Category: Business
Poultry Products Imports Suffocate Local Production
By:Nghiinomenwa-vali Erastus The Namibia Agricultural Union (NAU), in its latest Third Quarter Agri-Review 2022, has revealed that the country has advanced in poultry products production, but the sector is under threat from a high influx of poultry meat and products,…
Expensive Money And Risk-Aversion Casting Shadows On The Recovery
By:Nghiinomenwa-vali Erastus Analysts are worried that the cost of money and banks becoming too shy to lend will affect the Namibia’s economic recovery. To date, the Bank of Namibia has increased the benchmark rate by around 300 basis points as…
Namibia Tops In Retirement Savings In Africa
By:Nghiinomenwa-vali Erastus Namibians are some of the Africans that will retire comfortably, provided they donot tempt with their retirement savings, as the country is rated high in retirement savings. Namibia has the highest pension assets to GDP ratio in Africa,…
Namibia Fails To Export Beef to USA For More Than Two Years …while minimal inconsistent export to Africa continues
By:Nghiinomenwa Erastus In the last 25 months Namibia has not exported a single consignment of beef to the United States market, this is according to the latest livestock marketing statistics compiled by the Meat Board of Namibia for the month…
Africa Trades Away Raw Minerals, Keeps Cattle, Chickens At Home
By:Nghiinomenwa-vali Erastus According to analysis by theTrade Law Centre (Tralac), only 9% of petroleum gas, 6% of gold, and 6% of iron ores remain in Africa where they have been mined. However, almost all live cattle…
Rundu’s Premier Trade Fair Returns After Two-Year Break Due to COVID-1
By:Annakleta Haikera Works and transport minister, John Mutorwa, says Rundu is among the fastest developing and growing border towns in Namibia. He said this at the official opening of the 2022 Rundu Annual Trade Fairlast week. “The Kavango River, emanating…
Namibia’s external debt stood at a whopping N$6.3 billion in 2021/22
By Justicia Shipena Namibia’s total borrowing from external sources amounted to N$6.3 billion or 25 percent of the total funding requirement. This is according to the government’s accountability report for the financial year 2021/22. The report states that, at the…
Airlink To Own 40 Per Cent Fly Namibia Shares
By: Ndinelao Shingenge Airlink South Africa and FlyNamibia on Thursday in Windhoek signed a collaborative form to join forces between the two airlines. The joint venture between the two airlines aims to alter the ownership, organisational structure, and future operations…
Namport to commemorate World Maritime day
By: Kristof Tegako Eliander The Namibian Ports Authority will be joining the international community in celebrating World Maritime day, which is commemorated on 29 September annually. Speaking to The Villager on Tuesday, the corporate information manager at Namport, Tana Pesat,…
SA Competition Commission Recommends Heineken Stake Acquisition in Nambrew
By: Staff Writer The Competition Commission of South Africa has recommended that the Competition Tribunal approves with conditions the proposed transaction whereby the Heineken Group, through Sunside Acquisitions Proprietary Limited (Newco), intends to acquire a controlling interest in Namibian Breweries…