2021-02-18Edgar Brandt With Nigeria’s former finance minister Dr Ngozi Okonjo-Iweala being confirmed as the new director general of the World Trade Organisation, Namibia has implored the global trade body to look into specific trade issues affecting the continent. View more
2021-02-23Edgar Brandt Chairman of the National Fishing Corporation’s temporary board has called on authorities to unfreeze the corporation’s accounts, saying these funds are in no way linked to the ongoing Fishrot investigation. View more
2021-02-23Edgar Brandt As Namibia and the rest of the world emerge from the Covid-19 pandemic, it goes without saying that there will be a lasting impact on the global and domestic economies. View more
2021-02-23Edgar Brandt Minister of Industrialisation and Trade, Lucia Iipumbu, has extended her ministry’s and Namibia’s congratulations to the newly appointed Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-lweala. View more
2021-03-01Edgar Brandt Finance minister Iipumbu Shiimi has welcomed a decision by the European Union to delist Namibia as one of the countries regarded as tax havens due to lax practices and regulations on tax governance. View more
2021-03-01Edgar Brandt Increased demand from a reopening global economy coupled with a local under-recovery resulting in pump prices not reflective of the actual market will see Namibians pay 80 cents a litre more for both petrol and diesel as of 3 March 2021. View more
2021-03-03Edgar Brandt A local labour expert has warned that without a fundamental change in Namibia’s social and economic architecture, the country will continue to see rising levels of inequality. View more
2021-03-04Edgar Brandt The Public Procurement Act, which came into effect in 2017, is to be amended – and for this reason, the Ministry of Finance, through its Procurement Policy Unit, is currently engaged in the amendments. View more
2021-03-05Edgar Brandt The National Fishing Corporation of Namibia (Fishcor) finally has access to its accounts that were frozen by the Bank of Namibia in February and can now attend to pressing operational and financial needs. View more
2021-03-10Edgar Brandt The energy ministry this week allayed fears by the public that oil exploration being conducted in the Kavango regions by Reconnaissance Energy Africa (ReconAfrica) will include fracking. View more
2021-03-10Edgar Brandt The devastating impact of Covid-19 has turned lives upside down in every conceivable sector and industrialisation and trade was no exception. View more
2021-03-17Edgar Brandt A consensus by local analysts that attracting more investment for the domestic economy is crucial to ensure economic growth could be hampered by the fact that institutional investors would welcome a regime where State-Owned Enterprises (SOEs) are discouraged to continually depend on government funding. View more
2021-03-18Edgar Brandt Faced with the daunting task of ushering Namibia out of a prevailing recession coupled with significantly reduced revenue as a result of subdued economic activity brought about by a global pandemic, finance minister Iipumbu Shiimi yesterday tabled the 2021/22 national budget with a total proposed expenditure outlay of N$67.9 billion. View more
2021-03-19Edgar Brandt In light of Namibia’s prevailing recession coupled with the adverse impact of the Covid-19 pandemic and its numerous restrictions, economic analysts believe investments are a promising option for domestic economic growth. However, many investors feel Namibia needs to produce a conducive investment environment particularly as consumer and government spending both face significant constraints. View more
2021-03-24Edgar Brandt The Agricultural Bank of Namibia (Agribank), like local economists, has expressed concern about Namibia’s debt trajectory, based on last week’s tabling in Parliament of the 2021/22 Appropriation Bill by the finance minister, Iipumbu Shiimi. View more
2021-03-25Edgar Brandt The finance ministry yesterday confirmed that a N$1.5 billion loan for Namibia has been approved by the African Development Bank (AfDB) to finance the Namibia Governance and Economic Recovery Support Programme (GERSP). View more
2021-03-25Edgar Brandt The Sitopogo Combined School in the Kavango West region supplemented its Life Skills teaching by dedicating two days last week aimed at tackling social problems in society. View more
2021-03-25Edgar Brandt Since the outbreak of the Covid-19 pandemic, the global tourism industry has suffered tremendously with the number of international and regional tourists dwindling to zero. View more
2021-03-25Edgar Brandt Traditional banking fees in southern Africa, which some believe are the highest in the world, are expected to plateau and eventually reduce given the escalating migration of bank customers to digital channels. View more
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