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Posts by Maihapa 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. 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. 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. Namibia Breweries Limited (NBL) operating profit increased by 35.2% to N$613 million. TransNamib has leased a total of four locomotives from South Africa (SA) in to increase capacity. The Mineworkers Union of Namibia (MUN) last week launched NAMITVest Investment Holdings, which aims to create a buffer to mitigate the impact of job losses due to any unforeseen economic shocks experienced in the mining sector. Agriculture minister Calle Schlettwein said the only viable solution to save the local dairy industry from total collapse appears to be restrictions on imported dairy products, this while responding to questions in the National Assembly last week. Namibia’s non-banking financial institutions’ (NBFI) sector has remained financially stable and continued to grow its assets, despite challenging economic conditions. The NBFI asset base increased by 5.7% to end at N$341.9 billion by 31 December 2020. The first objective of the planned listing of the country’s dominant mobile telecommunications provider, MTC, is to develop the country’s financial sector. Namibian taxpayers owe an astounding N$36 billion in penalties to the Namibia Revenue Authority (NamRA) as at 30 September 2021. With more than 3 500 deaths reported in Namibia by the health ministry as a result of Covid-19 since the outbreak of the pandemic, funeral undertakers have been under tremendous strain due to a high demand for their services as well as to ensure the supply of coffins. I was never limited to play netball. The secondary school I attended allowed me to play netball with girls.