2021-09-08Maihapa Ndjavera Acontinued weak economic environment coupled with the prevailing low interest rate environment due to Covid-19 impacted Standard Bank Namibia (SBN)’s results with profit after tax declining by 16.5% compared to the prior period. This is according to the bank’s interim financial statements for the six months ended 30 June 2021 released last week. View more
2021-09-09Maihapa Ndjavera Windhoek mayor Job Amupanda said the city will no longer be relying on what he referred to as “corrupt tenderpreneurs and developers” to deliver land and housing. Instead, the mayor said, the city is investigating new initiatives to solve its housing crisis. View more
2021-09-09Maihapa Ndjavera Mines and energy minister Tom Alweendo this week said establishing a local oil refinery will not promise cheap fuel for domestic consumption. He made these remarks on Tuesday in response to a question from United Democratic Front (UDF) parliamentarian Themistokles Murorua in the National Assembly. View more
2021-09-10Maihapa Ndjavera Popular Democratic Movement (PDM) parliamentarian Inna Hengari this week in the National Assembly stated that youth unemployment in Namibia is more than twice than that of adults. View more
2021-09-10Maihapa Ndjavera Industrialisation and trade minister Lucia Iipumbu said the successful development of a viable backward linkage between Namibia’s coffin manufacturers and timber harvesters would ensure the development of a key value addition outlet of local timber. View more
2021-09-13Maihapa Ndjavera A local economist believes Namibia’s mineral exports, which currently dominates the country’s export figures, is of little socioeconomic value when it comes to real productive diversification and value addition that ultimately creates much-needed jobs. View more
2021-09-14Maihapa Ndjavera Popular Democratic Movement (PDM) parliamentarian Nico Smit last week tabled a motion to establish a committee to investigate if the Bank of Namibia (BoN) is able to relax capital requirements for local financial institutions. In the same motion, Smit suggested the committee must investigate bridging finance for financial institution clients already in distress. View more
2021-09-21Maihapa Ndjavera Namibia recorded a decrease in electricity generation of about 69.2% from 2020 to 2021 in total; this was mainly due to the reduced generation from the Ruacana Power Station that went down by 85.7% in July 2021. View more
2021-09-22Maihapa Ndjavera The plan by the national rail service operator, TransNamib, to retrench 340 employees in the coming weeks, does not require government approval, as this decision lies entirely in the hands of the authority’s board. View more
2021-09-23Maihapa Ndjavera In addressing the impact of Covid-19, which had a severe negative impact on local economic activity and employment, in addition to general adverse impacts on the domestic economy, the Development Bank of Namibia (DBN), through loans to small to medium-sized enterprise (SMEs) created 2 620 jobs in total. View more
2021-09-23Maihapa Ndjavera Deputy finance minister Maureen Mbuende warned that for Namibia to allow Bitcoin, trading requires numerous engagements because cryptocurrency trading is a high-risk area requiring legal consideration from government. View more
2021-09-24Maihapa Ndjavera The Namibia Investment Promotion and Development Board’s (NIPDB’s) executive for strategy and branding Margareth Gustavo assured the nation that the delegation heading to the much-hyped Dubai Expo 2020 is positive they will attract investors to the Land of the Brave. View more
2021-09-27Maihapa Ndjavera Employees of the national rail service operator TransNamib last week embarked on a peaceful nationwide demonstration to show their frustration with contentious labour matters. View more
2021-09-27Maihapa Ndjavera Tertiary industries, also known as the services sector, pulled the domestic economy out of the doldrums after suffering through four successive quarters of negative growth. View more
2021-09-27Maihapa Ndjavera Decreased power generation from the Ruacana power station is linked to low water flow in the Kunene River from Angola due to a dry rainy season in that country. View more
2021-09-28Maihapa Ndjavera Trade minister Lucia Iipumbu yesterday said the main goal of the Buy Namibia campaign is to create a thriving local economy by maximising the potential of local businesses and increasing their market share. View more
2021-09-28Maihapa Ndjavera The business community in the Omaheke region recently showed up in favourable numbers and with the hunger to grasp the basics of financial management. View more
2021-09-30Maihapa Ndjavera A local insurer is seeking to expand its insurance coverage to the agricultural sector, aimed at compensating farmers affected by natural disasters such as drought. View more
2021-10-01Maihapa Ndjavera The decentralisation of government’s decision-making powers, responsibilities and financial resources, which is referred to as administrative decentralisation, has been more readily implemented in Namibia compared to fiscal decentralisation. View more