Author: Nghiinomenwa-vali Erastus
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…
Exclusive Agreements and Collusion Lands Old Mutual In N$6 Million Trouble
By: Nghiinomenwa-vali Erastus The Namibia Competition Commission has fined Old Mutual Short Term Insurance for engaging in activities that were weakening the competition. The short-term insurance company is being punished for playing dirty (anti-competitive agreements) within the car windscreen and…
Domestic Factors of Production Generated N$178.4bn in 2021
By: Nghiinomenwa-vali Erastus The country’s Gross National Income stood at N$178.4 billion in 2021 as compared to N$173.5 billion recorded in 2020, representing an expansion of N$5.0 billion. This represents the income generated by the country’s economic resources, both…
Livestock Production Costing an Arm, And a Leg
By: Nghiinomenwa-vali Erastus The sky-rocketing inflation of production costs is eroding total farm profitability as measured by the net surplus per farm per year. As a result, it has made it less rewarding for those who are risking or…
Local Renewable Energy Generation Below 10%
By: Nghiinomenwa-vali Erastus The quest for energy security is still a dream away for Namibia. The current 20 Independent Power Producers only account for 8.6% of the country’s installed generation capacity. This is equivalent to 167.9MW, increasing by 1.2% from…
State Needs N$650 Million Next Week Thursday
By: Nghiinomenwa-vali Erastus The Government will seek to borrow N$650 million from the market (from corporates and individuals) to fulfil its budgetary promises. According to an invite by the Bank of Namibia, it plans to hold an auction next…
14 759 Tonnes of Minerals Shipped Out of Namibia in May & June
By: Nghiinomenwa-vali Erastus In the past two months (May and June 2022), 14 759 tonnes of uranium, zinc, gold and 397 990 carats of diamond were dug out of Namibia by various multinational companies. This is according to the…
Windhoek Will Tightly Regulate Home Shops
By: Nghiinomenwa-vali Erastus A new policy is currently under discussion within the City of Windhoek that will regulate the practice of home shops in residential areas. The office of the chief executive confirmed yesterday in response to what has…
Growth at Home Phase II to focus on Wood Charcoal Processing
By: Nghiinomenwa-vali Erastus Among the sectors to be prioritised under phase two of the country Growth at Home Strategy is Agro-processing (Wood Charcoal), the ministry of industrialisation announced. The Ministry of Industrilisatoion and Trade announced last week that it…
Going Green with Mobile Solar Powered Water Transfer Pump
By: Nghiinomenwa-vali Erastus There has been advocacy to derisk the country’s agricultural sector from rain dependence, with the former Agribank head Sakaria Nghikembua been leading the call. A local company Water Engineering Africa has taken advantage of the much…