Category: Business
Engen Signs Exclusive Fuel Sponsorship With WBCG
By: Dolly Menas The Walvis Bay Corridor Group (WBCG) and Engen Namibia have formalised a fuel sponsorship Memorandum of Agreement (MoA), designating Engen as the exclusive fuel sponsor for WBCG effective from 1st February. Valued at N$100,000, the year-long…
Record High in Coal-Generated Electricity in 2023
By: Nghiinomenwa-vali Erastus An analysis by Reuters researchers reveals that global electricity generation from coal reached unprecedented levels in 2023, with thermal coal exports surpassing 1 billion metric tons for the first time. These findings shed light on…
Namibia Exported N$95.7 Million Worth of Goods to Liberia Over 7 Years
By: Justicia Shipena Namibia has exported commodities valued at N$95.7 million to Liberia between 2015 and 2022, as reported by the Namibia Statistics Agency (NSA). The utilisation of the African Continental Free Trade Area (AfCFTA) played a crucial…
Khomas Consumers Pay More for Sunflower Oil
By: Justicia Shipena Consumers in the Khomas region paid the highest to acquire pure sunflower oil in December due to a surge in the prices of this essential commodity. This is according to data contained in the recently released…
75% of Business Robberies Linked to Insiders … Inspector General Calls for Vigilance
By: Ludorf Iyambo A staggering 75% of reported business robberies in Namibia involve insiders where individuals collaborate with thieves. This is according to Inspector General of the Namibia Police Force Joseph Shikongo who warned businesses to be vigilant and…
Trade Minister Urges Local Businesses to Collaborate
By: Dolly Menas Minister of Trade and Industrialisation, Lucia Iipumbu, says Namibians should start working together by forming joint ventures to be able to compete in various sectors of the economy as opposed to complaining about foreign…
Namibia Continues to Struggle with Electricity Generation …Imports 63.5% in October
By: Nghiinomenwa-vali Erastus Namibia faced a significant energy challenge in October as the country only managed to generate 36.5% of its total electricity demand. As a result, the country imported the remaining 63.5% from neighbouring countries to meet demand. According…
Govt to Waive N$126 Million in Corporate Taxes for Skills Development
By: Nghiinomenwa-vali Erastus and Abigail Nalisa The government is set to waive N$126 million in corporate income tax revenue in an attempt to encourage employers to recruit more interns. This move, constituting 2% to 5% of corporate income tax (non-mining…
MTC Faces Earnings Margin Decline Amid Economic Challenges
By: Nghiinomenwa-vali Erastus Namibia’s largest mobile operator, MTC, has reported a decline in its earnings before interest, tax, depreciation, and amortisation (EBITDA) margin, primarily attributing it to economic hardships impacting disposable income and increased costs of sales. The EBITDA…
Shebeens and Casinos in Oshana to Operate During the Festive Season
By: Ludorf Iyambo Owners of shebeens and casinos in the Oshana region will be granted permission to operate during the forthcoming festive season, marking a departure from the tradition of prohibiting the sale of alcohol on Christmas. This was announced…