Category: Business
Banking Institutions Act Not Clear Over BON Powers Over Banking Charges
By:Justicia Shipena The Bank of Namibia (BoN) says the Banking Institutions Act lacks a clear directive authorising the central bank to control fees and charges imposed by the banks. This was disclosed in an interview with The Villager by Kazembire…
N$8,3 billion worth of agri commodities produced in 4Q2022
By:Nghiinomenwa-vali Erastus By the last quarter of 2022, Namibia agricultural entrepreneurs (livestock and crops) have produced goods worth N$8,3 billion. Agricultura has increased by almost two billion (N$1,94 billion)compared to 2 years ago. This is according to the Namibia Agricultural…
DBN Second Recovery Scheme Welcomed
By:Justicia Shipena The Economic Association of Namibia has welcomed the launch of the Development Bank of Namibia’s (DBN) second recovery scheme. DBN stated on Monday that it would be taking part in the Bank of Namibia’s (BoN) SME Economic Recovery…
GIPF Jerked Up Pensioners Purchasing Power By 5.46%
By:Nghiinomenwa-vali Erastus Government Institutions Pension Fund (GIPF), 45,497 pensioners will receive more on their monthly annuities after the Fund jerked up the benefits this month. The increase of 5.46% comes after the 4.62% increase for 2022/2023 financial year, GIPF announced…
Minister Itah Kandjii-Murangi Urges Higher Learning Institutions To Align Teaching To New Economic Realities
By:Nghiinomenwa-vali Erastus Higher learning institutions have been directed to align their courses with the country’s economic development agenda. This is the message of the Minister Of Higher Education, Technology and Innovation, Itah Kandjii-Murangi. She called for the labour force to…
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…