Category: Business
Opinion: Early Signs of Financial Trouble
By: Eddie King Early signs of financial trouble often go unnoticed until they escalate into more severe issues. Recognising these signs can help individuals and small businesses take proactive steps to mitigate financial distress and avoid potential defaults. One…
Local Mushroom Grower Shares Her Farming Journey … plans to enter Zambian market
By: Mathias Hangala Many aspiring farmers struggle with indecision, uncertain about which farming ventures are most lucrative. For Penepandulo Fillemon, a farmer from Okalongo in the Omusati region, the answer lay in something unique: mushrooms. Fillemon’s journey began…
Shell’s N$7.5 Billion Write-Down Not an Industry Setback, Analysts Say
Justicia Shipena, David Shoombe, and Rudolf Iyambo Oil and gas analysts believe that Shell’s N$7.5 billion ($400 million) write-down of its offshore Block PEL39 does not signify a setback for Namibia’s burgeoning oil sector. Shell recently announced the…
Lack of Data Sharing Legislation Hindering Economic Growth
By: Dwight Links The absence of comprehensive legislation to facilitate data sharing between public and private stakeholders is posing significant economic challenges in Namibia and globally. This was highlighted by Hennock Immanuel from the Namibia Statistics Agency (NSA)…
Second Lowest Pork Imports Recorded in October
By: Nghiinomenwa-vali Eratus Namibia recorded its second-lowest pork imports of the year in October 2024, with only 35,734 kilograms of pork products brought into the country. This significant reduction has been attributed to an increase in local pork…
N$58.4 Million License Fees Drive MTC’s Earnings Down
By: Justicia Shipena The Mobile Telecommunications Company (MTC) has reported a decrease in its annual earnings for the current financial year, largely attributed to “extraordinary regulatory costs”, including the settlement of annual license fees totalling N$58.4 million. This…
FNB Wins Best Bank Award
By: Kavee Vezemburuka The First National Bank of Namibia (FNB), won the Banker’s Bank of the Year Award 2024 for the Best Bank in Namibia. The award celebrates the best in global banking and acknowledges outstanding achievements within…
N$37.2 Million Spent on Live Chick Imports to Date…a market for a commercial hatchery exists
By: Nghiinomenwa-Vali Erastus Namibia spent N$37.2 million importing live chicks over the 12 months ending October 2024, according to the Namibia Statistics Agency’s (NSA) monthly trade statistics. On average, the country has spent N$2.9 million per month on…
Borders Closed for Most Vegetable Imports This Month
By: Loise Shiimi The Namibian Agronomic Board (NAB) has announced that the country’s borders will be closed to nearly all vegetable imports throughout December. From 1 to 31 December, the importation of 15 out of 20 specially controlled…
Namibia’s Exports Decline While Imports Surge
By: Kavee Vezemburuka Namibia’s export revenue for October 2024 declined by 3.8%, falling to N$8.7 billion from the N$9.0 billion recorded in September, as detailed in the Namibia Statistics Agency’s latest Merchandise Trade Statistics Bulletin. On the other…