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.
Author: Maihapa Ndjavera (Maihapa Ndjavera )
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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.
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Sectors dependent on travel, govt spending to suffer longer
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.
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Covid intensified Namibian inequality…as 65% of Namibians live on less than US$5.5 a day
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.