Author: Justicia Shipena
Repo Rate To Remain at 7.75% Economists Predict
By: Justicia Shipena Economists anticipate the Bank of Namibia’s Monetary Policy Committee (MPC) to maintain the repo rate at 7.75% due to the substantial rate difference compared to South Africa. Robert McGregor, an economist at Cirrus Capital said…
Cooling Innovations: Engines of Job Creation and Economic Prosperity
By: Justicia Shipena Minister of Industrialisation and Trade, Lucia Iipumbu, says the cooling sector has the potential to drive innovation, create jobs, and foster economic growth. Iipumbu who spoke during the stakeholder consultations on the draft Special Economic…
Namibia’s Trade Links with Mercosur Countries at 2% after Eight Years
By: Justicia Shipena Namibia’s trade with Mercosur, the Southern Common Market, currently stands at just two percent. Mercosur, is a South American trading alliance comprising Argentina, Brazil, Paraguay, and Uruguay, which aims to promote free trade and facilitate…
Trade Official Calls for Expansion of Namibian Export Base to China
By: Justicia Shipena A government official in the Ministry of Industrialisation and Trade have called for the expansion of Namibia’s trade relations with China by diversifying a range of local products for the Chinese market. Namibia enjoys a…
Brazilian Ambassador Sees Potential Namibia-Brazil Collaboration in Green Hydrogen Sector
By: Justicia Shipena Vivian Sanmartin, the Brazilian ambassador to Namibia, expressed optimism about potential collaboration between Namibia and Brazil in the green hydrogen sector. This aligns with Namibia’s ongoing development of a green hydrogen project within the Tsau/Khaeb…
EIF Plans to Raise N$300 Million Funding to Boost Green Youth Entrepreneurship
By: Justicia Shipena The Environment Investment Fund (EIF) is planning to launch a concessional loan facility aimed at empowering youth entrepreneurs engaged in green initiatives, with plans to scale up to N$300 million by the 2024/2025 fiscal year….
NBL Transitioning Towards 100% Green Energy Brewing … targets zero landfill waste by next year
By: Justicia Shipena Namibia Breweries Limited (NBL) is embarking on a journey towards utilising 100% green energy in its brewing operations, with the aim of achieving zero waste to landfill by the upcoming year. Currently, NBL relies on 80%…
Digital Currency Introduction Requires Thorough Justification – Bank of Namibia
By: Justicia Shipena Digital currency will only be introduced in the country when the central bank is fully convinced that such a move will not jeopardise the security and stability of the Namibian economy. The Central Bank’s Governor…
BIPA Extends Annual Duty Penalty Waiver Grace Period
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced an extension of its Annual Duty Penalty Waiver Programme for an additional three months, now ending on 30 June 2024. The initiative launched late last year offers…
Windhoek Draught Loses Market Share Despite Dominating As Top Namibian Brand
By: Justicia Shipena While Windhoek Draught maintains its position as the leading brand in Namibia, it has seen a decline in its market share. Peter Simons, Managing Director of Namibia Breweries Limited (NBL), revealed this information during the company’s…