Author: Maihapa Ndjavera (Maihapa Ndjavera )

Contributing to the Abolition of Payment by Cheque Bill in the National Assembly on Tuesday, Popular Democratic Movement (PDM) parliamentarian, Elma Dienda, shared her concerns on contactless technology as a regular payment method.

Owing to the profitability indexes, Namibia’s financial sector is dominantly occupied by foreign investors and most of the profits recorded leave the country to parent companies outside Namibia.

Namibia acquired a loan of N$2.3 billion from the African Development Bank to co-finance the second phase of Namibia’s governance and economic recovery support programme (GERSP II).

South African-based airline Airlink is acquiring a 40% strategic equity holding in privately-owned Windhoek-based Fly Namibia. The announcement was made on Wednesday during a media briefing.

The slowdown in sales activity, particularly within the small housing segment, which has historically dominated the market, presents a huge risk for the development of the housing market and economic recovery in general.

Government’s public debt has been increasing at a rapid speed over the years, leaving behind a much-needed component of economic growth. 

The Bank of Namibia is expected to apply to the High Court today for the liquidation of Trustco Bank Namibia, a subsidiary of Trustco Group Holdings. 

Economic activities continue to unfurl, registering a positive outturn for five consecutive quarters since 2021. 

Contributing to a motion in the National Assembly on Tuesday, Popular Democratic Movement (PDM) parliamentarian Elma Dienda made it clear that government’s electricity debt should not be written off, particularly for offices, ministries and agencies (OMAs) that have been in arrears for years.

The trade ministry has embarked on an awareness campaign to share information and deliberate on issues of consumer protection and liquor licensing.