The construction sector in Opuwo has really helped for growth of the town as well as for an amelioration in the local economy of that town. Local Economic Development officer Sean Makono said Opuwo said that the local economy “is booming”. He added that the construction sector is steadily improving. There are also many commercial and residential buildings under construction. “It is predicted...
Windhoek is the capital city of Namibia. Currently, most of the African capital cities are upgrading to provide its residents with the right house by proper planning and making sure that the engineering standards are attained. The working of any government is seen by the housing standards it provides to the citizens. In Namibian capital, 40% of the residents live in houses of low standards. The weak...
Windhoek is vastly known for its impressive and conspicuous cleanliness making it one of the cleanest cities in Africa. The capital city of Namibia has more remarkable facts apart from just being clean that makes is one of the good towns in Africa. Here are the eight points that make the town to be liked by many. Katutura According to the locals, the name Katutura means not wanting to associate with...
Finding cheap properties is not easy for people in the country and it is also true for the residents of Mariental. To face the current housing backlog, the Mariental municipality partnered with Dynamo Property Developers to develop a new extension at the town. In the new Mariental extension, 209 residential houses will be constructed for ultra-low, low and middle-income groups. “The selling of...
Despite evoking an improvement in the construction sector, Minister of Finance Calle Schlettwein feels this is likely to only occur in 2018. For the past year-and-a-half, the sector has known the severest economic circumstances since 2009 with a drop by 26 percent of the activity rate last year. According to latest figures, the contraction is even larger than that. “Recessionary pressures are...
Recently the current minister of finance explained in parliament that there was a serious need to optimise spending in this context of current economic uncertainty. But this situation does not mean that investing in property is a bad idea. Indeed, according to Standard Bank’s home loans sales manager, Caroline Orange, buyers have to take advantage of this period to buy much cheaper...
Only those who can afford to buy are allowed to urban land. Urban land is for sale and if the poor cannot afford to buy it, then they should stay on communal land instead of grabbing land. These were words said by Raphael Liswaniso, Katima Mulilo chief executive officer. His words came after the town council and the police demolished about 100 illegal structures last Thursday at the Lwanyanda compound...
Ohorogo Cement made available N$9 million to go towards housing for its employees. The money will help the purchasing of land, and cement contributions for the construction the houses. The managing director of the company, Hans-Wilhelm Schütte, said that this is the biggest highlight in the whole history of Ohorongo Cement as they created the first of many real and lasting legacies for the welfare of...
The average house in Namibia in June cost 6,4% more than a year ago. It represents a decrease compared to the period June 2015 - June 2016 when the increase was 11,6%. This was released in FNB Namibia's Housing Index in early November. As the economy only increased by 1,1% last year and with still jobs cuts in the country, disposable income is under significant pressure. As a result Namibian housing...
As the recession continues, consumers are keeping their purses tight and have deserted the shopping malls. The Bank of Namibia data revealed last week that Private Sector Credit Extended increased at a slower pace as consumers kept their distance from credit facilities to avoid spending. The motor industry and the economy as a whole are continuously straggling. Some sectors are affected more than...
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