Author: Nghiinomenwa-vali Erastus
FIC Keep Flagging More Potential Tax Evasion-Related Crimes
By: Nghiinomenwa-vali Erastus From April to August this year, the Financial Intelligence Centre has flagged 47 activities and transactions within the country’s financial system as predicate crimes/offences. As a result, the financial watchdog has prepared 47 spontaneous report/intelligence disclosures…
Fuel, Interest Rate, Inflation Forcing Households To Downscale
By: Nghiinomenwa-vali Erastus Property owners are facing one of the worst dilemmas caused by various macroeconomic variables beyond their control. Mortgage instalments are up, building material inflation is on an upward trajectory; however, landlords and developers will be too careful…
Local Environmental Fund Re-accredited To Access GCF Capital
By: Nghiinomenwa-vali Erastus The Environment Investment Fund of Namibia is again officially recognised as having the globally recognised standards, competence, and governance systems to access the financial resources of the Global Climate Fund. Last week, a statement released by the…
Nam Informal Economy Conundrum and Transition Cost
By: Nghiinomenwa-vali Erastus If one formalises their business, they face costly compliance matters. If they don’t, they face harassment from the police and municipalities and do not benefit from various fiscal packages, but one can keep their untaxed profit. This…
More Urgent Stimulus Needed to Support Recovery
By: Nghiinomenwa-vali Erastus There is an urgent need to lubricate the economy to further support the generally benign economic activities across many sectors, said the central bank governor, Johannes !Gawaxab. The Bank of Namibia governor highlighted the need in a…
Out of 800 Registered Producers, 500 Are Small-Scale
By: Nghiinomenwa-vali Erastus More than 50 per cent of the total number of the registered producers on the Namibia Agronomic Board’s Agricultural Marketing Information Database systems are smallscale producers from the Northern Communal Area. The Namibia Agronomic Board (NAB)…
EIF N$1 million Investment Enhances Farm Vrede
By: Nghiinomenwa-vali Erastus Investment in reverse osmosis units for the three communities of Farm Vrede, Goiegeluk Pos, and Santamab Pos has enabled them to have turned their salty water into potable drinking and irrigation water. According to the Environment Investment…
Councillor Kamati’s Motion Highlights City’s Failure To Informal Traders
By: Nghiinomenwa-vali Erastus In her motion tabled last week, City of Windhoek councillor Queen Kamati said the councilors only approve malls/hubs to be built in the city but no provisions are made for informal trading areas, bus terminals, and taxi…
Fertiliser, Seeds, Electricity, Mechanisation Cost Irks Musese Small-scale Farmers
By: Nghiinomenwa-vali Erastus Small-scale farmers operating under some of the government’s green schemes projects have expressed dismay with the method used by the Northern Electricity Distribution company (Nored) to charge them for the power used to produce food. Nine small-scale…
N$116,2 Billion Channelled Into the Economy Through Loans
By: Nghiinomenwa-vali Erastus On average, a complete house in Namibia is around N$1,2 million, a price range which is beyond many, if not all salaried people. As a result, people take out mortgage loans to buy homes. In his opinion…