Business

​​​​​​​Popular Democratic Movement (PDM) parliamentarian Johannes Martin on Wednesday tabled a motion in the National Assembly for the House to debate the establishment of an association for the informal sector.

A second confirmed discovery of oil off the Namibian coast has the potential to substantially impact the domestic economy for the better.

Many countries have signed up to regional and international instruments to improve the living standards of their citizens. 

Various pension funds and several international and local leading institutions will again come together to discuss Namibia’s economic growth through alternative investments. 

Couples are 10 times more likely to break up if they think their partner has poor money habits. This finding in a recent survey by Policy Genius probably echoes the harsh reality that money issues are a driving force in 55.6% of divorces. 

An increase in the generation of electricity for own consumption by customers like solar rooftops, which is not subject to the Electricity Control Board levy, was one of the factors that contributed to a reduction in the volume of electricity supplied. 

The Black Business Leadership Network of Namibia (BBLNN) has reiterated its call for banks to roll out reasonable debt forgiveness to individuals and businesses.

Sectors dependent on travel and government spending are expected to remain below their pre-Covid-19 levels for much longer than expected. The affected sectors include hotels and restaurants, transport, construction, public administration, defence and education.

Over-indebtedness is defined as “the persistent difficulty, or impossibility, of a household to pay its bills or debts”. In a country with one of the highest youth unemployment rates in the world, it would be irresponsible not to mention the desperate state of affairs that sees people turning to loan and credit facilities to provide for the bare necessities. 

Prospects have started to improve for the logistics sector in Namibia, as the rest of the world gradually recovers from the Covid-19 pandemic. This sector is important for the growth of the Namibian economy, as Namibia is well placed to be a logistics hub for its landlocked neighbours.