Author: Maihapa Ndjavera (Maihapa Ndjavera )

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.

​​​​​​​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.

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. 

The Black Business Leadership Network of Namibia (BBLNN) has reiterated its call for banks to roll out reasonable debt forgiveness to individuals and businesses.

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.

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.