Author: Justicia Shipena
ReconAfrica Exploration Campaign Set To Start Later This Year
By: Justicia Shipena ReconAfrica, a Canadian oil and gas firm, will begin drilling for additional wells later this year. This follows after the Office of the Environmental Commissioner in the Ministry of Environment, Forestry and Tourism granted ReconAfrica an…
Economists Foresee Modest Consumption Spending In Future
By:Justicia Shipena Future consumption spending is expected to be modest, according to economists at Simonis Storm Securities (SSS). Real consumption spending fell by 4.4% year over year in the first quarter of 2023, according to the financial research firm’s report…
Namibia Is Ready For Business – Vice-President Mbumba
Justicia Shipena Investors attending the US-Africa Business Summit in Gaborone, Botswana, received assurances from Vice President Nangolo Mbumba that Namibia is prepared for business. Mbumba, who is leading a high-level delegation to the summit, invited potential investors to the country…
Non-Banking Financial Institutions’ Assets Increase To N$381.8 Billion
By:Justicia Shipena Assets held by non-bank financial institutions (NBFIs) increased by 4.3% to N$381.8 billion during the first quarter of 2023. An NBFI is a financial institution, such as an insurer, that does not have a full banking licence and…
Food And Non-Alcoholic Beverage Categories See Major Price Adjustments
Justicia Shipena Food and non-alcoholic beverages were among the categories that saw the largest levels of price adjustments during the past month, according to the Namibia Statistics Agency (NSA). On Tuesday, NSA released its Namibia Consumer Price Index report which…
Amupanda Turns Down ACC Cooperation On Higher Education Minister Corruption Probe
By:Justicia Shipena The Anti-Corruption Commission’s request for Affirmative Repositioning leader, Job Amupanda to offer information about allegations of corruption against the Minister of Higher Education, Training and Innovation hit a brick wall. Amupanda recently made several accusations on social media,…
Health Minister Shangula Sounds Alarm On Dangers Of Illegal Narcotics
By:Justicia Shipena The presence of illegal narcotics and other substances in Namibia, according to health minister Kalumbi Shangula, is a major problem for the country. Speaking at the inauguration of the National Drug Control Commission on Friday, Shangula said the…
Declining Inflation Offers Little Relief As BoN Governor Emphasises Ongoing Economic Vulnerability
By:Justicia Shipena Amidst the high cost of living and inflation shocks driving down, countries are not out of the woods yet, the Governor of Bank of Namibia (BoN) Johannes !Gawaxab has said. For the second quarterly Common Monetary Area (CMA)Governors’…
No Plans To Abandon: BoN Stays Committed To US Dollar For International Trade
By: Justicia Shipena Despite recent reports that countries are moving away from the US dollar, Namibia’s central bank is not considering allowing the country to purchase goods such as oil in its local currency. This comes as The Villager in…
//Hoebes Raps Seibeb On The Knuckles Over Green Hydrogen
By: Justicia Shipena Minister in the Presidency Christine //Hoebes has described Landless Peoples Movement (LPM) parliamentarian, Henny Seibeb’s allegations against the Green Hydrogen project as “deceptive and selfish” in pursuit of a misplaced political goal. //Hoebes was responding to Seibeb’s…