Author: Maihapa Ndjavera (Maihapa Ndjavera )

Namibia’s total debt stock currently stands at N$125 824 705 809. Of that amount, 26% is foreign debt while 74% is domestic debt.

The outbreak of the Covid-19 pandemic has taught local administrators numerous lessons insofar as public procurement is concerned. This is particularly relevant with respect to the procurement of Covid-19 vaccines. 

Founder  of  Ombu Capital Vetumbuavi Mungunda yesterday said the lack of rural economic activities would lead to even more urban migration that will bring about  more  challenges  in  urban areas.

Recently, a joint venture consisting of Shell announced the discovery of oil offshore. Soon after that, another joint venture consisting of TotalEnergies made a similar announcement, with Qatar Energy and the National Petroleum Corporation of Namibia (Namcor) partners in both discoveries.

The Namibian Competition Commission has initiated two investigations into the banking sector on account of discriminatory practices. 

Consumers in the Khomas region are expected to tighten their belts even further as inflation in the region is on an upward trajectory. The zonal inflation rates for the month of February 2022 revealed that Khomas region recorded the highest annual inflation rate of 5.3%.

For the month of January 2022, Namibia’s export earnings stood at N$7.6 billion, representing a decrease of 24% monthly, while the imports bill amounted to N$11.7 billion, down by 6% on a monthly basis. 

Popular Democratic Movement (PDM) president McHenry Venaani has described Namibia housing situation as distressing, specifically informal settlements that he said is “shocking”.

President Hage Geingob has charged all ministers to ensure they implement to the letter projects under their portfolios, including those contained in the fifth National Development Plan and the Harambee Prosperity Plan II without delay.