Author: Justicia Shipena
Standard Bank Namibia Raises N$400 Million In 2022 For Renewable Projects
By:Justicia Shipena Standard Bank Namibia Holdings Limited raised N$400 million in debt capital markets funding in 2022 through a green bond sale, said its outgoing Chief Executive Officer Mercia Geises. The bank has released its annual report for 2022 in…
Agricultural Sector Continues To Perform Poorly … but the livestock sector recorded a positive growth
By:Justicia Shipena Despite all industry subsectors’ outputs increasing in 2022, the agricultural sector continues to perform poorly, according to Simonis Storm’s Agricultural monthly report for March. The agriculture industry saw an overall growth of 2.6% in 2022, with animal farming…
Continued Inflation Puts Pressure On Households …may increase financial stability risk
By:Justicia Shipena Inflationary pressures continue to mount on households, potentially affecting their ability to service debts. This is according to the Bank of Namibia’s (BoN) and Namibia Financial Institutions Supervisory Authority’s (Namfisa) latest financial stability report. The report emphasises unique…
Banking Institutions Act Not Clear Over BON Powers Over Banking Charges
By:Justicia Shipena The Bank of Namibia (BoN) says the Banking Institutions Act lacks a clear directive authorising the central bank to control fees and charges imposed by the banks. This was disclosed in an interview with The Villager by Kazembire…
Old Mutual Injects N$300k Into National Internship Programme
By:Justicia Shipena Telecommunication giant MTC has received an additional N$300,000 from Old Mutual Namibia for its Namibia National Internship Programme (NNIP). Old Mutual’s sponsorship for the internship programme comes after Standard Bank Namibia contributed N$200,000 to the programme in January…
DBN Second Recovery Scheme Welcomed
By:Justicia Shipena The Economic Association of Namibia has welcomed the launch of the Development Bank of Namibia’s (DBN) second recovery scheme. DBN stated on Monday that it would be taking part in the Bank of Namibia’s (BoN) SME Economic Recovery…
Namibia Gets N$1.8 Billion Loan To Address Water Issues
Justicia Shipena, Annakleta Haikera The African Development Bank (AFDB) has granted Namibia a loan of N$1.8 billion for its water sector support programme (NWSSP). Agriculture Minister Calle Schlettwein, made this revelation during the weekend’s celebration of the Samora Machel and…
Best Occupancy Rates Recorded In 2023 Since Covid
By:Justicia Shipena The national occupancy rate for the first quarter of 2023 displayed excellent results since the start of the global Covid-19 pandemic. In the first quarter of 2023, the occupancy rate was on average 36.5%, according to a Simonis…
Minimum Wage Recommendations Report With Utoni Nujoma …Minister to to decide whether to make It public or not
By:Justicia Shipena The content of a report by the Minimum Wage Commission, has been in the hands of Labour Minister Utoni Nujoma for more than a year without action. In February 2021, Nujoma appointed the Commission and tasked it with…
Namibia Secures Funding For Climate Readiness Project … Funding to support green hydrogen feasibility study
By: Justicia Shipena A seven-month project by the Environmental Investment Fund of Namibia (EIF) will support a feasibility study on the three valleys of the Green Hydrogen Strategy, among others. The EIF on Tuesday announced it has successfully secured…