Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Households struggle to service loans
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Households struggle to service loans

An increase in the prime lending rate at commercial banks has direct implications for the debt-servicing cost of domestic households. This places additional strain on already vulnerable households severely weakening their ability to service both interest and capital repayments. This is substantiated by the growth in household debt.

Reduced electricity consumption a concern for ECB
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Reduced electricity consumption a concern for ECB

The Electricity Control Board’s (ECB) financial position remains sound, but the reduced electricity consumption levels over the past five years are not expected to recover instantly, given the prevailing economic downturn, which remains a concern for the ECB’s future revenue projections. 

Public advised to use resources prudently
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Public advised to use resources prudently

Mines and energy ministry’s spokesperson Andreas Simon said the ministry remains fully aware of the negative impact that high fuel prices inflict on motorists; hence, the public is advised to use scarce resources more prudently during these tough economic times. 

Namibia, Finland to secure smart, sustainable solutions
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Namibia, Finland to secure smart, sustainable solutions

President Hage Geingob yesterday said he and his Finnish counterpart held fruitful discussions based on the long-standing relationship between the countries, but took issue with a visiting journalist’s question on the fear that Namibia’s recent massive energy projects might lead to the country being recolonised.

Iipumbu: Namibia is open for business
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Iipumbu: Namibia is open for business

Trade minister Lucia Iipumbu said Namibia is ready and open for business and in her pursuit to attract tangible investments, the government is deliberate in ensuring a conducive investment climate, which is supported by progressive regulatory and policy frameworks.