Category: Business
Nam Trade Exports Decrease By N$2.6 Billion
By: Staff writer Namibia’s export earnings went down by N$2.6 billion between March and April, from the N$10.2 billion recorded in the previous month to N$7.6 billion in April, according to the latest report of the Namibia Statistics Agency’s…
Grootfontein Has Economic Potential – Mayor
By: Justicia Shipena Grootfontein Mayor Talitha Garises said her town has significant business opportunities for investors and economic potential for the country. Garises said this when welcoming delegates to the 8th Public Enterprise CEO Forum which took place at the…
Vehicles Donation Boosts Ministry’s Visibility In Communal Areas
By: Fransina Nghidengwa Agriculture, Water and Land Reform Minister Calle Schlettwein is of the view that transport is a missing link in the agricultural value chain of Namibia, and the donation of the new vehicles by the European Union (EU)…
Data Revenue, Roaming Service Resumption Help MTC To N$387 Million Six-Month Profits
Staff writer Revenue from data, the resumption of roaming services, and the expansion of enterprise services were the main reasons for MTC accumulating N$387 million profits for six months. The profits are calculated after tax for the period ending 31…
Namcor Outlines Project Progress Address Ahead of African Energy Week (AEW) 23
Following a series of upstream success, NAMCOR says the country is targeting first oil production by 2029. Namcor Acting MD Shiwana Ndeunyema and Executive for Upstream Exploration Victoria Sibeya at the national oil company delivered presentations during the Invest…
Namibia Looks To Acquire Minority Stakes In Petroleum Companies
The move comes amid surging concerns over the country’s key resources’ local ownership. Namibia is looking to take minority stakes in petroleum production companies, joining nations considering nationalisation of resources, reported Bloomberg News. A major producer of uranium and diamonds, the country…
World Economic Leaders Warn Of Economic Fragmentation Risk
…Economic interdependence and international trade still key Nghiinomenwa-vali Erastus At the height of Covid-19, many countries limited their export of certain goods or chose whom to sell to. Currently the same behaviour is being observed of countries grouping themselves, and…
Namibia’s Private Sector Debt Hits N$119.1 Billion
Justicia Shipena Total private sector debt stands at N$119.1 billion, says Simonis Storm Securities in its April private sector credit extension report published on Thursday. This debt, which is 57.8% of the the country’s gross domestic product (GDP), includes both…
Beneficiaries Reject Okahandja Stalls, Citing Distance And Size Of Stalls
Justicia Shipena Beneficiaries of the Okahandja Open Market stalls dropped a bombshell on the municipality and telecommunications company MTC, stating the facility is small and located far away from customers. The Okahandja municipality and MTC inaugurated the open market on…
Fostering Employment Opportunities In Tourism
Justicia Shipena Erongo Governor Neville André contends that the environment and tourism industries are seen as low-hanging fruit to promote development through the creation of jobs by increasing tourism investment and arrivals. Speaking at the fifth Pan-African Youth in…