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Posts by Maihapa Ndjavera:
In 2020, an amount of N$500 million was allocated from the long run marginal cost fund to partially fund the construction of Namibia Power Corporation renewable energy plants. Tulo sakata itaha hakuna ni swalisano yamulelo. Kacwalo Mubusi Hage Geingob nabulelezi baeteleli babaituti mwanaha kaufela kuswalisana hamoho, nikufumana tumelelano hala lika zebakataza kuli bakone kubeleka hamoho mwamoya waHarambee. AFTER years of economic recession, followed by the onset of the Covid-19 pandemic, government finds itself with high debts and in a difficult financial position. This leaves little space for monetary support for the tourism industry and its infrastructure. The construction of the new freeway between Windhoek and the Hosea Kutako International Airport is expected to be concluded in 2024. In an effort for government to position itself to take advantage of anticipated economic tailwinds that could potentially propel Namibia towards renewed growth and opportunity, the country launched its first sovereign wealth fund, known as the Welwitschia Fund. Consumers still feel the pinch of increasing domestic prices from different categories. In April 2022, prices for oils and fats rose by 23.4%, compared to 7.5% recorded during the same time a year earlier. After receiving notifications this week that stamp duty transactions have been processed on specific dates, many First National Bank clients were shocked and outraged. Avic, the Chinese-owned company constructing the Hosea Kutako International Airport road in Windhoek has resolved the tax deduction dispute which led to the workers downing tools. The southern corridor development initiative in the //Kharas region, aims to produce 300 000 tonnes of pure green hydrogen and green ammonia by 2030 for local and international markets. President Hage Geingob has assured potential investors they will not regret choosing Namibia for investment. Namibia has put agriculture at the forefront of investment opportunities offered at the World Economic Forum in Davos, Switzerland. At the international gathering, Namibia offered four brownfield investments in green scheme projects and investment in one dairy project. The world needs to take action such that it moves in a direction that will be healthy and safe for the coming generation. Land is no more a predicament for investment in the horticulture sector as Namibia is a vast country with 823 290 square kilometres. Consumers, who are already struggling with massive increases in food prices and more expensive bank loans, will have to tighten their belts further, as government yesterday announced massive fuel price increases. !Hūb di ǁûb, Hage Geingob ge ǂâi!nâǁgui ra ǁguiri-aona ǁnāti ī ǁawosasiba ge mā, Namibiab !nâ hā ǁguirisan tātsēs tsîna !hausen tidesa. President Hage Geingob encouraged Namibian financial institutions to continue holding hands with government by supporting the second phase of Namibia’s struggle – economic emancipation. The International Monetary Fund (IMF) said the Russia-Ukraine conflict is a major blow to the global economy that will hurt growth and raise prices. The southern corridor development initiative in the //Kharas region, through a massive investment of US$10 billion by Hyphen Hydrogen Energy, MTC income increased by 4.64% to N$1.45 billion largely as a result of continued data revenue, prepaid revenue growth and the continued expansion of enterprise services. The newly-inaugurated Nedbank campus had a set mission to uplift local companies during the construction phase. Out of N$440 million in the value for the project’s contracts, N$429 million was spent on Namibian-owned companies.