Author: Nghiinomenwa-vali Erastus
Namibia still struggling to root out illegal Fishing
By: Nghiinomenwa-vali Erastus MINISTER of Fisheries and Marine Resources Derek Klazen has confirmed that incidences of illegal and unregulated fishing activities are still active in Namibia waters with the latest recorded in April this year. Illegal, unreported, and unregulated (IUU)…
About 30% of the Rural Population Has No Access To Financial Services
By: Nghiinomenwa-vali Erastus MINISTER of Urban and Rural Development Erastus Uutoni has called on stakeholders in the financial service sector to make their services available to people in the rural areas to allow them to fully participate in the…
Renewable Energy Funding Dominates Bank Windhoek’s Sustainability Lending
By: Nghiinomenwa-vali Erastus Bank Windhoek has provided financial support for a total of 59 projects valued at N$57.6 million across Namibia from 2022 to 2023, with 54 of these projects dedicated to Renewable Energy. The remaining four projects…
Govt Plans to Secure N$2,6 Billion in Borrowings This Week
By: Nghiinomenwa-vali Erastus THE government’s treasury has issued a market notice seeking to secure N$2,6 billion in borrowings this week. These funds will not only help bridge the budgetary gap for the 2023/24 fiscal year but also prepare…
Gender Disparities Persist in Namibia’s Farm Ownership
By: Nghiinomenwa-vali Erastus WOMEN own only 24% of commercial farms in Namibia, while the remaining 76% are held by men, according to data unveiled by the Namibia Statistics Agency (NSA). These statistics shed light on the unequal distribution of commercial…
Spectrum Auction Winners Instructed To Expand 4G Coverage
By: Nghiinomenwa-vali Erastus THE successful bidders for radio frequency spectrum in the 703-788 MHz and 790-862 MHz bands, announced last week, have been directed to increase 4G coverage to a minimum of 80% in six regions. This directive comes from…
Power Exporters Will Serve Nam Market When Is Needed
By: Nghiinomenwa-vali Erastus The growing electricity deficit in the SADC region has piqued the interest of more investors in harnessing Namibia’s abundant renewable energy resources for export, in the midst of a domestic deficit. This surge in interest coincides with…
Ministry Passes On Fuel Prices Burden …industries, Transport Sectors, and Off Grid Farmers to feel the pain
By: Nghiinomenwa-vali Erastus MOTORISTS and other consumers of petroleum products will have to pay at least N$3.1 and N$4.1 additional for petrol and diesel following the recent decision to increase fuel prices by the government. The price of petrol…
Poor coordination hampers food security … as lack of data exposes the need for investment in agricultural research
By: Nghiinomenwa-vali Erastus POOR coordination and communication between the government and development agencies is one of the factors hampering effective implementation of policies and programs to improve food security in Namibia. A recent assessment report by the Food and Agriculture…
Investors Opt To Switch N$1.1 Billion Of GC24 Bond
By: Nghiinomenwa-vali Erastus Investors in the government bonds, specifically the GC24 bond which is maturing next year, have submitted an N$1.3 billion switch application for their investment to be moved to other long-term bonds. The switch auction was held…