Author: Nghiinomenwa-vali Erastus
Only 2 200 placed of the around 30 000 registered Jobseekers for 2022
By:Nghiinomenwa-vali Erastus Updates from the ministry tasked with employment creation in the country revealed that it has registered around 29,935 in 2022 and only 2,200 of those managed to be placed (got employed). The ministry indicated that in responses to…
FIC Flags Potential Proceeds Of Crimes
By:Nghiinomenwa-vali Erastus The country’s financial watchdog has disseminated 52 intelligence disclosures to various law enforcement agencies between July and September 2022, highlighting potential financial criminal activities in the country’s financial system, encompassingfraud, potential tax evasion, and illegal deposits. The Financial…
Rigorous Scrutiny for Politically Exposed Persons Vying for Bank Boards
By:Nghiinomenwa-vali Erastus The Bank of Namibia (BoN) has directed commercial banks to perform advanced due diligence on politically exposed individuals’ wealth before they appoint them as their board of directors. This, the BoN says, is to limit conflict of interest…
CRAN To Dishout 800MHz Spectrum To Improve 4G Coverage
By:Nghiinomenwa-vali Erastus A 2022 study by the Communication Authority has revealed that the assignment of 800MHz spectrum to the two national operators – MTC and Telecom Namibia – would help narrow the broadband coverage gap considerably. This finding is in…
Passenger Train Not Lucrative Now But Critical
By:Nghiinomenwa-vali Erastus The lack of alternatives for long travel in the country has seen bus operators charging exorbitant prices during the end of the festive period until TransNamibia decided to chip in. Various holidaymakers and schoolkids were stranded in the…
NamPower Partners With IPPs To Boost Internal Generation Capacity … IPPs rake in almost a billion in revenuein two years
By:Nghiinomenwa-vali Erastus For the past two years, the country’s power utility NamPowerhas sourced electricity from local Independent Power Producers (IPPs) worth N$920 million. According to updates received by The Villager from NamPower, the power utility has indicated that it has…
Recent Showers Insignificant For Hydro Electricity Generation
By:Nghiinomenwa-vali Erastus Electricity utility Nampower said the recent rains had no significant impact on the Ruacana catchment area to improve local electricity generation. This has worsened local power supply security and increased dependence on imports at the time Namibia’s electricity…
Half Of Sub-Saharan Africa Is In The Dark
By:Nghiinomenwa-vali Erastus An assessment by the World Bank and International Monetary Fund’s economists indicated that about half of the population of Sub-Saharan Africa does not have access to electricity. Those with electricity pay on average nearly twice as much as…
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…