Sectors dependent on travel and government spending are expected to remain below their pre-Covid-19 levels for much longer than expected. The affected sectors include hotels and restaurants, transport, construction, public administration, defence and education.
Namibia remains one of the most unequal countries in the world, with a Gini score reported at 59.1 in 2015. The Gini Coefficient is also known as the Gini index, which is the statistical measure used for the distribution of income among the population of a country.
The Ohlthaver & List Group and their joint venture partner CMB.TECH yesterday launched Namibia’s first green hydrogen production plant to be built in the Erongo region.
Director for research and financial sector development at the Bank of Namibia, Emma Haiyambo, said the bank estimates a positive growth from 2021. This is after the domestic economy performed very poorly in 2020, registering a negative growth of 8.5%.
Black Business Leadership Network of Namibia (BBLNN) president Irene Simeon-Kurtz last Friday affirmed the decision to challenge the repossession of properties by commercial banks. She believes commercial banks are on an onslaught against the plight of black businesses in the country.
The head coach of Namibia Correctional Service (NCS) who are the reigning champions of the MTC Netball Namibia Premier League (NNPL), said their preparations for the Fast Five tournament tomorrow faced a bit of a challenge as they could not get enough training due to persistent rain over the past few days.
Bank of Namibia governor Johannes !Gawaxab believes the time is ripe for businesses to readjust their operational models in order to arrest the negative effects of the pandemic and revive the struggling economy.
The director of Hanganeni Artisanal Fishing Association (HAFA), Herman /Honeb, is outraged about illegal fishing activities in Henties Bay, Swakopmund and Walvis Bay. According to /Honeb, illegal fishing is compromising the price of high value fish for its members.
Outlining its agenda for 2022 during their annual general meeting this week, Team Namibia’s Business Manager at Outsol Solutions, Sidney Hanstein, said the organisation is ready to be a relevant and influential voice of business, products, and industries in Namibia.
The annual inflation rate for January 2022 increased to 4.6%, compared to 2.7% recorded in January 2021.