Category: Business
Nkurenkuru Expo Is An Enabler For Economic Growth – Pohamba
By: Annakleta Haikera Former President Hifikepunye Pohamba said the Nkurenkuru Expo 2023 provides an opportunity to unlock investment opportunities in the town which is the administrative capital of the Kavango West region. He said this in a speech delivered on his behalf…
About 442,000 Of The 2,5 Million Namibians Are Medically Covered
By:Nghiinomenwa-vali Erastus About 82% of the country’s estimated 2,5 million population are at the mercy of the public health system as they are not medically covered. The latest medical insurance coverage shows that only 441,777 are benefiting from medical coverage…
New Law Proposed To Deal With Failing Banks, Prevent Money Laundering
By: Justicia Shipena Finance Minister Iipumbu Shiimi has tabled a bill in the National Assembly aimed at overhauling the Banking Institutions Act of 1998 in order to give more authority to the Bank of Namibia (BoN) in resolving failing banking…
Building A Stronger Future Together … as the world celebrates the contributions of MSMEs to building a better future
By:Nghiinomenwa-vali Erastus Yesterday was commemorated as a Micro, Small and Medium-sized (MSMEs) Enterprises Day. On the occasion, the Manager for MSME Ecosystem Optimisation at the Namibia Investment Promotion and Development Board, Claudia Capelao, wrote an opinion piece, stating that often…
Business Calls For Increased Public Sector and Private Interaction … As turbulent times require timely decisions.
By:Nghiinomenwa-vali Erastus The private sector has indicated that access to policymakers on time is their main recommendation to the government in the journey of economic transformation. In his State of Business Address (SoBA) delivered yesterday, the President of the Namibia…
Govt Will Accept Unsolicited Project Proposals, But Will Still Go To Tender
By:Nghiinomenwa-vali Erastus A private party – be it an individual or company – may identify a project that meets certain requirements and propose it to the government to be implemented under the Public Private PartnershipAct as a PPP project. However,…
Nam Close Corporation Companies Being Used To Fund Terrorism And Money Laundering …Namibian Police have a CC suspected as a potential subject of terrorist acts and terrorist funding
By:Nghiinomenwa-vali Erastus It has been found that Close Corporations (CCs) are most vulnerable to be used for money laundering and for terrorist financing in Namibia. This is according to the Financial Intelligence Centre (FIC) Report titled Terrorist Financing Risks In…
OPEC’s Production Cuts Aimed AAt Maximising Revenue, Petroleum Economist Asserts …Namibia local fuel to feel the pinch less
By:Justicia Shipena The cutting of oil production by oil producers led by the Organisation of the Petroleum Exporting Countries (OPEC+) is a tactic for them to generate more revenue, Mines and Energy Ministry’s Petroleum Economist Abednego Ekandjo has said. Earlier…
Nam To Assess Angola Lobito Refinery Stake Offer …in light of Ngungula Service
By:Nghiinomenwa-vali Erastus Namibia will look into a proposal by Angola for the country to buy a stake in the planned Lobito Refinery, according to the updates from the Ministry of Mines and Energy. The Ministry spokesperson Andreas Simon said this…
A Safer Namibia Is Easy To Conduct Business
By:Nghiinomenwa-vali Erastus Ohorongo Cement, one of Namibia’s first cement manufacturers, has donated 200 bags of cementto the Ministry of Home Affairs, Immigration, Safety and Security to improve the living conditions of officers deployed at the variousborder postsaround the country. Following…