Author: Maihapa Ndjavera (Maihapa Ndjavera )

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.

Finance minister Iipumbu Shiimi this week stated government is currently interrogating the state-owned-enterprise ownership policy at Cabinet level.

Namibia has secured about N$94 billion worth of investment opportunities with the potential to create 122 000 jobs, CEO of the Namibia Investment Promotion and Development Board Nangula Uaandja said yesterday. 

During a consultative meeting with the leadership of Rally for Democracy and Progress (RDP) at State House on Tuesday, Geingob stressed politicians should work together in developmental projects that uplift the local populace. 

Presidential advisor on constitutional affairs and private sector interface Inge Zaamwani-Kamwi yesterday cautioned Namibia to closely monitor the Russia-Ukraine conflict as it could impact the Namibian economy in different ways. 

The Namibian Agronomic Board says the country experienced an insufficient supply of onions and potatoes in January 2022. To rectify this imbalance, the country’s borders were reopened to imports of these crops without restrictions.