Pension funds require the responsible management and safeguarding of members’ retirement savings to provide peace of mind. This is achieved through robust and transparent communication to create awareness and provide knowledge on the importance of saving for retirement. Pension savings can provide a certain degree of financial security, independence and stability upon retirement, disability, ill-health...
The new tax relief measures, through which domestic thresholds have been adjusted that will result in many Namibians qualifying for refunds, were gazetted on Monday this week. This means the implementation of the new tax regime, which is estimated to directly inject more than N$640 million into the pockets of Namibians, is immediate and the...
Industrialisation and trade minister Lucia Iipumbu has reaffirmed that Namibia is ready to tap into the massive single market of about 1.3 billion people in Africa. She added that this “readiness” can be improved through the Growth at Home strategy by industrialising the local economy to produce goods and services for export markets. Namibia’s readiness...
LONDON – US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve’s first interest-rate cut since 2020. In New York, the Dow was up but the wider S&P 500 and the tech-heavy Nasdaq were lower shortly after opening. In Europe, London was marginally higher but all the main continental...
The Two-Pot Retirement System, which will divide members’ benefits into two separate pots: a savings pot and a retirement pot, started in South Africa on 1 September 2024. The implementation of the two-pot pension system in South Africa will surely spark significant interest across the continent, and our beautiful Land of the Brave is not...
As foreign investment levels continue to flow into Namibia, concerns are mounting about the lack of local engagement and knowledge among Namibian entrepreneurs. Despite a wealth of opportunities available, many locals remain unaware of the heightened potential that resides within their own economy. CEO of the Namibia Investment Promotion and Development Board (NIPDB) Nangula Uaandja...
LÜDERITZ’s – Lüderitz economy is expected to grow massively due to new developments en route, but this comes with a pressing concern of lack of affordable housing and adequate office space for businesses, particularly in the oil and gas sector. The mayor of Lüderitz, Phillippus Balhao, has thus called for urgent action to address these...
Iuze Mukube African entrepreneurs showcasing their enterprises at the African Union’s Micro, Small & Medium Sized Enterprises (MSME) Forum in Windhoek last week expressed appreciation for Namibia’s convenient and at all-time accessible ports. Nigerian businesswoman Ameera Abraham, who owns Amali Cosmetics, expressed amazement at learning that Namibia’s ports are always open for business. “So, one...
Collaboration between the governments of Namibia and Botswana continues to bear fruit for citizens and businesses of both countries through last week’s announcement of a substantial reduction of mobile roaming charges. The move by the two countries, which was embarked on about a year ago, signifies a major step towards realising enhanced regional connectivity and...
Iuze Mukube The 3rd Annual Micro, Small & Medium-sized Enterprises (MSME) Forum of the African Union (AU) is currently ongoing in Windhoek, and various delegates, exhibitors, and small enterprise entrepreneurs have swarmed to the occasion. As the forum aims at fostering financial empowerment and educational innovation for African start-ups and SMEs, local entrepreneur, Taimi Shivute,...