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Posts by Maihapa Ndjavera:
Mines minister Tom Alweendo has encouraged companies operating in the mining and beneficiation sectors to take the issue of skills transfer seriously, especially high-level skills. Bank of Namibia governor Johannes !Gawaxab said the food industry offers economic opportunities and is suitable for the large unskilled labour profile of Namibia’s unemployed population. The Namibia Transport and Allied Workers Union has reacted to the court’s decision to halt its industrial action at TransNamib with a demand that heads must roll. Some 56.8% of Namibians are unable to afford a healthy diet. This translates to 1.4 million people in 2020 – and this number is expected to have increased during the last two years. To deal with the challenge of inadequate capital and availability of affordable and serviced land, to provide houses as per its mandate, NHE is looking to private partners to boost the number of houses it is delivering. Prices for cooking oil and fats increased by 26.2% in June 2022 compared to 16.7% registered during the same period a year earlier. The real value of building plans approved declined by 7.8% and 9.1% year-on-year and quarter-on-quarter, respectively, to N$502.4 million during the first quarter of 2022. The National Housing Enterprise clients who tightened their financial belts during the last couple of months due to the devastating impact of Covid-19, coupled with a persistent domestic recession as well as escalating fuel and food prices, now face another hike in lending rates. A Russian company exploring for uranium in the Omaheke region continues to ruffle the feathers of local farmers and environmental groups. Over 100 workers of the Cheetah Cement factory at Otjiwarongo embarked on a strike for better pay yesterday, while the company has threatened retrenchments and reminded workers that they will not be paid during the strike. The two Kavango regions have immense potential to contribute to solving Namibia’s economic problems because they boast fertile land, a great supply of water, favourable climate conditions and abundant natural resources. The Stampriet Aquifer Uranium Mining Committee, representing the interests of inhabitants of south-east Namibia in the Omaheke region, are concerned proposed uranium extraction methods could potentially harm an aquifer that supplies the only fresh drinking water in the area. The health sector recorded growth for the eighth consecutive quarters since quarter two of 2020. A study by the Namibia Financial Institutions Supervisory Authority (Namfisa) concluded a local appetite exists for agriculture index-based insurance in Namibia. This type of insurance was conceptualised to help mitigate adverse weather effects around the world. Some N$1.4 million was paid out to Namibian consumers during the first quarter of 2022 by the Namibia Financial Institutions Supervisory Authority (Namfisa). The cost of food has sustained an upward trend in recent months, making it difficult for local consumers to put something on the table. Signs of recovery from the prolonged drought are starting to emerge with the domestic beef market recording a 20% growth in cattle marketed for the first half of 2022. Domestic consumers can expect further hikes in prices, which is expected to make life more financially unbearable. This is after the annual inflation rate for July 2022 increased by 6.8%, compared to 4% recorded in July 2021, making it the highest recorded inflation rate since July 2017. Director-General of the National Planning Commission Obeth Kandjoze has advised Namibians with hidden agendas to refrain from pushing away investors. Namibia’s green hydrogen juggernaut has moved another step closer to fruition after four successful applicants for pilot projects were announced yesterday at the commencement of the inaugural two-day Green Hydrogen Conference in the capital.