Author: Justicia Shipena
Namibia Feels the Pinch of OPEC+ Production Cutbacks at the Pump …as the Namibia Bus and Taxi Association seeks fuel increase exemption
By:Justicia Shipena The impact of production cuts by OPEC+ members is beginning to affect Namibian fuel prices. This is according to Abednego Ekandjo, a petroleum economist at the Ministry of Mines and Energy. Mines and Energy Ministry revealed on Monday…
SchlettweinMakes Water Development Strategies Plea …. says Africa is confronting a worldwide water problem that necessitates global solutions
By:Justicia Shipena Africa must take decisive efforts to entirely eliminate all illegal outflows, whether tax or other forms of money smuggled out of the continent. Minister of Agriculture, Water and Land Reform Calle Schlettwein made these remarks at the ongoing…
N$75 Billion From Green Hydrogen In Seven Years, Says !Gawaxab
By:Justicia Shipena Bank of Namibia Governor Johnaness !Gawaxab says that Green Hydrogen could contribute up to N$75 billion to the country’s gross domestic product (GDP) over the next seven years. Speaking during Bloomberg’s ‘Namibia in Focus’ event on Tuesday, !Gawaxab…
Credit BorrowingIn Namibia: A 55% Family Stake
By:Justicia Shipena Credit extended during the month of July to the private sector currently stands at N$119.2 billion, with 55% owned by families, 38% by businesses, and 6% held by foreigners, the Simonis Storm’s Securities’ latest report stated. This comes…
Finland Scouting Finnish Companies For Namibia’s Green Hydrogen …As Namibia’s administrative challenges highlighted by European corporations
Justicia Shipena Finland says it is busy searching for Finnish companies to collaborate on its Green Hydrogen initiatives in Namibia. During an interview with Eagle FM during the Mining Expo and Conference, the Finnish Ambassador for Trade and DevelopmentMinistry for…
Namibia’s Crop Harvest Dips By 9% In 2022/23 …as most homes drained of food reserves
By:Justicia Shipena The Vulnerability Assessment and Analysis (VAA) report shows that Namibia has harvested 9% less during the 2022/23 cropping season. On Wednesday, the office of the Prime Minister officially released the Integrated Phase Classification (IC) report on the findings…
Three Bedroom Houses Rent On 20-Year Rise
By: Justicia Shipena Rent in houses with more than three bedrooms have risen the most in the last 20 years, according to economists at Simonis Storm Securities (SSS). A SSS study on Namibia’s property and housing market for August 2023,…
Protesters To Challenge Commercial Banks And Lawyers On Home Repossessions
By: Justicia Shipena The National Ownership Association will today take to the streets to protest what they describe as “unlawful home repossession by commercial banks and lawyers in Namibia”. The Association claims commercial banks and attorneys in Namibia…
The BRICS Expansion: Namibia’s Case For Inclusion
By: Justicia Shipena Analysts believe that Namibia joining the BRICS (Brazil, Russia, India, China, and South Africa) grouping would be a wise economic step. This comes after the members of the BRICS announced during the just concluded BRICS Summit in…
Economic Growth Projections Hold Steady Amidst Policy Changes
By: Justicia Shipena Despite tightening monetary policy, Namibia will meet its economic growth forecasts this year, according to Floris Bergh, Chief Economist at Capricorn Asset Management. This comes as Namibia’s central bank chose to maintain the monthly policy rate at…