Author: Maihapa Ndjavera (Maihapa Ndjavera )

The cumulative number of household borrowers in Namibia increased by 6.9% quarter-on-quarter and by 4.5% year-on-year to 244 697 beneficiaries by December 2022. 

Namibian Competition Commission (NaCC) CEO Vitalis Ndalikokule yesterday said the commission is well awake to take action to prevent unfair business practices.

Namibia is expected to produce a very low tonnage of potatoes this year, failing to meet higher domestic demand. This is according to figures shared by the Namibia Agronomic Board in its April to August 2023 vegetable production forecast report. 

The incoming board of directors at the Namibia Water Corporation (NamWater) has been urged to keep an eye on a potentially catastrophic water situation for the capital city.

Local content procurement requirements create a number of significant corruption risks.

Trade minister Lucia Iipumbu stated that more than 90% of the gemstones leave Namibia in a rough form, which translates into a loss of jobs and revenue for the domestic economy. Gemstones are precious or semi-precious stones that, once cut and polished, are used in jewellery.

Government’s relaunched scheme is starting to play a more meaningful role in supporting the growth and sustainability of small and medium enterprises (SMEs), with over N$85.9 million or 17.18% disbursed to 80 SMEs across the country. This figure was released on Friday by central bank spokesperson Kazembire Zemburuka.

The national rail service operator, which faces the dual challenge of an ageing and deteriorating railway infrastructure and outdated rolling stock, was this week painted as a concerning picture of management and governance practices.

Works and transport minister John Mutorwa said there should be fairness and equity in all regions in terms of road infrastructure for no one to be left out.

NamPower remains adamant it will disconnect the electricity supply of defaulting customers as of 5 June 2023 if those customers fail to honour their debt by the end of this month, but Nored has said it is trying to find a way out of its crisis.