Author: Nghiinomenwa-vali Erastus
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…
Capricorn Foundation to Capitalize Christ Hope Food Garden Projects
By: Nghiinomenwa-vali The Christ Hope has received N$300 000 in seed capital from the Capricorn Foundation for the centre to commence its mass food gardening project. The three gardens to be commenced will benefit 637 children and 380 families…
It Rained Cash at Bank of Namibia Bond Auction
By: Nghiinomenwa-vali Erastus In interesting events at the Bank of Namibia government bonds auction on Wednesday, the treasury decided to borrow more money than they advertised last week. In the advert last week, the central bank invited investors to…
Nam Borrowing To Consume, Not To Produce
By: Nghiinomenwa-vali Erastus Debt has been used more for consumption than investment, in the last 16 years. An assessment by Simonis Storm based on the private sector credit extension indicates the amount of money lent to the private sector….
The Chronicles of SOEs Market Capture and Inefficient Costly Dominance
By: Nghiinomenwa-vali Erastus Legalised monopolies operating as State Owned Enterprises have created anticompetitive effects, becoming barriers to the participation of efficient and transformative private players. An assessment by the World Bank contained in a Private Sector Diagonastic report for…
Nam Consumers Spend N$3,7bn On SA Goods In June
By: Nghiinomenwa-vali Erastus For June 2022, Namibian consumers have bought N$3,7 billion worth of goods from South Africa. However, Namibians only managed to sell N$1,5 billion worth of goods to South Africans during the same period, the June 2022…
The Kavango Regions’ Economic Potential Chorus
By: Nghiinomenwa-vali Erastus Beyond the agricultural sector, the two Kavango regions have been cited for having massive economic potential, especially food security. Despite this lauded potential, the two regions host most of the green schemes (seven of them), with many…