Author: Justicia Shipena
Trade Deficits Plague Namibia Despite Encouraging Export Performance
By: Justicia Shipena Namibia continues to have monthly trade deficits even though exports have been growing faster than imports in recent months, financial research firm Simonis Storm has observed. This week, Simonis Storm published a report on trade figures for…
Central Bank Governor !Gawaxab Reiterates Commitment To Tackle Economic Challenges
By:Justicia Shipena Governor of the Bank of Namibia (BoN) Johannes !Gawaxab has reaffirmed that the central bank is prepared and eager to engage closely with stakeholders in order to manage the current economic challenges to support sustainable growth in the…
Private Sector Credit Extension Shows Steady Expansion In May 2023
By:Justicia Shipena Private sector credit extension saw a moderate increase in May 2023. This is in accordance with the most recent private sector credit extension report released by financial research firm Simonis Stormon Tuesday . This comes as financial conditions…
Rising Interest Rates And Inflation Pose Challenges For Household Consumption
By:Justicia Shipena High interest rates and high inflation will continue to have a drag on household consumption, says Ruusa Nandago, an economist at FirstRand Namibia, in the Namibia Household Consumption Report released on Tuesday. In May 2023, inflation had slowed…
FIMA Technical Team On Chapter 5 Concludes Work On Its ToR And Charter
By:Justicia Shipena Chairman of the Financial Institutions Market Act’s Advisory Technical Committee (TAC), Dr Manfred Zamuee yesterday announced that the committee has finalised its Terms of Reference (ToR) and Charter to kick-start its mandate. The 36-membercommittee, which was inaugurated in…
New Bill Seeks To Make BoN Sole Regulator Of All Payment Systems
By:Justicia Shipena Finance and Public Enterprises Minister Iipumbu Shiimi on Tuesday introduced a Payment System Management Billin the National Assemblyto enhance the Bank of Namibia (BoN) payment oversight. Iipumbu noted that the bill is aimed at enhancing the powers and…
New Law Proposed To Deal With Failing Banks, Prevent Money Laundering
By: Justicia Shipena Finance Minister Iipumbu Shiimi has tabled a bill in the National Assembly aimed at overhauling the Banking Institutions Act of 1998 in order to give more authority to the Bank of Namibia (BoN) in resolving failing banking…
NCCI Proposes Reform Of Procurement Laws In Namibia
By:Justicia Shipena The Namibia Chamber of Commerce and Industry (NCCI) has recommended that local procurement laws and regulations be improved and broadened to incorporate frameworks for local content policy. This would boost local participation in growing industries like green hydrogen…
Fuelling Accuracy: The Need For Financial Investment By Oil And Gas Companies In Forecasting Namibia’s Sector Growth
By: Justicia Shipena Oil and gas companies must decide whether to make a financial investment before Namibian experts can publicly anticipate the growth of the sector, economist and director of Cirrus Capital, Rowland Brow, said in an interview with Eagle…
Women Need To Be Involved In Decisions Of Energy Production And Consumption …Says the transition has potential to keep traditional values Intact
By:Justicia Shipena Deputy Director-General of the International Renewable Energy Agency (IRENA) Gauri Singh, at the Women Energise Women Conference in München, Germany, expressed the need for women to be included in the decision-making process regarding how energy is produced and…