2022-06-16Edgar Brandt Mortgages charged at 9% will increase to 9.5%Home Loan Old instalment New instalment DifferenceN$1 million N$8 997.26 N$9 321.31 N$324.05N$1.5 million N$13 495.89 N$13 981 N$486.08N$3 million N$26 991.78 N$27 963.94 N$972.16 View more
2022-06-16Edgar Brandt The Deputy Minister for Industrialisation and Trade, Verna Sinimbo has urged for a well-balanced multilateral trading system that she says should promote trade in a manner that redresses the imbalance in the share of world trade between developed and developing countries. View more
2022-06-17Edgar Brandt Plans are well underway to transform the Ministry of Public Enterprises into a holding company to provide State-owned entities the agility to adjust to economic conditions and to derive meaningful return on investment for the Namibian people. View more
2022-06-20Edgar Brandt Preliminary investigations by the Namibian Competition Commission (NaCC) have found that some local insurance companies have contravened the law by entering into exclusive agreements with various windscreen retailers. View more
2022-06-20Edgar Brandt AfriTin Mining is convinced it has discovered one of the biggest lithium resources in the world right here in Namibia. Lithium is one of the most sought-after metals in the world right now as its most important use is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. View more
2022-06-23Edgar Brandt According to stock brokerage Simonis Storm Securities (SSS), rising interest rates and the probability of another 100 basis points repo rate hike before the end of the year is expected to weigh heavily on household budgets, which are already stretched due to high food and fuel prices. View more
2022-06-24Edgar Brandt The distance to markets has been replaced by demand for goods and services as one of the main challenges Namibian businesses face in the current economic climate. Other obstacles to doing business in the country consist of access to and cost of finance, as well as cost of utilities. View more
2022-06-28Edgar Brandt The latest actuarial report on the Government’s Institutions Pension Fund (GIPF) indicates benefits paid by the fund currently exceed contributions collected. View more
2022-06-28Edgar Brandt Finance minister Iipumbu Shiimi has reiterated the stance that government is working hard to diversify the economy and to promote a sustainable economic recovery. View more
2022-06-29Edgar Brandt The Central Procurement Board of Namibia (CPBN) has terminated a N$35.5 million contract with Neu-Olulya Trading CC for the construction of phase one (b) of the Nkurenkuru Vocational Training Centre (VTC) in the Kavango West region. View more
2022-06-29Edgar Brandt The decision last week by Fitch Ratings to downgrade Namibia reflects monumental bad timing, which is grossly premature and unjustified. View more
2022-07-01Edgar Brandt Canadian oil and gas company Reconnaissance Energy (ReconAfrica) and its joint venture partner, the National Petroleum Corporation of Namibia (Namcor), have confirmed spudding of the first of four wells on 25 June 2022 that were identified with previous exploratory drilling. View more
2022-07-04Edgar Brandt A local economist has warned that Namibians can expect even more fuel price increases and associated inflationary pressure for the foreseeable future. View more
2022-07-05Edgar Brandt The Southern African Customs Union (Sacu) member states have agreed to refocus the bloc’s work programme on industrialisation through the development of regional value chains, export, and investment promotion. View more
2022-07-06Edgar Brandt While the government’s diamond seller, Namib Desert Diamonds (Namdia) has already appointed its general manager for sales and marketing, Lelly Usiku, as acting chief executive officer (CEO), the inaugural CEO, Kennedy Hamutenya, has taken his bid to stay on for another five years to the office of the labour commissioner. View more
2022-07-07Edgar Brandt Specific initiatives being investigated between Namibia and Germany include whether NamPower could off-take cheap clean dispatchable electricity from the first green hydrogen project to satisfy domestic View more
2022-07-07Edgar Brandt Both the Namibia Revenue Agency (NamRA) and trade ministry need to be more flexible and have shorter turnaround times. View more
2022-07-12Edgar Brandt The Namibia Financial Institutions Supervisory Authority (Namfisa) has confirmed the postponement of the implementation of the Financial Institutions and Markets Act (Fima). View more
2022-07-13Edgar Brandt A deadlock on dealer margins and a dispute on retail profit encroachment have service station owners threatening to bring the domestic economy to its knees. View more