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.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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Hanganeni takes issue with illegal anglers
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.
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Team Namibia aims to rebuild membership after Covid
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.
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Namibia records highest inflation since 2019
The annual inflation rate for January 2022 increased to 4.6%, compared to 2.7% recorded in January 2021.
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Consumers face higher credit cost…as central bank raises repo rate
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%.
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IPPR to challenge corruption complacency…doesn’t buy ‘lack of resources’ excuse
The Institute for Public Policy Research is taking the fight against corruption to another level.
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NamPower imported 67% of local electricity demand
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.
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Local fruit production remains crucial for product diversification
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.
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TUN threatens govt over salary increments
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.
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Small businesses can be the foundation of the economy…as trade ministry launches Know2Grow initiative
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.