Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Local farmers encouraged to grow potatoes
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Local farmers encouraged to grow potatoes

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. 

90% of Namibian gemstones still exported rough
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90% of Namibian gemstones still exported rough

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.

Relaunched Covid loan scheme gains momentum
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Relaunched Covid loan scheme gains momentum

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.

Nored scrambles to settle NamPower debt
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Nored scrambles to settle NamPower debt

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. 

Tax evaders’ days numbered
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Tax evaders’ days numbered

Finance minister Iipumbu Shiimi warned that tax does not discriminate and thus urged all Namibian citizens to be compliant and pay tax as required. Shiimi further cautioned those trying to escape and avoid honouring their tax obligations to the revenue agency to be mindful because “it is just a matter of time”.