capital city of Hobart to evacuate due to a life-threatening bushfire.

The Tasmania Fire Service (TFS) said in a warning issued shortly before 2 p.m. local time that residents of the town of Glenlusk, 12 km northwest of central Hobart, should evacuate immediately.

It said that an uncontrolled bushfire moving towards Glenlusk is expected to put lives in danger and could destroy homes.

“There is expected to be thick smoke, and showers of embers which may cause fires all around you,” the TFS said.

Residents who cannot safely leave the area have been advised to seek shelter in a building, in a large clear area or in a stationary car in a clear area to protect themselves from fire and radiant heat.

The Bureau of Meteorology (BoM) recorded maximum temperatures exceeding 30 degrees Celsius and wind gusts of over 100 km per hour in the Hobart area on Thursday. (Namibia Daily News/Xinhua)

December 4, 2025 0 comment
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31 Western Pacific countries test pandemic readiness in annual WHO simulation

MANILA, Dec. 4 — As health emergencies emerge at an accelerating pace, 31 countries and areas across the World Health Organization (WHO) Western Pacific Region took part in this year’s International Health Regulations (IHR) Exercise Crystal, an annual drill designed to test and strengthen pandemic preparedness.

In a statement on Thursday, the WHO said the simulation required participants to respond in real time to reports of a fictitious novel respiratory illness, assessing their ability to verify and share information with WHO, evaluate public health risks, and coordinate across sectors. The exercise also tested communication capacities mandated under the IHR.

Supported by the Pandemic Influenza Preparedness (PIP) Framework Partnership Contribution, this year’s drill focused on responding to novel influenza threats and assessing coordination mechanisms embedded in national pandemic plans.

The scenario also emphasized cross-border operations, enabling participants to practise public health measures at airports, seaports, and other points of entry. (Namibia Daily News/Xinhua)

December 4, 2025 0 comment
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Namibia appoints first-ever permanent female Supreme Court judge

WINDHOEK, Dec. 3 — Namibia has appointed its first female permanent judge to the Supreme Court, marking a milestone in the country’s judicial system.

President Netumbo Nandi-Ndaitwah made the appointment of Esi Malaika Schimming-Chase on the recommendation of the Judicial Service Commission, the Office of the Judiciary announced Tuesday.

Her term will begin on March 1, 2026. Schimming-Chase was appointed a High Court judge on April 1, 2021, and has served as an acting judge of the Supreme Court since her initial appointment in April 2023.

Before joining the Bench, she practiced as a member of the Society of Advocates from 2003 to 2021.

Alongside her appointment, the Judicial Service Commission also named five acting judges to the Supreme Court for one-year terms running from Jan. 1 to Dec. 31, 2026.

Schimming-Chase’s elevation marks a significant female appointment to a key national institution since Nandi-Ndaitwah became Namibia‘s first female head of state in March. (Namibia Daily News/Xinhua)

December 3, 2025 0 comment
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Namibia and the Power of Integration

Southern Africa’s electricity market is one of the most connected in the developing world. Twelve countries, including Namibia, South Africa, Zambia and Zimbabwe, exchange electricity through the Southern African Power Pool (SAPP), a regional market created in 1995 to coordinate cross-border supply and planning.

Shared market presents shared constraints when shortages in one system spill into another. South Africa generates about 80% of its electricity from coal, and breakdowns at ageing coal stations have triggered repeated rounds of nationwide load-shedding. Zambia offers a different fragility as almost all the electricity here comes from hydropower – drought has forced the utility to plan power imports for a shortfall that authorities put at about 700 MW in 2024.

Namibia’s position reflects both the challenge and the opportunity. About 60% of the country’s electricity is imported, mainly from South Africa, Zambia and Zimbabwe. Installed capacity is around 650 MW, anchored by the Ruacana Hydropower Plant, which provides roughly 70% of local generation. The government has set a target of 879 MW of installed capacity by 2025. These figures show how closely Namibia’s power system is linked to the wider region, where dependable blocks of energy are traded every day.

Nuclear power offers a realistic way to strengthen Namibia’s role within that regional network. It provides baseload electricity – continuous output that runs day and night and does not depend on weather conditions. That reliability is valuable inside Namibia and across the SAPP. A firm block of clean power in Namibia would reduce hours when imports are essential and create hours when exports are possible. It would also make it easier to absorb more solar and wind on both sides of the border, because a steady anchor helps balance variable output.

Namibia’s demand centres are scattered with mining operations in Erongo, coastal industry near Walvis Bay and urban growth around Windhoek. Small modular reactors would suit this layout because they can be deployed as separate units close to consumers and expanded gradually as demand increases. They could power industrial clusters directly and reduce the transmission losses that come with long-distance supply from a single site. Their modular design would also let Namibia scale generation as new industrial zones emerge.

Nuclear energy is not an alternative to renewables but a foundation that allows them to grow. Namibia can continue adding solar and wind while building a baseload source that keeps the system stable when the weather does not cooperate. In a regional market, predictability is as important as capacity. Buyers prefer contracts they can count on. Sellers benefit when they can offer power at set times, in set quantities, regardless of season. Baseload nuclear generation enables exactly that kind of trade.

A stable supply of clean electricity would also reshape Namibia’s economic and diplomatic position in southern Africa. Industries that rely on continuous power, including mineral processing, chemical production and advanced manufacturing, could expand with lower risk and more predictable costs. The same reliability underpins new export opportunities.

Namibia can develop its nuclear ambitions within established international frameworks that emphasise safety, openness and regulatory readiness. Cooperation with experienced suppliers such as Russia’s Rosatom and other major vendors under IAEA guidance would ensure that nuclear power complements, rather than replaces, continued investment in renewables and grid development.

The next steps would involve feasibility studies, local skills development and transparent regulation – all prerequisites for investor confidence and regional cooperation. If Namibia meets those conditions, nuclear power could anchor a clean-energy system that serves not only national goals but also the shared growth of southern Africa.

Southern Africa’s shared market depends on trust in each member’s ability to supply electricity when it is needed most. By adding a clean and continuous source of generation to its mix, Namibia can reinforce that trust and help stabilise a network that millions rely on. The reward extends beyond national energy security: it is the opportunity to make Namibia the backbone of a stronger regional grid – the country that turns southern Africa’s clean-energy ambitions into dependable power and steady growth.

December 2, 2025 0 comment
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Afghanistan approves 11 development projects

KABUL, Dec. 2 — The Afghan government’s national procurement commission has approved 11 development projects valued at 1.5 billion afghani (over 22.5 million U.S. dollars) to boost infrastructure, healthcare, and economic opportunities, the office of the deputy prime minister for economic affairs announced Tuesday.

The decision was made during a commission meeting chaired by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

Out of 30 proposals reviewed across multiple sectors, 11 strategic initiatives were granted final approval, according to the office’s statement.

The approved projects are projected to create thousands of employment opportunities for local communities, aligning with the government’s broader push to stimulate economic recovery and alleviate hardship in a country still rebuilding from decades of conflict, it said. (Namibia Daily News/Xinhua)

December 2, 2025 0 comment
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