Consumers who tightened their belts during the last couple of years due to the impact of the Covid-19 pandemic, coupled with a persistent recession, now have to reduce their spending even further because the Bank of Namibia yesterday increased the repo rate with 25 basis points from 3.75% to 4%.
The Institute for Public Policy Research is taking the fight against corruption to another level.
The Namibia Power Corporation (NamPower) imported 67.4% of power from neighbouring countries and the Southern African Power Pool (SAPP) market to meet the country’s electricity demand. This is an increase from 59% of the 2019/20 financial year.
With the high demand for fruit, particularly citrus, during the peak Covid-19 infections, Namibia’s fruits inflation remained significantly elevated. This resulted in fruit inflation increasing by 14.9% in December 2021 on the back of increasing demand and low supply.
The Teachers Union of Namibia (TUN) has threatened to take tough action against government if their call for salary increases continues to fall on deaf ears. This the TUN stated last week during a media briefing to address the issue of long overdue salary adjustments in the public sector.
Trade minister Lucia Iipumbu said micro, small and medium enterprises (MSMEs) are the roots of many economies around the globe and would play the same role in Namibia if supported and developed.
The Namibia Civil Aviation Authority (NCAA) in its 2020/2021 annual report states that revenue from the aviation industry remained minimal with overall revenue recorded during the period ended March 2021 down by 83% compared to the previous year.
Namibia, Kenya, Botswana, Rwanda and Ghana need rules of origin that will allow participation and further development of the automotive industry by new players in the sector.
Minister of agriculture Calle Schlettwein this week officiated the launch of the pilot electronic voucher (e-voucher) system for the Build Back Better urban agriculture programme.
After its campaigners scored victory in courts last year, marine phosphate mining is set to commence pending an environmental impact assessment of the licensed area.