Author: Nghiinomenwa-vali Erastus
Bank of Namibia Vows to Fight Trustco
By: Nghiinomenwa-vali Erastus In a two-sentence press release yesterday, the central bank has indicated to the market they will defend the central bank supervisory actions to deny Trustco Bank Namibia commercial status. The Bank of Namibia (BoN) director for…
WBCG Calls on the Zambian Govt to Procure Fertilisers via Walvis Bay
By: Nghiinomenwa-vali Erastus Last week the Walvis Bay Corridor Group pitched to Zambia to utilise the Walvis Bay Port for its fertiliser imports and others. This is after the Zambian government indicated that it will procure 256 000 metric…
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…