Author: Nghiinomenwa-vali Erastus
Investors Continue To Channel Capital To Govt’s Fixed Income Assets
By:Nghiinomenwa-vali Erastus Between 1 December 2022 and 6 January 2023, investors have offered N$9,7 billion to the government in exchange for treasury bills (TBs), the Bank of Namibia TB Auction results for the 01, 08, 15, 22 December 2022, and…
SACU Yet To Finalise Tariff Offers For The AfCFTA
By: Nghiinomenwa-vali Erastus Namibia, under the configuration of the Southern African Customs Union (SACU) is yet to finalise her tariff offer for the Africa preferential trade arrangement. Ministry of industrialisation and trade, Lucia Iipumbu, made a presentation at a discussion…
Nam Imported N$3,4 Billion In Agronomic And Horticulture Products In 5 Quarters
By: Nghiinomenwa-vali Erastus The country’s inability to produce enough cereal grains and fresh produce has forced consumers to go and buy outside, spending N$3,4 billion in the last 15 months ending September 2022. Out of this import bill, cereal grain…
Transition Cannot Be Met Without Green Skills, Jobs
By: Nghiinomenwa-vali Erastus An analysis by LinkedIn has indicated that green skills and jobs are urgently needed to power the green transition. Their report provided new data on green skills and jobs from all across the world that depict where…
Fishrot Plunges Nam Under Spotlight for Money Laundering and Financial Crimes
By: Nghiinomenwa-vali Erastus Due to the Fishrot scandal, Namibia is now under scrutiny by the International Cooperation Review Group due to some deficiencies in its domestic Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation (AML/CFTP) Framework which present…
Namwater Completes First Part of the Omahenene-Olushandja Canal Reconstruction
By: Nghiinomenwa-vali Erastus The renovation of the first section of the 150 kilometres Omahenene-Olushandja Open Water Canal in the Omusati region has been completed. The 5,8 km of the water canal was jointly commissioned this week by the ministry of…
The Scramble for Electricity…Zambia to become the power saviour
By: Nghiinomenwa-vali Erastus Three countries of the Southerm African Development Community (SADC) are facing power problems as their internal power generation capacities fail to meet local demand. As a result, they will be competing to grab excess power in the…
School Uniform Manufacturing Project Opened At Nkurenkuru
By:Nghiinomenwa-vali Erastus The Namibian government has inaugurated a school uniform manufacturing project at the Nkurenkuru town in Kavango West region to cut on the country’s heavy reliance on school uniform imports. The country imports 90% of school uniforms and sportswear…
Poultry Products Imports Suffocate Local Production
By:Nghiinomenwa-vali Erastus The Namibia Agricultural Union (NAU), in its latest Third Quarter Agri-Review 2022, has revealed that the country has advanced in poultry products production, but the sector is under threat from a high influx of poultry meat and products,…
Expensive Money And Risk-Aversion Casting Shadows On The Recovery
By:Nghiinomenwa-vali Erastus Analysts are worried that the cost of money and banks becoming too shy to lend will affect the Namibia’s economic recovery. To date, the Bank of Namibia has increased the benchmark rate by around 300 basis points as…