Category: Business
Cost Of Consumables Increased By More Than 5% …back gardens, side hustles, or dig more on your wallet
By: Nghiinomenwa-vali Erastus Money became expensive last week for those who plan to borrow and fund their consumption. At the same time, by the end of March of 2023, 50% of consumable prices have gone up by 5%. The latest…
IPPs Want To Export Electricity To The Southern Africa Power Pool
By:Nghiinomenwa-vali Erastus The Electricity Control Board is (ECB) reviewing 17 renewable energy generation licence applications, most of which want to generate electricity to sell it to the Southern Africa Power Pool. This is despite Namibia’s own significant generation deficit, which…
Best Occupancy Rates Recorded In 2023 Since Covid
By:Justicia Shipena The national occupancy rate for the first quarter of 2023 displayed excellent results since the start of the global Covid-19 pandemic. In the first quarter of 2023, the occupancy rate was on average 36.5%, according to a Simonis…
FNB To Re-purpose SME Value Proposition To Expand SME Success
By :Fransina Nghidengwa First National Bank Namibia, on Monday relaunched an updated SME value proposition to further support small-medium enterprises (SMEs). FNB Namibia Chief Executive Officer, Erwin Tjipuka said they are also launching the Credit Guarantees Scheme to assist SMEs…
Government Forked Out N$2,4 Billion For Resettlement Farms
By:Nghiinomenwa-vali Erastus From 1990, the government, through its Land Reform Programme, has bought 3,4 million hectares of land (571 farms) at the cost of N$2,4 billion. It has resettled 5,458 beneficiaries after the first land conference in 1991. This is…
Vehicle Sales Rise Despite Looming Repo Rate Increase
By:Staff writer An increase in the interest rate could not deter the vehicle sales sector recording its highest sales in nearly six years. At least 1,226 units were sold in March, compared to 1,280 units sold in July 2017. Bank…
Africa Is Losing Billionaires And Potential Investors
By:Nghiinomenwa-vali Erastus A large number of billionaires have left Africa over the past 20 years or so, according to the Africa Wealth Report 2023 As a result of their migration from the continent, they are affecting the ability of countries…
Mines Are Not Here To Operate Forever – Mining Commissioner
By:Hertha Ekandjo and Nghiinomenwa-vali Erastus Mining Commissioner Isabella Chirchir said mining companies are not here to operate forever as the minerals are not infinite. Chirchir was reacting to the news on the phased closure of Namibia’s largest gold mine in…
42% Households Use Bushes, Riverbeds To Relieve Themselves
By:Nghiinomenwa-vali Erastus About 43% of households countrywide have no toilet facilities and use bush, riverbeds, and fields. This is common in rural areas with 64.6% compared to urban areas at 22.6%. This is according to the Namibia Census Mapping Reports…
Namibia, Angola Ministers Discuss Natural Resources, Combat Trafficking
Mines and Energy Minister Tom Alweendo hosted an Angolan delegation headed by that country’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, in Windhoek this week, to exchange experiences in the field of mining, mining cadastre and hydrocarbons and…