Author: Maihapa Ndjavera (Maihapa Ndjavera )

The newly-inaugurated Nedbank campus had a set mission to uplift local companies during the construction phase. Out of N$440 million in the value for the project’s contracts, N$429 million was spent on Namibian-owned companies. 

MTC income increased by 4.64% to N$1.45 billion largely as a result of continued data revenue, prepaid revenue growth and the continued expansion of enterprise services. 

The southern corridor development initiative in the //Kharas region, through a massive investment of US$10 billion by Hyphen Hydrogen Energy,

The International Monetary Fund (IMF) said the Russia-Ukraine conflict is a major blow to the global economy that will hurt growth and raise prices. 

President Hage Geingob encouraged Namibian financial institutions to continue holding hands with government by supporting the second phase of Namibia’s struggle – economic emancipation. 

Consumers, who are already struggling with massive increases in food prices and more expensive bank loans, will have to tighten their belts further, as government yesterday announced massive fuel price increases. 

As one of the immediate business rescue initiatives, the Business Rescue Task Force recommended government to protect Namibian entrepreneurs by ensuring foreigners do not trade in areas where Namibians have sufficient capacity. 

Government Institutions Pension Fund (GIPF) CEO David Nuyoma has highlighted some of the negative impacts of early pension withdrawals, saying the money on average lasts for a mere 18 months after individuals elect to resign before their retirement age. 

Consumers who tightened their belts during the last couple of years due to the impact of Covid-19, coupled with a persistent recession, recent fuel and food price hikes, were hammered again yesterday as the Bank of Namibia increased the repo rate with 25 basis points from 4% to 4.25%.