Author: Nghiinomenwa-vali Erastus
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…
Undeveloped Agricultural Green Schemes Still Up For Grabs
By:Nghiinomenwa-vali Erastus There is no need to claim the communal land for commercial purposes as investors have not taken up the country’s identified undeveloped land for green schemes. Furthermore, some of the 11 green schemes are yet to be taken…
Govt Injects N$15 Million For Mini Desalination Plants
By:Nghiinomenwa-vali Erastus The ministry of agriculture, water and land reform has given the Environmental Investment Fund (EIF) N$15 million to invest in water-softening systems (mini desalination plants) across 10 regions, the Fund announced the capitalisation last week. The collaboration came…
Open Banking- Customer Data Sharing Will Open March 2024
By:Nghiinomenwa-vali Erastus Come 2024, the financial sector, mostly the commercial banks will start giving access to their customers’ data with third party providers. This includes customer transaction data, uptake of financial service, averaged data of balance information and ATM locations….
Trade Cannot BeAnchor For Food Security-Schlettwein…domestic production needs to be intensified
By:Nghiinomenwa-vali Erastus Various adverse developments, globally and on the continent, within food production such as record high prices for food, fertilisers, and energy, as well as supply chain channel disruption, have worsened food security. Domestically, the recurring episodes of floods…
Banks’ Frugality Depends On Economic Outlook
By:Nghiinomenwa-vali Erastus The commercial banks have loaned out N$1,6 billion to resident businesses and N$2,9 billion to households by the end of 2022 compared to December 2021. According to the December 2022 monetary and financial statistics released by the Bank…
Tax Authority Amendments Aimed At Tackling Base Erosion And Transfer Pricing
Nghiinomenwa-vali Erastus In calculating how much tax a company pays, the tax authority has adopted new rules to limit companies’ interest payments to foreign-owned parents outside Namibia if their debt is three times more than their equity. This is according…
Central Govt Borrowing Requirement Of N$82 Billion In Four Years …suggestion to limit govt power to approve foreign loans
By:Nghiinomenwa-vali Erastus In terms of the 2022/23 Fiscal Strategy of the ministry of finance, the country net borrowing requirement stands at around N$82 billion in four years. This means for the past four financial years, the government needed around N$82…
Meatco Sees Light At The End Of The Tunnel …disagrees with minister Schlettwein
By:Nghiinomenwa-vali Erastus Meatco chief executive officer Mwilima Mushokabanji has indicated that despite external factors, internally they have met all the board key performance indicators to get the company profitable. Mushokabanji said what is happening to the company cannot be attributed…