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Posts by Maihapa Ndjavera:
The government is considering better ways of providing a clear roadmap on how natural resources, such as minerals, can be locally beneficiated to contribute to downstream industrialisation. One of the options is through the provision of feedstock and other inputs to the manufacturing industry in an environmentally sustainable way. Letshego Holdings Namibia presented the worst performer on the Namibia Stock Exchange (NSX) during the first quarter of 2021, as their share price was reduced by 28.6%. Other companies classified as worst performers were Oryx Properties, down by 8.9%, and Namibia Breweries down by 6.8%. Both retention and reallocation employment policies can help mitigate the severe socio-economic impact of the Covid-19 pandemic on workers. The African Continental Free Trade Area (AfCFTA) secretariat secretary general, Wamkele Mene yesterday congratulated Namibia on its excellent infrastructure, saying this is a solid foundation to benefit from the continental trade pact. President Hage Geingob was welcomed with a seat at the Holy Fire on Friday when he arrived at the traditional homestead of Namibia’s national leader late Chief Hosea Kutako, who passed away in 1970. NamWater revenue increased by N$52 million from N$1.624 billion to N$1.677 billion in the 2019/20 financial year, representing an increase of 3.2%. According to the corporation’s CEO, Abraham Nehemia, the overall financial strength of the corporation increased year-on-year, as the net equity position improved by 7%. Failure by some NamPower customers to honour their electricity debts yesterday landed them in hot water, as by 11h00, the corporation commenced with the suspension of services. The Covid-19 outbreak that reared its ugly head at the beginning of 2020 has harshly impacted economic activity across the globe to the extent that no country has been unaffected. The Rundu Town Council remains the biggest contributor to NamWater’s debtors’ book for the 2019/20 financial year. Namibia’s cattle country region, Omaheke, has taken on a diversification strategy to include crop farming and many residents now prefer to call it “the cattle and agro region”. The Bank of Namibia’s recently released 2019/20 annual report indicates an increase in cash demand, which may have been triggered by the uncertainties brought about by the Covid-19 pandemic as the public opted for cold, hard cash. Omu Kakujaha-Matundu, a senior lecturer at the University of Namibia (Unam), warned that any increase in food prices – no matter how small – places a huge burden on consumers and more so on low-income families.