Author: Maihapa Ndjavera (Maihapa Ndjavera )

An increase in the prime lending rate at commercial banks has direct implications for the debt-servicing cost of domestic households. 

Despite bankable innovations, many Namibian entrepreneurs still struggle to raise adequate venture funding, which is an essential aspect of developing scalable and
effective digital enterprises. 

Tough times are predicted for electricity consumers as Namibians need to prepare to face an expected double-digit electricity hike. 

Petroleum commissioner Maggy Shino has shared that a final investment decision is expected on the Kudu Gas project by next year. 

While legislators have taken issue with a paltry 5% royalty rate that Namibia receives from domestic mining operations, the Chamber of Mines vehemently opposes any suggestions of an increase. 

Members of Parliament have advised finance minister Iipumbu Shiimi to put on hold all controversial clauses in the Financial Institutions Markets Act (FIMA). These include the seemingly contentious pension preservation clause. 

Namibians have little choice but to continue tightening their financial belts and keep expenses at a minimum after the Bank of Namibia yesterday kept the repo rate unchanged at 7.75%.

Namibian Ports Authority CEO Andrew Kanime indicated that the organisation would now focus on strategic planning and market response to properly position the company as a major catalyst for Namibia’s development.