To contact the author and editorial staff send an email to firstname.lastname@example.org
Posts by Edgar Brandt:
WINDHOEK – Following serious allegations of interest rate discrimination by First National Bank in South Africa, the Bank of Namibia says it is not aware of any discriminatory rules applied on banking products by any local banking institution. WINDHOEK – The Kudu Gas to Power project, which has in the past been hailed as the answer to Namibia’s electricity woes, has seen a revival by BW Kudu Limited, who says recent technological advancements as well as a consistent market for reliable economic energy makes the electricity project viable. WINDHOEK – Namibia has reaffirmed its commitment to the African, Caribbean and Pacific (ACP) and European Union (EU) partnership and says it will do all it can to honour and work toward the commitments embodied in the Cotonou Agreement and post-Cotonou when it expires in 2020. This was the message by Minister of Industrialisation, Trade and SME Development, Tjekero Tweya, when he spoke on Wednesda WINDHOEK – As the Namibian economy gradually emerges from negative to positive growth this year, policy makers need to learn from the past to avoid being trapped in recreating the same mistakes and to avoid debt accumulation as well as falling further into a debt trap. WINDHOEK – Africa’s fastest growing airline, Ethiopian Airlines, has hit back at accusations by United States-based WINDHOEK – Most economic analysts do not expect any major surprises from today’s tabling of the national budget by Finance Minister, Calle Schlettwein. WINDHOEK- While yesterday’s tabling of the national budget of just over N$60 billion for the 2019/20 financial year saw the development portion allocation increased by 42 percent, to N$7.9 billion from N$5.5 billion, local economists’ first impressions are that the budget contained no major surprises. WINDHOEK – During the tabling of the national budget on Wednesday, Finance Minister Calle Schlettwein announced that the member’s contribution to the Public Service Medical Aid Scheme (Psemas), which has for long been static, will be OTJOMUISE- Ngunda amaha¿eno wotjimariva tjohoromende tjombura kombura indji o 2019/2020 tjitjiri kombanda yOzondola za Namibia omatau o 60 mutjo otjimariva tjomekurisiro tjitjayeruruka nozoperesende o 42 okuvaza kOzondola za WINDHOEK - The Ministry of Finance yesterday engaged healthcare service providers on issues pertaining to the Public Service Employees Medical Aid Scheme (Psemas), with Minister of Finance, Calle Schlettwein, telling the well-attended WINDHOEK – The Namibian Competition Commission (NaCC) yesterday confirmed it has not yet received any application to approve the billion-dollar acquisition of a 100 percent stake in Schwenk Namibia (Pty) Ltd, which is a majority shareholder of Ohorongo Cement based near Otavi. WINDHOEK – The world’s largest aerospace company, Boeing, now faces the dauting task of convincing aviation regulators, airlines and the flying public that its planes are safe after its top brass admitted that a failure in the single-aisle 737 Max jet’s anti-stall system, MCAS, was a factor in last month’s Ethiopian Airlines crash. WINDHOEK - The recruitment process for the new Namibia Revenue Agency (Namra), which is expected to improve government’s revenue collection, will commence over the coming months, ahead of its launch on 1 October 2019. WINDHOEK – The central bank has maintained the repo rate at 6.75%, in line with the expectations of economic gurus, although there are divergent views regarding the decision to leave the rate unchanged for almost two years while the country’s economy is teetering. WINDHOEK – One of the successes achieved thus far by the Namibia Chamber of Commerce and Industry’s (NCCI’s) Private Sector One Voice initiative, which meets monthly to deliberate on topical matters affecting business, includes the WINDHOEK – As the Namibian economy struggles to crawl its way out of a prolonged recession, the Minister of Finance Calle Schlettwein, this week cautioned that the pace and scale of the economic recovery is predicated on the timeliness of pro-growth measures announced in the budget. WINDHOEK – The 2018 National Labour Force Survey results point to an increased need to address youth unemployment, which is estimated to have increased from 43 percent in 2016 to 46 percent by 2018, while the net effect on the overall unemployment rate is assessed to be generally neutral. WINDHOEK – It is imperative that financial resources allocated in the national budget circulate in the domestic economy, as more money spent locally will have a greater impact on economic growth and job creation. This is according to a local WINDHOEK – Rössing Uranium Mine increased its production with 17 percent in 2018 as it produced 2 479 tonnes of drummed uranium oxide compared with 2017’s production of 2 110 tonnes. However, the total mined tonnes were 24 percent below production targets following a mining slowdown to curtail the impact of water supply interruptions. WINDHOEK – Minister of Mines and Energy, Tom Alweendo, yesterday revealed that some foreign investors in the mining industry view the issue of local mine ownership as an irritant or as something that can be wished away. However, Alweendo cautioned that this is a fallacy and a mistaken view.