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.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
Letshego Bank’s home loans gain vitality
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.
Govt to spend N$9.2bn on interest…‘overshooting debt threshold robs youth future’
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 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.
Oil companies spent N$30 billion since 1990…in search of commercially viable hydrocarbons
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.
NamRA uncovers N$15.2m tax refund scam
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.
Schlettwein plugs Neckartal in Dubai
Agriculture minister Calle Schlettwein has promoted the Neckartal dam as a real investment opportunity.
TIPEEG under fire as MP demands audit report
The Targeted Intervention Programme for Employment and Economic Growth (TIPEEG) came under criticism in the National Assembly last week.
Namibia’s debt stock stands at N$125.8 billion …owes China N$2.1 billion, shy of 2% of total debt portfolio
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.
Gaps identified in procurement legislation…acquiring Covid-19 vaccines forced amendments
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.