Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Slow economy concerns ECB
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Slow economy concerns ECB

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. 

Standard Bank profit declines 12%
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Standard Bank profit declines 12%

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.