Category: Business
Private Sector Debt Sees N$5,8 Billion Annual Increase
By:Staff writer Debt in the private sector, inclusive of Namibian households and corporates, together with non-residents has seen an annual increase of 5.1%. This is after it stood at N$118.9 billion for February, a N$693 million increase from January this…
252 Agricultural Scientific Officers And Technicians Needed
By:Nghiinomenwa-vali Erastus Namibia has 252 vacancies for agricultural scientific officers and technicians all over the country, said the Ministry of Agriculture, Water and Land Reform. The Ministry has 147 Agriculture Development Centres (ADCs) around the country that offer technical and…
Trade Facilitation Crucial For Namibia
By:Mauricia Koopman The Minister of Trade and Industrialisation Lucia Iipumbu said increased global trade and the dynamics in the international supply chain have created new demands on the role of customs administrations and other government agencies on trade facilitation. Ipumbu…
Nam Ghetto Life Continues, As Village-To-Town Emigration Continues …40% of Nam’s 2,5 million people reside in ghettos
By:Nghiinomenwa-vali Erastus By July 2022, more than 40% of Namibia’s overall population and around 80% of its urban population currently live in shacks and rented rooms in informal settlements, according to the Shack Dwellers Federation of Namibia’s (SDFN) 2022 annual…
Natural Growth Will Not Be Sufficient For Namibians
By:Fransina Nghidengwa The Director General of the National Planning Commission Obeth Kandjoze says the sixth National Development Plan will be delayed. According to the Kandjoze, Cabinet advised concentrating efforts on prioritising Harambee Prosperity Plan 2 programmes and the unfinished business…
As Nam Engages in Beef-Cat Fights, Bots Is Making Beef Moves
By:Nghiinomenwa-vali Erastus Botswana received accreditation to export their beef to the United Arab Emirates as of mid-March. Furthermore, the country intends to access all lucrative markets within the Gulf Cooperation Council (GCC) countries, the Botswana Meat Commission (BMC) announced last…
Namibia’s Bank System Remains Resilient Amidst Closure Of Banks In The USA – BoN
By:Justicia Shipena The Bank of Namibia (BoN) says Namibia’s banking system remains resilient and sound. This assurance comes after a second US regional bank Signature Bank shut down. A third First Republic Bank has been propped up, while the first…
About N$3 Million Worth Of Confiscated Items In The Hands Of NamRA
By:Hertha Ekandjo The Namibia Revenue Agency (NamRA) is currently in possession of approximately N$3 million worth of confiscated goods that are being kept at a warehouse in Windhoek. The goods have been confiscated through different entry points by customs. The…
Repo Rate Hikes Help Bank To Massive Profits
By:Justicia Shipena The constant increases of the repo rate during 2022 drove Standard Bank Namibia to record a massive increase in its profit. The bank’s profit for 2022 increased by 70.5%, according to the bank’s annual report for 2022 released…
Solar Finance For Business
Executive of Marketing Jerome Mutumba has announced three new enterprises that used Bank finance to strengthen their enterprises with solar energy. They include a truck and tractor repair plant in Gobabis, a charcoal manufacturer, also near Gobabis, and a large…