Author: Maihapa Ndjavera (Maihapa Ndjavera )

Attracting investments remains at the top of Namibia’s economic agenda. 

The Agricultural Bank of Namibia has bemoaned the current high interest rate environment, stating that it is becoming increasingly difficult to source affordable capital to pass on to the agriculture sector at affordable rates. 

Namibians will soon find out if they are going to have to fork out more of their hard-earned dollars, just to keep the lights on. This is after Namibia Power Corporation requested a 16.87% increase in electricity tariffs for the 2023/24 year. 

Hollard Namibia and Gondwana Collection yesterday announced a settlement regarding Gondwana’s Covid-19 business interruption claim, with each reinforcing their commitment to supporting the Namibian economy in the financial services and tourism sectors. 

Engagement on relevant investment laws and regulations is part of the Namibia Investment Promotion and Development Board (NIPDB) mandate, considering the impact of the policy environment on investment and the need to provide policy certainty to current and potential investors. 

Namibia has secured about N$161 billion worth of investment opportunities as at March 2023 with the potential to create more jobs.

Global food prices are set to provide relief to consumers for the year 2023, and Namibians will also benefit from the phenomenon. 

Recognised for its highly stable political and economic environment, Namibia is one of Africa’s gems. Considered among the safest democratic nations in Africa, the country offers impressive infrastructure and excellent quality of life. 

Total debt as a percentage of gross domestic product (GDP) stood at 65.9% at the end of December 2022. This is 5.9 percentage points above the Southern African Development Community (SADC) benchmark of 60% of GDP. 

The National Housing Enterprise and Public Service Union of Namibia on Monday signed an agreement to end the employees’ industrial action that started on 24 February 2023.