Author: Justicia Shipena
Dates Dominate Export Earnings
By: Justicia Shipena Dates were the biggest export earner of horticulture goods during the second quarter of 2023, recording N$25.8 million in export revenue. Tomatoes and vegetable seeds came in second, reporting N$3.3 million and N$1.4 million in revenue,…
Namibia’s Carbon Reduction Commitment Questioned …As SDGs are said not to beon track
By:Justicia Shipena According to analyst Henning Melber, a new issue for Namibia at the UNGA will be mineral resources, specifically green hydrogen, and Namibia’s ambitions to become the continent’s energy hub. More than 140 world leaders, including President Hage Geingob,…
Rising Oil Prices: A Looming Threat to Namibia’s Inflation
By:Justicia Shipena The rise in oil prices may result in higher transportation costs, which might contribute to growing inflation in Namibia. This is according to economists at Simonis Storm Securities. Inflation rates demonstrated a persistent rate below the 5% threshold…
Central Bank Reprimands Commercial Banks Over Profit Shifting
By:Shipena The Bank of Namibia (BoN) has issued a stern warning to commercial banks over profit shifting. “Banks were informed that the Bank of Namibia will not entertain profit shifting and transfer pricing practices, which are done via service level…
Inflation Hits The Kitchen: Vegetable Prices Climb 16.9% in August
By:Justicia Shipena Namibians had to spend more money on veggies in August since prices rose by 16.9%, according to the Namibia Consumer Price Index data published by the Namibia Statistics Agency (NSA). The country’s annual inflation rate for August was…
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…