Category: Business
Namibia Sees Over 1% Domestic Economy Improvement In 2022
By:Hertha Ekandjo Namibia witnessed an improvement of over 1% in domestic economic growth in 2022. According to the 2022 United Nations Namibia Country Report, the gross domestic product’s growth of 2.7% in 2021 to 3.9% in 2022 was attributed to…
Paragon Commences Groundwork At HKIA
By:Hertha Ekandjo Paragon Investment Holdingsofficially commenced with its ground handling services at the Hosea Kutako International Airport (HKIA) on Saturday. This follows after Menzies was evicted by the Namibia Airports Company (NAC) from HKIA on Saturday morning after it ceased…
Meat And Fish Prices Soar
By:Nghiinomenwa-vali Erastus Meat lovers should prepare to dig deeper into their wallets as the prices of meat products, including fish, has soared. Prices for overall goods and services increased at a rate of 0.3% during the the month of July …
The Construction Sector Outlook Remains Bleak
By:Hertha Ekandjo The construction sector remains bleak, with poor approval and completion results for the year thus far compared to the same period during the pandemic year 2020. According to Simonis Storm Securities (SSS), this has made it likely for…
1.2ml Carat, 45 541 Tonnes Of Gold, Uranium Extracted In 2023
By:Nghiinomenwa-vali Erastus In first six months of 2023, the country’s extractive industry has managed to excavate 1.2 million carats of diamonds, and 45,541 tonnes of gold, uranium, and zinc. This is according to the mining sectoral reportproduced by the Namibia…
Plastic Recycling Company Takes Kavango East Old Mutual Prize
By:Nghiiomenwa-vali Erastus An entrepreneur in the Kavango East region who collects plastic waste and transforms it into environmentally friendly bricks without using water has won N$50,000 seed capital from Old Mutual Foundation to expand his business. The Wapa-Nawa Recycling Centre…
Food Still Biggest Contributor To Inflation … however, decrease in food prices likely
By: Staff writer Food and non-alcoholic beverages were the biggest contributors to inflation after July’s annual inflation rate stood at 4.5%. This is a year-on-year decrease in inflation compared to the 6.8% witnessed in July 2022 as well as…
Villagers To Be Eating From Shops Shelves … or get food relief as food sovereignty dwindles
By:Nghiinomenwa-vali Erastus Communal production of staple food has dwindled so badly in the 2022/23 season, grain like mahanguproduction fell by 54% from the10 year’s average communal production. This implies that many villagers who used to be food sufficient will also…
Nam Producers To Significantly Satisfy August Potatoes
By:Nghiinomenwa-vali Erastus The country’s potato producers will be able to supply much of the country’s demand as of 15 August, the Agronomic Board of Namibia said. It said the imports of potato produce without restriction will only be allowed until…
Food To Be Depleted By End of August, As Calls For Relief Increase …eight more regions will need food relief
By:FransinaNghidengwa Namibia’s food security situation is significantly deteriorating as a result of highly unfavourable agricultural production during the 2022/2023 cropping season. As a result of this, the Ministry of Agriculture, Water and Land Reform says 234,000 people faced hunger between…