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Posts by Maihapa Ndjavera:
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. 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. 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. 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. 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. The majority of pilots of the now-defunct national airline had no choice but to accept contracting work outside the country when Air Namibia was forced into voluntary liquidation about a year ago. Namibia’s construction sector is projected to remain in contraction during 2022 before recovering to growth in 2023. The sector is expected to contract by 2% in 2022 before expanding by 2.5% in 2023. The cancellation of the 2021 National Population and Housing Census, previously postponed and now called off, could have adverse effects on government’s planning and resource allocation. Diamond mining is projected to grow strongly in 2022 and 2023 as Debmarine Namibia’s new mining vessel is expected to commence production during the second quarter of 2022. Popular Democratic Movement parliamentarian Inna Hengari this week in the National Assembly said there cannot be talks about creating opportunities and injecting a substantial amount of investment into the youth, without speaking about access to information. Windhoek is to celebrate yet another housing development in the city’s upmarket Avis area. The new development will be known as Avis Smart Village. Local economist Robert McGregor believes government is spending money in the wrong places that will never translate into driving the economy forward. During an economic outlook discussion last week, he stressed the importance of utilising the development budget to drive long-term growth. Vivo Energy has taken the bold but necessary steps to install solar power systems at its retail sites to offset the escalating cost of electricity. Windoko ika amuhela hape mandu aka yahiwa kwasibaka sa Avis. Komponi yenca ikabizwa Avis Smart Village. Popular Democratic Movement (PDM) parliamentarian Geoffrey Mwilima last week tabled a motion in the National Assembly to debate the introduction of an insurance cover policy for farmers. The policy is proposed to fully compensate farmers in terms of damages caused by wildlife. Letshego Holdings Namibia has declared a dividend of 29.52 cents per ordinary share, which is payable by 3 June 2022, for the period ended 31 December 2021. This was confirmed last week in the bank’s financial results for the year under review. The National Unity Democratic Organisation has thrown its weight behind government’s green hydrogen project and called for its fast implementation, believing it would help turn around the domestic economy. The Namibian Agronomic Board says the country experienced an insufficient supply of onions and potatoes in January 2022. To rectify this imbalance, the country’s borders were reopened to imports of these crops without restrictions. Presidential advisor on constitutional affairs and private sector interface Inge Zaamwani-Kamwi yesterday cautioned Namibia to closely monitor the Russia-Ukraine conflict as it could impact the Namibian economy in different ways. During a consultative meeting with the leadership of Rally for Democracy and Progress (RDP) at State House on Tuesday, Geingob stressed politicians should work together in developmental projects that uplift the local populace.