Author: Maihapa Ndjavera (Maihapa Ndjavera )

The Namibia Competition Commission (NaCC) has concluded the pension fund administrators’ market can be considered an oligopolistic market. 

As a revenue alternative, the Road Fund Administration (RFA) has reiterated its stance that toll roads are a possible solution to collect taxes to fund road infrastructure in the country. 

Namibia Investment and Promotion Development Board (NIPDB) CEO Nangula Uaandja has reiterated that Namibia continues to export much-needed jobs to other countries. 

At the launch of Namibia’s One Stop Centre for investors on Friday, trade minister Lucia Iipumbu said this development is a crucial investment facilitation mechanism, where relevant government offices are coordinated at a single point to provide prompt, efficient and transparent services to investors. 

The public debt stock is expected to increase to N$138.4 billion, equivalent to 69.6% of gross domestic product in FY2022/23. This shocking figure was shared by the finance minister Iipumbu Shiimi last week as he tabled a 2022/23 mid-term budget review in the National Assembly.

Rapid population growth at Osona Village near Okahandja necessitated the upgrade of the power grid from 1MVA to 2MVA. The residential and commercial property area has over 8 000 residents and more than 1 600 housing units. 

Hyphen Hydrogen Energy, originally proposed a standstill on development of other hydrogen projects until the end of a defined feasibility period as well as a ‘most favoured project’ obligation on the part of Namibian government.

Agriculture minister Calle Schlettwein has accused South Africa of over pricing sugar sold locally and of taking advantage of an agreement that prohibits Namibia from buying sugar from other countries. 

Ambassador of the European Union (EU) delegation to Namibia Sinikka Antila, yesterday said Namibia’s exports to the EU market has grown by 50%, and at one point reached €36 billion (about N$650 billion) while imports only grew by 8.9%.

Yesterday, the Namibian Employers Federation (NEF) released some shocking figures with regards to the negative effects of Covid-19 on the local economy. In 2019, 158 companies and in 2020 some 52 companies filed for liquidation in the High Court.