Category: Business
Namibia Can Protect Its Financial System – !Gawaxab …as South Africa encounters grey listing from FATF
By:Justicia Shipena Bank of Namibia (BoN) governor Johannes !Gawaxab says Namibia is better positioned to safeguard its interests and protect its financial system. !Gawaxab said this is due to its demonstrable political will and widespread support from stakeholders. The BoN…
Ruacana Hydro Slumped To Lowest Energy Generation In Ten Years…as the call to de-risk the country from its Ruacana over-reliance grows louder
By:Nghiinomenwa-vali Erastus Ruacana Power Station energy generation 780.15 GWhduring 2022 was the lowest recorded for the past 10 years, Nampower said in its report covering the financial year ended 30 June 2022. This is as opposed to 1,505 GWh generated…
National Housing Enterprise Appoints New Board
By:Laban Rasalus Minister of Urban and Rural Development Erastus Uutoni has charged the newly appointed National Housing Enterprise (NHE) board to rise to the occasion and to do everything within their power and competence to re-position and help the entity…
Africa Youth Bulge, A Demographic Dividend
By:Nghiinomenwa-vali Erastus Africa has the youngest population in the world with 22.7% of the world’s total youth population of which 454.5 million are between 15 and 34 years. This was said by Wamkele Mene, Secretary-General AfCFTA Secretariat, in his opening…
Education scoops 28.9% of the national budget, with around 81% marked salaries
By:Nghiinomenwa-vali Erastus The country’s Finance Minister Iipumbu Shiimi has joined the public in demanding more from the education facilitators. Shiimi’swas made when he delivered his 2022/23 Budget Statement in Parliament on 24 February 2022. Despite the unsatisfactory performance coming from…
Tourism Sectors Best Performer Among Other Sectors
By:Hertha Ekandjo Among other sectors, the tourism sector could arguably be one of the best-performing sectors of the Namibian economy in 2023. While business and conference tourism is still below 2019 levels, this could materially increase as certain hospitality…
Namibia Recorded N$34 Billion In Money Wallets In 2022
By:Uakutura Kambaekua Bank of Namibia governor Johannes !Gawaxab has urged citizens to explore the constant innovation in the payment eco-system of electronic money. He stated that the country has 2.5 million active wallets with 64 million transactions with over N$34…
Register Biometrically Or Forget Payout And Annuities- GIPF
By: Nghiinomenwa-vali Erastus Pensioners, beneficiaries, and other annuitants who have not provided their unique biological or physical characteristics for the purpose of identification will not receive their payouts or annuities for March 2023. This has been announced by the Government…
Daikon Investments Acquires Namibia Plastics And Packaging Distributors
By:Staff Writer Daikon Investments (Pty) Ltd has obtained a 55.2% controlling share of Namibia Plastics & Packaging Distributors (Pty) Ltd from Johan Struwig, Co-Founder and CEO of Namibia Plastics. The closing for the transfer of shares held in Namibia Plastics…
CIF Boss Appeals For The Revival Of Construction Sector
By:Nghiinomenwa-vali Erastus There are economic gains if politicians, government authority and procurement experts can reach consensus to assist the local construction sector, says Bärbel Kirchner, chief executive officer of the Construction Industries Federation of Namibia (CIF). Kirchner’s appealscomes at the…