Despite another recessionary year, the Business and Intellectual Property Authority (BIPA) delivered a strong financial performance, declaring a surplus of N$17 million, doing particularly well in its efforts to collect outstanding annual duties.
Business
PDM proposes informal sector association
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.
Oil discovery can be ‘game-changer’…as Namcor confirms second discovery in Orange Basin
A second confirmed discovery of oil off the Namibian coast has the potential to substantially impact the domestic economy for the better.
Opinion – Optimism about Model Law on PFM …legislation expected to bolster existing checks and balances
Many countries have signed up to regional and international instruments to improve the living standards of their citizens.
Investment giants set to convene at Swakopmund
Various pension funds and several international and local leading institutions will again come together to discuss Namibia’s economic growth through alternative investments.
Opinion – Money can’t buy love but talking about it can create happiness
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.
ECB profit drops by 7.75%
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.
BBLNN says DBN guilty as Inkumbi refutes allegations
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, govt spending to suffer longer
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.
FinWellness with Thembi – Debt Consolidation vs Debt Administration
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.