Author: Justicia Shipena
Namibia Welcomes ICJ Ruling, Urges Compliance
By: Justicia Shipena Namibia has welcomed the recent International Court of Justice (ICJ) ruling on South Africa’s case against Israel, acknowledging a plausible risk of genocide in Gaza by Israel. The ICJ has ordered Israel to try to…
Meatco Criticised for Underselling Beef on Foreign Markets
By: Justicia Shipena Economist Salomo Hei says the practice of underslling beef on the international markets employed by the troubled Meat Corporation of Namibia (Meatco) is a detrimental business approach. The Bank of Namibia (BoN) recently disclosed that…
Gloomy Prospects for Construction Sector in Windhoek
By: Justicia Shipena The construction sector in Windhoek is currently facing challenging times marked by lacklustre performance as construction projects continue to dry up in the capital city. According to a report on building data for December 2023…
‘FIMA Should Not Threaten Private Sector Pension Funds’…private sector funds irked by lack of clarity on National Pension Fund proposal
By: Justicia Shipena The Namibian Building Workers Pension Fund (NBWPF) has expressed concern about the lack of clarity regarding the Financial Institutions and Market Act (FIMA) and its potential mandatory preservation requirements of retirement assets. “The fact that we…
Concerns Raised Over Uranium One’s Proposed In-Situ Leaching
By: Justicia Shipena The Stampriet Aquifer Uranium Mining Association (SAUMA) has raised serious concerns about potential violations of Namibian environmental laws in the Environmental Impact Assessment (EIA) process conducted for the in-situ leaching mining method proposed by…
Namibia Exported N$95.7 Million Worth of Goods to Liberia Over 7 Years
By: Justicia Shipena Namibia has exported commodities valued at N$95.7 million to Liberia between 2015 and 2022, as reported by the Namibia Statistics Agency (NSA). The utilisation of the African Continental Free Trade Area (AfCFTA) played a crucial…
Five Green Schemes Have Potential To Replace Grain, Other Imports …as Schlettwein criticises AgriBusDev for failures
By: Justicia Shipena Minister of Agriculture, Calle Schlettwein, has confirmed that some strides are being made in a few of the government’s in-grain production efforts, however, has strongly criticised the now-defunct Agricultural Business Development Agency (AgriBusDev) for its failure…
China Tops Namibia’s Export Markets in November 2023, Led by Onions
By: Justicia Shipena In November 2023, China emerged as Namibia’s leading export market, while South Africa maintained its position as the primary supplier, according to the Namibia Statistics Agency (NSA) Merchandise Trade Statistics Bulletin Report. “Namibia’s trade composition…
Namibia-Germany Tensions Unlikely to Affect Projects Valued at N$12.9 Billion
By: Justicia Shipena Developmental projects under implementation in Namibia with the help of the German government are expected to remain unaffected amid diplomatic tensions between the two states. President Hage Geingob recently criticised Germany’s decision to support Israel…
Trustco Group Sets Sights on N$2.4 Billion Capital Infusion
By: Justicia Shipena Trustco Group Holdings Ltd has outlined plans to raise N$2.4 billion from shareholders, signalling its commitment to harness Namibia’s economic potential. In a media release on Tuesday, the group announced ongoing negotiations with significant investors,…