Author: Maihapa Ndjavera (Maihapa Ndjavera )

Energy minister Tom Alweendo assured the world that Namibia is by all means considering to put the Namibian community first in reaping benefits from the new burgeoning industry of green hydrogen.

After four years of running around to source funding, the national rail operator has finally secured a long-term loan of N$2.6 billion to implement its five-year business plan. This as TransNamib hits the track to profitability to plug its bleeding balance-sheet and stabilise its revenue. 

More than 418 000 Namibians are employed in the informal business sector. This speaks volumes, as it is widely recognised that informal businesses, particularly in developing countries, are a catalyst for economic growth. 

Although the Electricity Control Board (ECB)’s financial position remains relatively sound, the institution’s levy income continues to decrease due to a significant slowdown in economic activities. This deterioration of economic activities remains a concern for ECB revenue in the future. 

Since last year, the International Finance Corporation (IFC) has partnered with Pan-African finance organisation Letshego Bank Namibia (LBN) to increase access to affordable housing finance for thousands of individuals in Namibia.

Namibia is scheduled to pay domestic and international creditors some N$9.2 billion in interest, not including the value of the bonds due for redemption. 

Standard Bank Namibia (SBN) has not shaken off the adverse impact of Covid-19 in its full-year results after the bank recorded a decline in profit after tax of 11.9% for 2021, from N$421 million of 2020 to 371 million in 2021.

Vice chairperson of Namibia Petroleum Operators Association (NAMPOA) Bridget Venner last week stated that over N$30 billion has been spent in the country by foreign investors since independence.

The Namibia Revenue Agency (NamRA) has uncovered a scam involving the payment of refunds worth N$15.2 million that the agency attributes to a criminal syndicate. 

Agriculture minister Calle Schlettwein has promoted the Neckartal dam as a real investment opportunity.