Author: Nghiinomenwa-vali Erastus
Ruacana Hydro Slumped To Lowest Energy Generation In Ten Years…as the call to de-risk the country from its Ruacana over-reliance grows louder
By:Nghiinomenwa-vali Erastus Ruacana Power Station energy generation 780.15 GWhduring 2022 was the lowest recorded for the past 10 years, Nampower said in its report covering the financial year ended 30 June 2022. This is as opposed to 1,505 GWh generated…
Africa Youth Bulge, A Demographic Dividend
By:Nghiinomenwa-vali Erastus Africa has the youngest population in the world with 22.7% of the world’s total youth population of which 454.5 million are between 15 and 34 years. This was said by Wamkele Mene, Secretary-General AfCFTA Secretariat, in his opening…
Education scoops 28.9% of the national budget, with around 81% marked salaries
By:Nghiinomenwa-vali Erastus The country’s Finance Minister Iipumbu Shiimi has joined the public in demanding more from the education facilitators. Shiimi’swas made when he delivered his 2022/23 Budget Statement in Parliament on 24 February 2022. Despite the unsatisfactory performance coming from…
Register Biometrically Or Forget Payout And Annuities- GIPF
By: Nghiinomenwa-vali Erastus Pensioners, beneficiaries, and other annuitants who have not provided their unique biological or physical characteristics for the purpose of identification will not receive their payouts or annuities for March 2023. This has been announced by the Government…
Nam Production Base Shallow, Too Simple…More work is needed to improve production and value addition
By:Nghiinomenwa-vali Erastus Namibia has a shallow and simple production base and, as a result, will struggle to add value and produce complex products, the Fourth Industrialisation Revolution (4IR) Task Force found. This comes at a time when calls countrywide, including…
Pharmacies Has Been Colluding, Fixing Medicine Prices
By:Nghiinomenwa-vali Erastus Various pharmaceutical companies have been colluding and fixing medication prices by adding a 50% markup on the dispensing, which consequentlyhas reduced competition among themselves. The price-fixing scandal has been uncovered by the Namibia Competition Commission involving close to…
FY 2023/24: A Busy Year For The Agri Ministry
By:Nghiinomenwa-vali Erastus The Ministry of Agriculture, Water, and Land Reforms has lined up around seven policies and bills for completion and tabling in parliament in the 2023/24 financial year. These include the Land Bill. This was recently announced by the…
CIF Boss Appeals For The Revival Of Construction Sector
By:Nghiinomenwa-vali Erastus There are economic gains if politicians, government authority and procurement experts can reach consensus to assist the local construction sector, says Bärbel Kirchner, chief executive officer of the Construction Industries Federation of Namibia (CIF). Kirchner’s appealscomes at the…
Namibia Races To Amend Nine Laws As Deadline Looms …. to close money laundering and proliferation financing loopholes
By:Nghiinomenwa-vali Erastus To avoid grey-listing and its negative impacts, government has adopted a strategy to rectify some of its regulatory weaknesses. These are in Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation. Following the review facilitated by the…
Go On Forced Diet, And Resort To Alternative Energy Sources- Inflation Monster
By:Nghiinomenwa-vali Erastus Contrary to the central bank’s theoretical motives to contain inflation by increasing the cost of money (repo rate), the prices of goods in the domestic market have either been increasing or steady. The last time annual inflation has…