Author: Maihapa Ndjavera (Maihapa Ndjavera )

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).

The juggernaut that Namibia’s green hydrogen industry is expected to become moved one step closer to fruition after one of the four successful applicants for pilot projects, the Daures Green Hydrogen Village (DGHV), was launched in Windhoek on Friday. 

Namibian Business Hall of Fame (NBHF) held its induction ceremony for the 2022 nominees on Saturday night in the capital. Since 2004, each year, the NBHF honours entrepreneurs and business leaders who continue to set outstanding and exemplary leadership in contribution to national development goals and the socio-economic development of Namibia.