Namibia’s real effective exchange rate appreciated in 2021, signalling a decline in the competitiveness of Namibia’s products on international markets.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
Mikwakwa yeminca imbweshafaza mupilelo mwa Zambezi
Katengo kakabona zakuyaha mikwakwa ili kakazibahala kaRoads Authority (RA), kalumela kuli kukwalulwa kwamukwakwa walibima zemashumi aketalizoho kazepeli, obizwa Brendan Simbwaye kikwabutokwa hahulu.
Welwitschia Fund to secure benefits for future generations…as BoN declares record-high dividend of N$413.7 million
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.
New roads improve Zambezi livelihoods
The Roads Authority (RA) believes the opening of the 52km Namalubi-Isize-Luhonono road in the Zambezi region is of outmost importance.
Grassroots to benefit from green hydrogen
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.
Development cash keeps TransNamib rolling
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.
Red Cross unveils monetary support for informal sector
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.
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.
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.