Category: Business
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…
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…