2023-05-10Staff Reporter Namibia officially recorded her first digital nomads just five months after the official launch of the country’s Digital Nomad Visa (DNV) on 11 October 2022. The programme was launched by the Ministry of Home Affairs, Immigration and Security (MHAISS) and the Namibia Investment Promotion and Development Board (NIPDB), with the aim of enhancing economic activity in the country. The first two digita View more
2023-05-10Maihapa Ndjavera Hyphen Hydrogen Energy, the preferred bidder for Namibia’s first-ever large-scale vertically integrated green hydrogen project, has secured an agreement with Koole Terminals to use its infrastructure to import green ammonia for the European market. View more
2023-05-08Staff Reporter Ethiopian Airlines Group, the largest aviation group on the continent, held a grand opening of the largest hotel in Africa as it inaugurated the second phase of the Ethiopian Skylight Hotel. View more
2023-05-08Maihapa Ndjavera The Institute for Public Policy Research (IPPR) has cautioned that while Namibia is making progress in building new electricity-generating capacity, progress is not fast enough, and will not be sufficient to completely replace imports. The IPPR stated that this precarious situation is likely to last several years until the end of the decade. View more
2023-05-08Maihapa Ndjavera An increase in the prime lending rate at commercial banks has direct implications for the debt-servicing cost of domestic households. This places additional strain on already vulnerable households severely weakening their ability to service both interest and capital repayments. This is substantiated by the growth in household debt. View more
2023-05-05Staff Reporter In 2022, Bank Windhoek financed 185 transactions valued at N$135 million in northern Namibia. This is according to Bank Windhoek’s Executive Officer of Retail Banking Services and Specialist Finance, James Chapman, who pointed out that Rundu accounted for 71 of the 185 transactions, and contributed N$55 million of the total N$135 million. View more
2023-05-05Correspondent The Ondangwa Trade and Industrial Exhibition (OTIE) finally returned with a bang, and business is back better than ever. The trade fair was closed for the past three years due to Covid-19. View more
2023-05-05Correspondent Member of parliament Veikko Nekundi has called on the National Assembly to urgently amend the Bank of Namibia (BoN) Act to enable the central bank to protect the most vulnerable in Namibia’s society. View more
2023-05-02Maihapa Ndjavera The Electricity Control Board’s (ECB) financial position remains sound, but the reduced electricity consumption levels over the past five years are not expected to recover instantly, given the prevailing economic downturn, which remains a concern for the ECB’s future revenue projections. View more
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