Author: Justicia Shipena
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…
Namibian And Angolan Associations Join Forces For Joint Investments In Oil And Gas Sector
By:Justicia Shipena A Memorandum of Understanding (MoU) has been signed between Namibia and Angola to jointly explore investment opportunities within the oil and gas sector. The signing between the Namibian Association for Offshore Oil and Gas Service Providers (NAOGSP) and…
Shifeta Advocates Stronger Drought Policies
By:Justicia Shipena Environment, Forestry and Tourism Minister Pohamba Shifeta has called for more drought policies to be implemented. Shifeta made the call during the African Ministerial Conference on the Environment (AMCEN). The AMCEN’s nineteenth session was held in Addis Abba,…
South Africa and Namibia Seek Sustainable Energy Solutions
By:Justicia Shipena Minister of Mines and Energy Tom Alweendo has met with South Africa’s Minister of Electricity Kgosientsho Ramokgopain Windhoek on Friday to strengthen bilateral ties in the energy sector. The meeting spurred discussions of cooperation for green hydrogen in…
Access to Deposits Preserved Despite Trustco Bank’s Suspension
By:Justicia Shipena Despite the Bank of Namibia’s (BoN) temporary suspension of Trustco Bank, clients would retain access to their deposits. Trustco Bank’s ability to function as a financial institution was suspended with immediate effect by BoN on Friday. The suspension…
N$343 Million Karibib-Usakos Chinese Tender Pushes Forward, Amid Backlash …sector calls for project cancellation, re-advertising
By:Justicia Shipena The Construction Industry Federation (CIF) is enraged that the Karibib-Usakos road rehabilitation project is proceeding. This follows the announcement by the Roads Authority (RA) that it has chosen contractors and subcontractors for the reconstruction of the road in…