Author: Maihapa Ndjavera (Maihapa Ndjavera )

Namibia’s real effective exchange rate appreciated in 2021, signalling a decline in the competitiveness of Namibia’s products on international markets.

Deputy finance minister Maureen Hinda-Mbuende has assured the nation that the newly-created Sovereign Wealth Fund, known as the Welwitschia Fund, was created as an important revenue source to ensure Namibian resources benefit future generations.

The Roads Authority (RA) believes the opening of the 52km Namalubi-Isize-Luhonono road in the Zambezi region is of outmost importance.

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.