Author: Maihapa Ndjavera (Maihapa Ndjavera )

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. 

Namibia continues to accumulate debt while failing to produce much-needed economic growth. 

Relevant prudential watchdogs are have been working to regulate investment in virtual assets and are drafting a framework for virtual assets and service providers.

Excellent volume growth in South Africa, encouraging exports and sound cost management delivered strong results for Namibia Breweries Limited (NBL) for the year ended 30 June 2022. The impressive results are despite a decline in Namibian beer volumes. 

Supporting a motion in the National Assembly this week, Popular Democratic  Mo v e m e n t ( P DM ) parliamentarian Elma Dienda called on government to ensure every Namibian is guaranteed access to water while allowing residents to start afresh with current and new water payments. 

Namibia is battling with high public debt, and it remains imperative for the country to invest in productive sectors that will help repay these debts.