• August 16th, 2018
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Business

Namibian charcoal exports could increase to 200 000 tonnes by 2020

WINDHOEK - Charcoal production is an important activity for managing bush encroachment in Namibia. With an estimated 160 000 tonnes of export volume in 2016, Namibia is currently ranked as the fifth largest exporter of wood charcoal in the world, which also makes it the largest exporter of charcoal in the Southern African region.

Namibia ranked 4th in SADC in terms of financial inclusion

WINDHOEK - The latest results from the Namibia Financial Inclusion Survey (NFIS) indicate that the country’s banking population increased to 67.9 percent in 2017, up from 45 percent in 2011. In addition, the majority of the eligible banking population, 64.7 percent, said they consider Automated Teller Machines the most comfortable banking channel followed by bank branches at just over 58 percent.

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Missing links persist in SADC’s energy infrastructure

WINDHOEK - Member States of the Southern African Development Community (SADC) actually produce more electricity than they require at peak demand but because not all member states are connected to the regional electricity grid, this excess energy cannot be shared with member states that do not generate sufficient amounts of energy for their respective populations. When considering SADC’s current peak demand and generation capacity reserve margins, the region is estimated to generate excess capacity of 2 616 MW. In fact, the installed capacity in the region is more than 40 percent of the total installed generation capacity in Africa.

NSA to launch Namibia Financial Inclusion Survey today

The Namibia Statistics Agency (NSA), together with the Bank of Namibia and FinMart, is launching the Namibia Financial Inclusion Survey today at the Namibia Institute for Public Administration and Management (NIPAM). This is a survey of how individuals generate their income and how they manage their financial lives. It also includes individuals’ engagement with the financial services sector as a whole. The financial sector in this sense includes both formal and informal products and services. The Financial Inclusion Survey also provides insight into attitudes and perceptions regarding money management, financial products and services, as well as information regarding demographics and overall lifestyles.

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Enjoy a host of free benefits by joining the Inner Circle

WINDHOEK - Standard Bank has relaunched its Prestige Account, which is uniquely tailored to meet the banking and lifestyle needs of young professionals. For only N$199 per month, Prestige clients receive a wide range of services, offered in a reliable, time efficient and convenient fashion, allowing them to bank anytime, anywhere, with no long waiting periods or long queues to delay them.

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SADC bemoans lack of financing for crucial infrastructure

WINDHOEK - An overarching theme at yesterday’s Southern African Development Community (SADC) Secretariat briefing on infrastructure and services, which included an overview of regional renewable energy ventures, was the stagnation of crucial projects in the region, most of which require additional and alternative sources of funding.

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NDTC invests N$700 000 in Olafika SME Mentorship Programme

WINDHOEK - The Olafika SME Development Mentorship Programme is a promising program that seeks to take Namibia entrepreneurs from across the country’s 14 regions on a journey from rough to polished gems. This is the analogy of the Namibia Diamond Trading Company (NDTC), as a local company with a global reach, that...

PowerCom continues support to ICT Summit

WINDHOEK - Namibia’s only tower infrastructure provider, PowerCom, has provided further sponsorship for the ICT Summit in Namibia with a financial contribution of N$50 000 for a two-year period, which has increased their total contribution since 2016 to N$150 000. PowerCom joins other corporates in partnering with the Ministry of Information and Communication Technology in sponsoring the event which is scheduled for October.

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Reform needed for a sustainable electricity distribution sector - Alweendo

WINDHOEK– Despite Namibia being in the process of becoming more self-sufficient in terms of electricity production, the country is still overly reliant on sourcing power from neighbouring countries as it still imports approximately 60 percent of its electricity requirements. Due to this factor, the country has to identify new means to generate more electricity locally and to make it more accessible in the country where electricity-wise less than 50 percent of the population is connected. This is according to Minister of Mines and Energy, Tom Alweendo, who shared these sentiments while addressing the 2018 Electricity Supply Industry Forum, which took place in Walvis Bay yesterday, under the theme ‘Building a Sustainable Future’.

Pension funds to meet to discuss economic growth

WINDHOEK-MNCapital Group, an international investment advisory and institutional business development firm, in association with Africonomie UK, a UK-based investment advisory and communication firm, have confirmed that various pension funds and several international and local leading institutions will gather in Windhoek on August 22 and 23 to discuss Namibia’s economic growth through pension fund investments. African pension funds are estimated to be holding US$334 billion in assets and 90 percent of these assets are held in only four countries of which Namibia is one.

Imagine doing eWallet through Bank Windhoek’s ATMs

WINDHOEK – Imagine receiving an eWallet of N$500 from a friend and instead of taking a taxi to the nearest FNB ATM machine, you simply use the Bank Windhoek ATM not far from where you are standing waiting for a taxi when that SMS notification beeped on your cellphone. Just close your eyes for a moment, and visualise if you will, the flood of relief and joy of convenience that would jolt through you were that a real option.

China overtakes South Africa as Namibia’s biggest export market

WINDHOEK - South Africa has been overtaken by the world’s second largest economy, China, as Namibia’s single biggest export market. This is according to the Namiåbia Statistics Agency (NSA) trade statistics for the first quarter of 2018 which indicated that Namibian exports to China grew by an astounding 779 percent compared to the previous quarter, while exports to neighbouring South Africa only increased by a meagre 2 percent.

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One-on-one with economic analyst, Claudia Boamah

WINDHOEK - In the small fraternity of economic analysts, Claudia Boamah is making waves in this traditionally male-dominated profession, with her economic forecasts and proposals on economic policy attracting attention from the highest echelons. During a recent investment summit in the capital, Boamah suggested that if Namibians are indeed forward thinkers, then we need to know what the potential of any economic sector is and conduct the necessary research to establish a lifespan of that industry. With this proposal, Boamah suggested that the country adopt a forward-thinking mentality, not just in terms of goals but also in terms of preparations that need to be completed in the processes of achieving long-term objectives.

Junior Baiano continues to diversify services

WINDHOEK – Junior Baiano Industrial Consultants, a company which started operating in 2011, is making major waves in the construction, mining and logistics industries. Recently, the 100 percent Namibian company has diversified its interests even more with the launching of a brand-new clothing line.

Angling passion results in Angler’s Kiosk

WINDHOEK – The angling industry at the coast continues to gain popularity as more individuals fish for sporting purposes. With her experience, Jana Kruger, grasped the opportunity to cater to the needs of customers within the industry and is focused on making it a success despite the challenging economic times.