National accounts are key macroeconomic statistics that help understand how an economy functions. They support economic planning, analysis, and international comparisons by detailing transactions among economic agents and with the rest of the world. These accounts follow the System of National Accounts (SNA), an internationally agreed framework that provides standardised concepts, definitions, and rules to ensure consistency and comparability across...
!Gawaxab calls for institutional agility, strategic foresight
Bank of Namibia (BoN) governor Johannes !Gawaxab this week highlighted the emergence of a new world order. He said it is defined by evolving geopolitical developments, intensified trade tensions and rapid technological advancement. He noted that these new global dynamics are challenging traditional frameworks around globalisation, multilateralism and market openness. He called for enhanced institutional agility and strategic foresight. “Although...
Rössing delivers strong performance despite volatile market
Rössing Uranium, a veteran of the domestic mining sector, this week reported that 2024 was a year of robust financial performance. The mine achieved a net profit after tax from normal operations of over N$1 billion. This result was accomplished despite a challenging and unstable global uranium market and a 9% decline in revenue to N$5.93 billion. Speaking at Rössing...
Opinion – The saturation of the teaching profession
A mob of unemployed teachers had organised a peaceful demonstration in Oshakati on Tuesday, 03 June. They marched to the Oshana Regional Education office, seeking job opportunities and calling for the removal of interviews in the education sector. The teaching profession is known to hastily absorb unemployed graduates, but nowadays, things have changed, and business is no longer as usual. Back...
Opinion – Inclusive education for persons with disabilities: A broken promise
It is heartbreaking and deeply unjust that in a democratic Namibia, students with disabilities continue to face enormous obstacles in their pursuit of a basic human right, access to education. This is not a call for charity, nor is it a plea for special treatment. It is a demand for dignity, equality, and justice, values enshrined in both the Namibian...
Opinion – The oxymoronic effect of land reform in Namibia
The determinant factor in livelihoods improvement efforts in Southern Africa remains land. Land is the problem. However, we contest provocatively that the land reform programme in Namibia has an oxymoronic effect. Therefore, it is our considered opinions that, without contestations and casting of aspersions, land is central to economic properlarity of any national economy. In the specific case of...
‘Tight to the hip’ … NNN, Shaningwa quash division rumours
Lahja Nashuuta Swapo leader Netumbo Nandi-Ndaitwah has dismissed reports suggesting a strained relationship between her and party secretary-general Sophia Shaningwa. Quoting Founding President Sam Nujoma, Nandi-Ndaitwah said: “A people united, striving to achieve a common good for all the members of the society, will always emerge victorious.” This, she said, is the mantra she embodies, while driving her message at...
A cry for dignity
TSUMEB – Dressed in a grey jersey and faded blue skinny jeans, a 22-year-old woman sits silently outside her grandmother’s house in Tsumeb. Her right foot tucked onto a plastic chair, the other resting on the dusty ground, her black shoes are worn, give a glimpse into the life of Charlotte Gutases. Her hand supports her chin, her eyes fixed...
Foreign land ownership bill’s Achilles heel
A parliamentary committee has cautioned against a hasty and careless passing of legislation seeking to regulate, if not entirely ban, the ownership of land by foreign nationals. The Parliamentary Standing Committee on Natural Resources said the proposed law in its current form is in direct conflict with the supreme law of the land. The proposed draft bill, which was submitted...
Namcol ’retrenches’ over 100 employees
The Namibia College of Open Learning (Namcol) is facing accusations of unfair labour practices and withholding salaries after retrenching over 100 staff members. The affected employees were on fixed-term contracts. The move has sparked outrage among affected employees, some of whom claim to have served the institution for the past 20 years. Mutarere Nguvauva, a spokesperson for the retrenched workers,...