Author: Nghiinomenwa-vali Erastus
Angola, Nigeria Resist Oil Production Cut Plans
By: Nghiinomenwa-vali Erastus Angola and Nigeria have expressed their intent to defy the directives by the Organisation of the Petroleum Exporting Countries and Allies (OPEC+) urging member states to reduce oil production in an attempt to stabilise the market. The…
Opening of Borders to Foreign Workers Is Governed by Law, Not Market Forces
By: Nghiinomenwa-vali Erastus The decision to permit or deny foreign workers to come and work in Namibia for a certain period is solely within the discretion of the Immigration Selection Board (ISB). This decision is guided by Namibia’s Immigration…
Govt Faces N$34.5 Billion Debt Repayment Challenge
By: Nghiinomenwa-vali Erastus The government faces the substantial task of repaying N$34.5 billion to investors as its bonds mature over the next four years. Bonds due for repayment in this obligation include GC24, GC25, GC26, GI25, GI27, and Eurobond 2025….
Govts Grapple with Policy Trilemma – Balancing Debts, Climate, and Political Goals
By: Nghiinomenwa-vali Erastus Governments across the world are confronted with a challenging policy trilemma, navigating between achieving climate goals, maintaining fiscal sustainability, and meeting political feasibility. This is according to the Fiscal Monitor for 2023 published by the International Monetary…
Namibia’s White Maize Production Still Dependent on Rainfall
By: Nghiinomenwa-vali Erastus Namibia continues to grapple with its vulnerability to rainfall for food production, as revealed by the latest agricultural data. In 2022, the karst recorded the highest white maize production at 29,842 tons, with a significant 46% relying…
Govt To Borrow N$3.2 Billion in Five Months
By: Nghiinomenwa-vali Erastus The government plans to borrow N$3.2 billion from institutional and individual investors between October 2023 and March 31, 2024, to address a widened budget deficit and fulfil outstanding obligations. The borrowing will occur domestically through bonds and…
No Namibian Beef in USA Markets Since 2020
By: Nghiinomenwa-vali Erastus Namibia’s beef exports to the United States came to a halt in July 2020 after a brief resurgence that saw 550,576 kilograms of beef crossing the Atlantic Ocean over seven months. The Villager’s analysis has uncovered the…
Short-Term Employment Permits Now Available at Various Border Posts
By: Nghiinomenwa-vali Erastus Various points of entry into Namibia have received authorisation to start issuing Short-Term Employment Permit endorsements without sending travellers to the headquarters in Windhoek. This was revealed by the Ministry of Labour, Industrial Relation, and Employment Creation…
Youth Told to Prioritise Financial Literacy
By: Nghiinomenwa-vali Erastus As the economic landscape undergoes transformative changes locally, regionally, and continentally, the understanding of financial matters, encompassing risk, investment, allocation, and hedging, is becoming increasingly intricate. Amid these changes, Joachim van Schalkwyk, the Broker Distribution Manager at…
Plan in Motion to Address Namcor Governance Issues
By: Nghinomenwa-vali Erastus Namcor’s board of directors and management has admitted that the company’s weak risk management and governance loopholes were to blame for its inability to pay creditors. Acting Managing Director Shiwana Ndeunyema and Board Chairperson Jennifer Comalie briefed…