To contact the author and editorial staff send an email to firstname.lastname@example.org
Posts by Maihapa Ndjavera:
More than 418 000 Namibians are employed in the informal business sector. This speaks volumes, as it is widely recognised that informal businesses, particularly in developing countries, are a catalyst for economic growth. After four years of running around to source funding, the national rail operator has finally secured a long-term loan of N$2.6 billion to implement its five-year business plan. This as TransNamib hits the track to profitability to plug its bleeding balance-sheet and stabilise its revenue. Energy minister Tom Alweendo assured the world that Namibia is by all means considering to put the Namibian community first in reaping benefits from the new burgeoning industry of green hydrogen. The Roads Authority (RA) believes the opening of the 52km Namalubi-Isize-Luhonono road in the Zambezi region is of outmost importance. Deputy finance minister Maureen Hinda-Mbuende has assured the nation that the newly-created Sovereign Wealth Fund, known as the Welwitschia Fund, was created as an important revenue source to ensure Namibian resources benefit future generations. Katengo kakabona zakuyaha mikwakwa ili kakazibahala kaRoads Authority (RA), kalumela kuli kukwalulwa kwamukwakwa walibima zemashumi aketalizoho kazepeli, obizwa Brendan Simbwaye kikwabutokwa hahulu. Namibia’s real effective exchange rate appreciated in 2021, signalling a decline in the competitiveness of Namibia’s products on international markets. Daogu ǂGaeǂgui!nans (RA) ge ra ǂgom, Namalubi-Isize-Luhonono daob, 52 kilometerga ra Zambezi ǀkharib !nâ !khoeb di ǀhui-amhes nē ǀkharib !aroma kai ǂâibasens tsî harebesa !khōǂgā hâsa. According to Namibia’s household national data, there are 235 884 rural households, of which 35 855 are connected to the grid, while 18 324 have access to solar energy, giving rural electrification a rate of 20%. Urban and rural development minister Erastus Uutoni stressed to financiers in the private sector that people need shelter and not luxury homes that trigger housing costs and leave out low-income earners who are in need of housing. After an eventful six months of promoting Namibia as an investment and tourist destination at the Expo 2020 Dubai, the Namibian Pavilion has officially closed its doors as the curtain falls. Finance minister Iipumbu Shiimi pointed out the contradiction of some parliamentarians lamenting the size of the budget deficit and consequently the increase in government debt, while still advocating for the increase in civil servants’ wages. The legislative framework, rationale and subsequent adopted approach used to launch Namibia’s green hydrogen request for proposal has been explained by the country’s green hydrogen commissioner, James Mnyupe. The Namibia Revenue Agency (NamRA) through the electronic tax relief programme, which ended on 31 January 2022, waived a total amount of over N$11 million in penalties. This was revealed by NamRA commissioner Sam Shivute at the occasion of taxpayers and traders appreciation day held last week. Consumers who tightened their belts during the last couple of years due to the impact of Covid-19, coupled with a persistent recession, recent fuel and food price hikes, were hammered again yesterday as the Bank of Namibia increased the repo rate with 25 basis points from 4% to 4.25%. Government Institutions Pension Fund (GIPF) CEO David Nuyoma has highlighted some of the negative impacts of early pension withdrawals, saying the money on average lasts for a mere 18 months after individuals elect to resign before their retirement age. As one of the immediate business rescue initiatives, the Business Rescue Task Force recommended government to protect Namibian entrepreneurs by ensuring foreigners do not trade in areas where Namibians have sufficient capacity. Prices for household oils and fats increased by 15.6% in March 2022, compared to 9.4% recorded during the same time last year. Namibia should not be apologetic for having discovered oil, but the country should ensure it derives maximum benefit from it. Namibia is currently going through one of the worst economic periods in its history and high rates of unemployment, which were exacerbated by Covid-19. Now, on the eve of the country’s green hydrogen emergence, Namibia has been encouraged to embrace and accept crucial skills provided by foreigner workers.