Business

The Namibia Power Corporation (NamPower) imported 67.4% of power from neighbouring countries and the Southern African Power Pool (SAPP) market to meet the country’s electricity demand. This is an increase from 59% of the 2019/20 financial year. 

With the Zambezi region seen as a “Gateway to SADC” in unlocking the economic potential of the area, Zambezi governor Lawrence Sampofu has joined other voices for the Katima Mulilo Border Post to be upgraded to a One-Stop Border Post (OSBP).

The Financial Institutions and Market Act (FIMA) has finally arrived! The long-awaited legislation will replace the existing legislation for non-banking institutions regulated by the Namibia Financial Institutions Supervisory Authority (NAMFISA).

The Teachers Union of Namibia (TUN) has threatened to take tough action against government if their call for salary increases continues to fall on deaf ears. This the TUN stated last week during a media briefing to address the issue of long overdue salary adjustments in the public sector.

As people celebrate Valentine’s Day today and shows like Tinder Swindler trend, First National Bank (FNB) Namibia would like to remind the public that online safety is paramount to protect self and one’s cash. 

Trade minister Lucia Iipumbu said micro, small and medium enterprises (MSMEs) are the roots of many economies around the globe and would play the same role in Namibia if supported and developed.

The Namibia Civil Aviation Authority (NCAA) in its 2020/2021 annual report states that revenue from the aviation industry remained minimal with overall revenue recorded during the period ended March 2021 down by 83% compared to the previous year.

Visitors to the once popular retail outlet in Windhoek’s central business district (CBD), Town Square, are now faced with a shopping centre that has been all but abandoned by the host of retailers that once thrived there.

Namibia, although hugely rich in natural resource endowment is challenged by expanding its industrial capacity in the country. These challenges are soon to be overcome by its policy discourse on green hydrogen and fourth industrialisation revolution (4IR) initiatives.

Last February, Paratus announced that it had entered into an agreement with Google to be the landing partner for the Equiano cable in Namibia.