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Posts by Maihapa Ndjavera:
Almost a third of accounts are currently in arrears at the City of Windhoek, the city’s finance executive Jennifer Comalie said last week. Bank of Namibia governor Johannes !Gawaxab is confident the Namibian economy will rebound in 2021. The Ministry of Finance yesterday warned the public to be more vigilant of a fake Facebook account that is up and running and attempting to scam unsuspecting individuals. Businesses pitching to receive assistance from a recovery scheme that lends support to mitigate the negative impacts of Covid-19 has reached the final stages. The Namibia University of Science and Technology (NUST) received four different pieces of laboratory equipment for the analysis of bush-biomass and the development of wood-plastic composites with a procurement value of N$1.3 million. During the second quarter of 2020, Namibia’s agriculture and forestry sector improved significantly. A Namibian young-man from Aus, a small rural community in southern Namibia, Valde Leonard, is passionate about agriculture and food production. Namibia Post and Telecom Holdings Ltd (NPTH) yesterday declared an ordinary dividend of N$200 million to the government. Last year December the holding company declared a special dividend of N$500 million. With the undeniable impacts of Covid-19 and the need for clean and sustainable energy sources, hydrogen is becoming more and more relevant. Growth in the annual credit extended to Namibia’s private sector moderated at the end of October 2020 and slowed to 1.4% from 1.8% recorded at the end of September 2020. The overall liquidity of Namibia’s banking sector increased during October 2020. Liquidity balances held by commercial banks rose to an average of N$3.1 billion in October 2020 from N$2.2 billion at the end of September 2020. Sustainable Development Goals Impact Facility (SDGIF) funded local 32 micro small and medium enterprises (MSMEs) with grants at a tune of N$2.5 million in total on Tuesday. In a quarterly bulletin for December 2020, the Bank of Namibia stated that the total domestic debt rose both year-on-year and quarter-on-quarter to meet the government’s financing requirements. Shoprite workers yesterday continued their indefinite strike over better pay, with no immediate solution in sight since the labour impasse that started on 21 December 2020. A long-cherished dream finally came true for young entrepreneur Beatha Shitemba whose baby jelly product is now available in a local store. TransNamib has suspended its passenger services in the south after heavy rain caused substantial damage to the rail network this week. The agriculture and forestry sectors recorded a decline of 2.5% in real value-added in the third quarter of 2020 in comparison to a contraction of 5.5% in the same period in 2019. Passionate about the information and communication technology (ICT) sector, Stanley Shanapinda, who was last year named as the new CEO of Telecom Namibia promised customers to expect a different entity that is in the space of competition. The High Court has dismissed an urgent application, due to lack of urgency, by a local medical wholesaler. Recently appointed Chief Executive Officer (CEO) of Telecom Namibia, Stanley Shanapinda, intends to leverage the parastatal’s current footprint to become a leading telecommunications institution in the country.