Category: Business
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…
Nurturing Corporates And Institutions To Flourish – Bank Windhoek Executive
Corporate and institutional banking is essential to a country’s ecosystem and development, says Lukas Nanyemba, Bank Windhoek’s Executive Officer of Corporate and Institutional Banking. “Nature underpins our economy, society, and indeed our existence. In natural habitats, animals, plants, and microbes…
NCCI Calls For SMEs Tax Sins Forgiveness
By:Nghiinomenwa-vali Erastus The Namibian Chamber of Commerce and Industry says it will be of economic benefit if the Finance Ministry waives the penalties and interest owed by the business sector. The chamber’s Chief Executive Officer Charity Mwiya made the suggestion…
PM Says Access To Financing Crucial For A Thriving Economy
By:Mauricia Koopman Prime Minister Saara Kuugongelwa-Amadhila says for the economy to thrive and optimise its contribution to job creation, financing is crucial. Kuugongelwa-Amadhila was speaking at the Standard Bank African Central Bank conference which recently concluded in Johannesburg, South Africa….