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      Namibia welcomes first digital nomads

      Namibia welcomes first digital nomads

      2023-05-10  Staff 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
      Green ammonia breakthrough for EU market…as Hyphen inks deal for Rotterdam terminal access

      Green ammonia breakthrough for EU market…as Hyphen inks deal for Rotterdam terminal access

      2023-05-10  Maihapa 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.
      Africa’s largest hotel gets grand opening

      Africa’s largest hotel gets grand opening

      2023-05-08  Staff 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. 
      Electricity generation needs acceleration - IPPR

      Electricity generation needs acceleration - IPPR

      2023-05-08  Maihapa 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.
      Households struggle to service loans

      Households struggle to service loans

      2023-05-08  Maihapa 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.
      Property industry remains resilient

      Property industry remains resilient

      2023-05-05  Staff 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. 
      Ondangwa trade fair reopens after Covid trauma 

      Ondangwa trade fair reopens after Covid trauma 

      2023-05-05  Correspondent
      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.
      Nekundi calls on BoN to regulate bank charges

      Nekundi calls on BoN to regulate bank charges

      2023-05-05  Correspondent
      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. 
      Reduced electricity consumption a concern for ECB

      Reduced electricity consumption a concern for ECB

      2023-05-02  Maihapa 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.