Due to lack of serviced land and funding, the Namibia Housing Enterprise (NHE) only managed to provide 896 houses since 2016. The NHE is a state-owned enterprise mandated to deliver housing to low- and middle-income Namibian households by undertaking and financing housing projects.
Andre Messika Diamond, a supplier of polished diamonds to the luxury jewellery market that recently opened a polishing factory in Windhoek, this week opened the very first parcel of Namibian rough diamonds purchased from Namib Desert Diamonds.
Employees of the national rail service operator, TransNamib, will embark on a nationwide strike on Monday to show their frustration with contentious labour matters.
To escape the middle-income classification trap, Namibia must focus on building a diversified private sector.
The Namibia Revenue Agency (NamRA) yesterday launched an advanced ruling programme, which is an official written biding decision on classification, origin or valuation of goods prior to an import or export transaction.
Namibia’s largely monopolistic market structure and the dominant public sector create an uneven playing field to the detriment of the private sector.
As Namibia’s urban population is expected to increase from 52% to 60% by 2030, the country’s demand for formal housing is increasing with urbanisation and offers a key economic opportunity.
The European Union has officially adopted its multi-annual indicative programme for Namibia for 2021 to 2017. Through this programme, the EU commits to provide N$627.3 million (37 million euro) for the initial period of the programme, running from 2021 to 2024.
An astronomical increase in prices for household oils and fats, which increased by more than 15% in March 2022 compared to 9.4% recorded during the same time last year, is beginning to take its toll on informal traders.
For the month of May 2022, Namibia’s exports earnings stood at N$5.7 billion, down by 5.2% on monthly basis, while the imports bill amounted to N$10.2 billion, up by 1.9% on monthly basis resulting in a trade deficit of N$4.6 billion. This is up 12.3% when compared to 4.1 billion observed in April 2022.