Category: Business
The Grid Market Is Not A Monopoly … transmission infrastructure market open for investment
By: Nghiinomenwa-vali Erastus Individuals or groups of investors can enter the electricity transmission market as independent power transmitters by building their networks and maintaining them. Nampower only holds a monopoly over the consumer-funded grid infrastructures. This was confirmed by both…
Nam Imports 47% Of Cereal Grain From Poland
By: Nghiinomenwa-vali Erastus After another dismal grain production at the end of June 2023, Namibia had to spend N$142 million to import cereal grain from Poland, the Namibia Statistics Agency (NSA) said. In the second quarter of 2023, the country’s…
Polytechnic Closure Widened Vocational-University Education Gap – Report
By:Nghiinomenwa-vali Erastus Namibia’s public education sector has a big gap between vocational education training providers and universities. A GIZ-funded report titled,“Enhancing Employability: Skills Needs and Gap Analysis in Namibia’s PtX Sector and Recommendations for a Skills Development Programme”, said this…
Beer Production Dwindled For 2023
By: Nghiinomenwa-vali Erastus The country’s alcohol brewing sector has recorded dismal and gloomy production figures for the past seven months of 2023. The Alcoholic Beverage Production Index, which tracks beer production in the country, has not reached 100 for the…
838 Schools ApplyFor Old Mutual C&D Initiative
By:Nghiinomenwa-vali Erastus The Old Mutual Foundation Chair & Desk (C&D) Initiative received 838 applications from schools around the country, seeking to get their chairs and desks repaired or get new ones, the Foundation revealed this week. The Group Marketing Executive,…
Repo Rate Increases Help Capricorn Rise To Pre-Pandemic Pofits
By:Staff writer Capricorn Group’s profit after tax has increased by 28.7% to N$1.47 billion for the year ended 30 June 2023 , the Group has announced. According to the Group Chief Executive Officer, Thinus Prinsloo, this is due to improved…
Construction Contracting In Windhoek and Swakopmund
By:Staff writer The construction sector is contracting in Windhoek and Swakopmund after approvals fell by 8.0% month on month (m/m) in August. This is a 15.7% year-on-year (y/y) decrease from August 2022. For the year so far, there has been…
Vocational Trainees Assembling Agri Tractor Components …Eenhana VTC trainees to lead assembling
By:Nghiinomenwa-vali Erastus Under the Namibia Agricultural Mechanisation and Seed Improvement Project (NAMSIP), 350 tractors’ components are being procured at the cost of N$300 millionto assemble tractors locally. This was announced by the Minister of Agriculture, Water and Land Reform Deputy…
Limited Education’s Impact On Namibian Job Market
By:Lavinia Shawapala Many rural Namibians do not have access to education or training, making it difficult for them to get formal jobs or establish formal businesses. United Nations Resident Coordinator Hopolang Phororo said this during a multi-stakeholder workshop titled,”Setting the…
Nam Needs 300 Network Towers In Five Years
By:Nghiinomenwa-vali Erastus The country’s telecommunication infrastructure company PowerCom has indicated that the country needs about 300 network towers in the next three to five years, with 30 new required in Windhoek alone. PowerCom revealed this during the inauguration of a…