2020-04-29Edgar Brandt As part of ongoing government efforts the Ministry of Finance on Monday allocated N$400 million, while the Social Security Commission (SSC) gave N$253 million to the National Employment and Salary Scheme for Covid-19 relief measures. View more
2020-05-07Edgar Brandt While more than half a million needy Namibians were approved for the emergency income grant (EIG) of N$750, hordes of the more than 394 000 unsuccessful applicants continue to inundate the Ministry of Finance with queries as to why they have not benefited from the Covid-19 relief grant. View more
2020-05-08Edgar Brandt Alexandre de Juniac, the Director General of the International Air Transport Association (IATA) is leading an urgent appeal to global financial institutions to support Africa’s travel and tourism industry. Speaking from IATA’s head office in Geneva, Switzerland, De Juniac said the industry has been decimated by Covid-19 and its associated travel restrictions. View more
2020-05-12Edgar Brandt Air Namibia, as a member of the International Air Transport Association (IATA), does not support social distancing protocols on its aircraft as this would leave its ‘middle seats’ empty and result in the cost of air-tickets becoming costly. View more
2020-05-13Edgar Brandt The Namibia Informal Sector Organisation (NISO) has appealed to the country’s lawmakers to allow the informal economy to resume their activities. View more
2020-05-18Edgar Brandt A trending WhatsApp stokvel is on Bank of Namibia’s (BoN) radar and while the central bank is still determining whether the scheme is permissible under the relevant provisions of the Banking Institutions Act, it has cautioned the public to be careful in promoting or participating in such schemes. View more
2020-05-20Edgar Brandt As Namibia and the rest of the world have been grappling to deal with the prevailing Covid-19 pandemic, the prices of certain products in the country have increased by as little as 14% while some have gone up by as much as 100%. View more
2020-05-22Edgar Brandt Economists expect a substantial increase in the resource allocation towards the social sectors and have even suggested another emergency income grant (EIG) to stimulate economic growth when finance minister Iipumbu Shiimi tables his first national budget next week. View more
2020-05-27Edgar Brandt City of Windhoek councillor Brunhilde Cornelius has cited the Local Authorities Act of 1992 in saying the legislation does not empower the municipality to provide any telecommunications services. View more
2020-05-28Edgar Brandt Finance minister Iipumbu Shiimi yesterday tabled a N$72.8 billion national budget, largely aimed at restarting a Namibian economy that – just as the rest of the world – has been brought to its knees by the Covid-19 pandemic. View more
2020-05-29Edgar Brandt The outbreak of the Covid-19 pandemic has changed the direction of government’s fiscal policy from fiscal consolidation to mitigation of the spread and impacts of the virus in the country. Additional expenditure has been considered to provide for the fight against Covid-19, increasing the already high government spending, while revenue is expected to fall to the lowest level. View more
2020-05-29Edgar Brandt Given the challenging economic landscape, comprised of sluggish business activity brought about by the Covid-19 lockdown, coupled with the prolonged recession, finance minister Iipumbu Shiimi on Wednesday said now is not the time to introduce new taxes. As a result, previously announced Income Tax and Value Added Tax proposals, such as a dividend tax for residents, taxation of trusts and subject View more
2020-06-03Edgar Brandt Namibia’s debt is projected to increase to N$117 billion, or almost 69% of GDP, while revenue will be down 14.3% compared to previous estimates for the 2020/21 financial year. View more
2020-06-04Edgar Brandt The new Governor of the Bank of Namibia, Johannes !Gawaxab believes the central bank’s mandate is not just to deliver on traditional roles such as monetary policy and financial stability, but is also about delivering on an economy that provides prosperity to the country. View more
2020-06-08Edgar Brandt While Namibia’s relative budgetary allocations are subject to realignment over time, key development priorities for the country lie in balancing the needs of the social sector and that of the economic sector to bring about improved quality of life, economic diversification, inclusive growth and shared prosperity within an environmentally sustainable manner. View more
2020-06-09Edgar Brandt President Hage Geingob and his administration have been commended by a local economics lecturer for the Harambee Prosperity Plan’s (HPP) overall goals and outcomes execution rate of 70%. View more
2020-06-09Edgar Brandt Popular Democratic Movement (PDM) parliamentarian Nico Smit has charged poverty eradication has long been a slogan used by government to rally voters during elections. View more
2020-06-10Edgar Brandt Some of the sectors hardest hit by the Covid-19 pandemic in the Namibian economy are tourism, transport and logistics as well as education, areas all of these areas will require much-needed government intervention to recover. View more
2020-06-10Edgar Brandt The authorities in China will screen and recommend a shortlist of Chinese companies operating in Namibia for the much-anticipated upgrading and expansion of the Hosea Kutako International Airport. View more
2020-06-15Edgar Brandt Chief executive officer of the Business and Intellectual Property Authority (BIPA), Vivienne Katjiongua, conceded that the authority’s online system is not as efficient as it was hoped to be. View more
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