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Posts by Maihapa Ndjavera:
Alpha Namibia Industries Renewable Energy Power (ANIREP) has researched, modelled and established a Namibian clean energy u-curve, showing that with a N$30 billion investment, the country could already be self-sufficient and could be exporting electricity to the region. Metrology, or the the scientific study of measurements, is important in daily lives of consumers and businesses as it reinforces quality in manufactured goods and processes through accurate and credible measurements. The Namibian government is concerned over the negligible level of trade and investment between Namibia and Angola. The German Federal government mobilised additional resources of approximately N$256 million as grant aid to support Namibia in mitigating the challenges of the Covid-19 pandemic in the conservation and tourism sector. A N$15.2 million tax refund scam uncovered by the Namibia Revenue Agency and revealed at the end of March this year, has now more than doubled to N$36 million. The domestic economy’s performance continued an upward trend, recording a growth of 5.3% in the first quarter of 2022 when compared to a decline of 4.9% registered in the corresponding quarter of 2021. The agriculture, forestry and fishing sector has not been spared from the pressure of market distortions resulting from the Covid-19 calamity. Duits!hūb di ǂHanub ge a ǁaxa ǁaupexa N$256 miljunsa ǀhaohaos ǀkha, Namibiab nî hui!nâ-ūse, Covid-19 ǁōs ge hā-ū ǁgoaǂuidi, !aub!ûi!gâdi tsî !narisarimas !âkha !nâde oresa hōbatsâs !aroma. An impending deal with the European Union to jolt Namibia’s ambitious green hydrogen sector and at the same time reduce the economic bloc’s own dependence on Russian energymeans the fruits of recent economic diplomacy efforts, as witnessed over the past few months, are becoming visible. Mines minister Tom Alweendo has reiterated his stance that the presence of oil in Namibia can be beneficial, and does not automatically need to lead to the dreaded oil curse. For the month of May 2022, Namibia’s exports earnings stood at N$5.7 billion, down by 5.2% on monthly basis, while the imports bill amounted to N$10.2 billion, up by 1.9% on monthly basis resulting in a trade deficit of N$4.6 billion. This is up 12.3% when compared to 4.1 billion observed in April 2022. An astronomical increase in prices for household oils and fats, which increased by more than 15% in March 2022 compared to 9.4% recorded during the same time last year, is beginning to take its toll on informal traders. The European Union has officially adopted its multi-annual indicative programme for Namibia for 2021 to 2017. Through this programme, the EU commits to provide N$627.3 million (37 million euro) for the initial period of the programme, running from 2021 to 2024. As Namibia’s urban population is expected to increase from 52% to 60% by 2030, the country’s demand for formal housing is increasing with urbanisation and offers a key economic opportunity. Namibia’s largely monopolistic market structure and the dominant public sector create an uneven playing field to the detriment of the private sector. The Namibia Revenue Agency (NamRA) yesterday launched an advanced ruling programme, which is an official written biding decision on classification, origin or valuation of goods prior to an import or export transaction. To escape the middle-income classification trap, Namibia must focus on building a diversified private sector. Employees of the national rail service operator, TransNamib, will embark on a nationwide strike on Monday to show their frustration with contentious labour matters. Andre Messika Diamond, a supplier of polished diamonds to the luxury jewellery market that recently opened a polishing factory in Windhoek, this week opened the very first parcel of Namibian rough diamonds purchased from Namib Desert Diamonds. Due to lack of serviced land and funding, the Namibia Housing Enterprise (NHE) only managed to provide 896 houses since 2016. The NHE is a state-owned enterprise mandated to deliver housing to low- and middle-income Namibian households by undertaking and financing housing projects.