Namibia’s construction sector is projected to remain in contraction during 2022 before recovering to growth in 2023. The sector is expected to contract by 2% in 2022 before expanding by 2.5% in 2023.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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Former Air Namibia pilots still in limbo
The majority of pilots of the now-defunct national airline had no choice but to accept contracting work outside the country when Air Namibia was forced into voluntary liquidation about a year ago.
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‘Tighten your belts’… massive fuel increase to push up inflation
Tomorrow, Namibian consumers will experience one of the largest-ever fuel increases in the country’s history when petrol will increase by N$1.20 and diesel will jump by N$1.30.
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Kunene a potential green hydrogen hub
A new anticipated engine of growth for the domestic economy is anticipated to revive Kunene after the region was recognised for its potential to host the country’s green hydrogen hub.
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Namibia pursues energy independence
Government is pursuing energy independence from a troubled Eskom and from the rest of its neighbouring countries in an effort to reduce the cost of electricity and thereby attract more meaningful investment.
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BIPA delivers despite recessionary year
Despite another recessionary year, the Business and Intellectual Property Authority (BIPA) delivered a strong financial performance, declaring a surplus of N$17 million, doing particularly well in its efforts to collect outstanding annual duties.
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PDM proposes informal sector association
Popular Democratic Movement (PDM) parliamentarian Johannes Martin on Wednesday tabled a motion in the National Assembly for the House to debate the establishment of an association for the informal sector.
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Shiimi tables ‘youth-centred’ budget… as analysts question road to economic recovery
Finance minister Iipumbu Shiimi yesterday tabled a N$61.5 billion budget for the 2022/23 financial year that indicated a total revenue projection of N$59.7 billion, some 11.7% higher than estimated revenue for the current financial year.
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ECB profit drops by 7.75%
An increase in the generation of electricity for own consumption by customers like solar rooftops, which is not subject to the Electricity Control Board levy, was one of the factors that contributed to a reduction in the volume of electricity supplied.
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BBLNN says DBN guilty as Inkumbi refutes allegations
The Black Business Leadership Network of Namibia (BBLNN) has reiterated its call for banks to roll out reasonable debt forgiveness to individuals and businesses.