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Posts by Edgar Brandt:
The latest data from the Ministry of Labour, Industrial Relations and Employment Creation indicates that during the second half of 2018 close to 2 500 people were retrenched from 128 locally-based companies. WINDHOEK - The N$190 million Peugeot assembly plant in Walvis Bay is still in the pre-series production phase that entails training employees and validating the production process. WINDHOEK – Two consecutive and substantial fuel price decreases in December 2018 and January 2019, combined with stable prices confirmed by the Ministry of Mines and Energy for February 2019, bring relief to not only motorists, but to all businesses and consumers at a time when the economy is still not gaining much momentum. WINDHOEK – Dinapama Manufacturing and Supplies, a wholly-owned local clothing manufacturer, has, in conjunction with the labour ministry, yesterday embarked on an initiative to improve productivity which, in turn, is expected to reduce costs and improve quality WINDHOEK – Namibia must take value addition within the fishing sector, which remains one of the country’s key economic sectors, to new heights in 2019. This is according to Fisheries and Marine Resources Minister, Bernhardt Esau, WINDHOEK – The Minister of Fisheries and Marine Resources, Bernardt Esau, is not happy with the coordination of activities in the country’s aquaculture stations, saying that production activities are still not sustainable WINDHOEK – Despite recent media speculation that the CEO of the Namibia Ports Authority (NamPort), Bisey /Uirab, has been tipped to take over at the helm of the beleaguered Namibia Airports Company (NAC), neither the NAC chairman, Dr Leake Hangala, nor the line minister, Minister of Works and Transport John Mutorwa, were willing to confirm the appointment. WINDHOEK – A sluggish and weak domestic economy in 2018 that is struggling to recover from an ongoing recession, following negative growth of 0.9 percent recorded in 2017, is taking its toll on both business and households WINDHOEK - Namibian Ports Authority, Namport, chief executive, Bisey /Uirab, has been in charge at what is arguably the best performing parastatal since April 2009. WINDHOEK – Finance Minister Calle Schlettwein says government is working around the clock to bring about some positive change and mitigate the risk of a downgrade by international rating agencies. WINDHOEK – Debmarine Namibia’s 2018 revenue increased 11 percent to N$8.9 billion, driven by increased production, improved consumer demand, competitive pricing as well as the weakening of the Namibia dollar against the US dollar. WINDHOEK – The mining sector, which is one of the most important sectors in in terms of Gross Domestic Product (GDP) contributions, will only continue to be an important factor to the domestic economy if new mines are discovered. WINDHOEK – The City of Windhoek recently spent close to N$5 million to upgrade their fleet with the purchase eight 2019 Volkswagen Golf VII GTi 2.0 TSi DSG vehicles. WINDHOEK – With the date of the tabling of the national budget confirmed for Wednesday, 13 March, 2019, economists have pointed out the bloated wage bill, under-performing public enterprises, including a review of the public sector, and the budget deficit as some of the most crucial aspects that Finance Minister, Calle Schlettwein, needs to address. WINDHOEK - One of the best ways to reduce the national budget deficit as a percentage of GDP is to promote economic growth. This is according local economist, Mally Likukela, who notes that if the economy grows then the government will increase tax revenue without raising taxes. WINDHOEK – It is estimated that 14 Independent Power Producers (IPPs) will in total invest approximately N$1.6 billion local and foreign direct investment into the electricity sector and ultimately into the Namibian economy. This is according to the Chairman of the Electricity Control Board (ECB), Gottlieb Hinda, who in the electricity regulator’s latest annual report noted that the 14 IPPs are ex WINDHOEK - After much speculations, Bisey /Uirab has been confirmed as the new Chief Executive Officer of the beleaguered Namibia Airports Company (NAC) which has been without a substantive CEO for about two years. WINDHOEK – The global airline industry is reeling in shock following the tragic accident in which the Boeing 737 800 Max from Africa’s biggest and most successful airline, Ethiopian Airlines, crashed shortly after take-off on Sunday morning. WINDHOEK - Namibia on Wednesday joined a growing number of nations and airlines around the world to ban Boeing’s 737 Max from operating at any of its airports. WINDHOEK – Paratus, the only Namibian telecommunications service provider to be active internationally, plans to invest a further N$114 million in local infrastructure during 2019.