Author: Maihapa Ndjavera (Maihapa Ndjavera )

During the third quarter of 2022, foreign direct investment into Namibia recorded a higher inflow, mainly due to equity injections for exploration activities as well as the uptake of intercompany loans. 

Dressed in a blue overall jacket and denim jeans, the principal of Green Leaves Primary School, Chanville Mackrill, and his teachers were ready to roll up their sleeves and build classrooms with corrugated zinc sheets and other materials they ordered to accommodate 600 learners.

Namibia’s current account balance worsened to a deficit of N$8.6 billion during the third quarter of 2022 compared to a lower deficit of N$7 billion in the corresponding quarter of 2021 and N$7.5 billion a quarter before. 

President Hage Geingob and his counterpart from Botswana Mokgweetsi Masisi on Sunday held a closed-door meeting at State House that focused on assessing the implementation strategies on decisions taken from the inaugural session of the Bi-National Commission between the two countries. 

Climate change is likely to have huge implications for Namibian society and its economy over the short, medium and long-term, an economist with the Institute for Public Policy Research (IPPR) Robin Sherbourne said.

 Escalating prices of foodstuff, especially cooking oil, have squeezed informal vendors, who eke out a living on the popular street food, vetkoek. 

The green shoots on the horizon for Namibia are amplified through efforts to develop a green hydrogen ecosystem, and the recent discovery of commercially viable oil reserves in the country. These are among the top projects for government to drive the economic growth for the year 2023. 

Finance ministry stated the Value-Added Tax Amendment Act 2022 became effective on Sunday, 1 January 2023. 

The new year came with a blessing, as fuel prices were reduced for January, a month that traditionally comes with huge financial burdens after the holidays.

Trade ministry executive director Sikongo Haihambo said the N$190-million-dollar Peugeot Opel Assembly Namibia (POAN) venture at Walvis Bay faces challenges related to the export of vehicles assembled in Namibia to South Africa (SA).