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.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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.
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%.
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.
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.
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.
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.
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.
NCAA’s overall revenue drops by 83%
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.
Development levels should guide rules of origin …as automotive industry prepares for free African trade
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.