Category: Business
Many Schools, Health Care Have No Internet Access
By:Nghiinomenwa-vali Erastus The dream to roll out e-learning and e-health countrywide might be illusive for Namibia as a large number of schools and healthcare centres are not connected to the internet. The total number of schools that have no access…
MTC Switches On 1000th Tower- Aims To Bridge Digital Gap
By:Nghiinomenwa-vali Erastus MTCswitched on its 1000th network tower at Okadhiya, Okatyali constituency in the Oshana regionthis week, as it aims to unlock Namibians to digitalisation. This was done under its 081Every1 Project, which the telecommunication giant launched in 2017 with…
Loan Holders Likely To Start Feeling Pressure From Repo Rate Hikes
By:Hertha Ekandjo Following the South African Reserve Bank (SARB) announcing an increase of the repo rate by 25 basis points, which brings the repo rate to 7.25% from 7%, Namibians indebted households and businesses should expect the domestic central bank…
Cumulation Can Stop Africa’s Raw Export Of Resources
By:Nghiinomenwa-vali Erastus To qualify for tariff preferences under the provisions of the African Continental Free Trade Area, value addition has to happen in state parties to a certain extent. This is according to the African Continental Free Trade Area (AfCFTA)…
Construction Sector Sees Fifth Straight Quarterly Decline
By:Staff writer The construction sector continues to face challenges after it recorded its fifth consecutive quarterly decline in the third quarter of last year, contracting by 10.0% year on year (y/y) in 3Q2022. According to Simonis Storm analysts, construction companies…
Only 2 200 placed of the around 30 000 registered Jobseekers for 2022
By:Nghiinomenwa-vali Erastus Updates from the ministry tasked with employment creation in the country revealed that it has registered around 29,935 in 2022 and only 2,200 of those managed to be placed (got employed). The ministry indicated that in responses to…
FIC Flags Potential Proceeds Of Crimes
By:Nghiinomenwa-vali Erastus The country’s financial watchdog has disseminated 52 intelligence disclosures to various law enforcement agencies between July and September 2022, highlighting potential financial criminal activities in the country’s financial system, encompassingfraud, potential tax evasion, and illegal deposits. The Financial…
Rigorous Scrutiny for Politically Exposed Persons Vying for Bank Boards
By:Nghiinomenwa-vali Erastus The Bank of Namibia (BoN) has directed commercial banks to perform advanced due diligence on politically exposed individuals’ wealth before they appoint them as their board of directors. This, the BoN says, is to limit conflict of interest…
We Have Plenty of Diamonds and Grapes, but Why Don’t We See and Participate in Diamonds Trading?
By:Kandjengo kaMkwaanyoka Why don’t we see diamonds in the street when we have plenty but every grape harvest everyone benefits? A young dude heard me and he asked if he could join my friend and I. He asked if I…
CRAN To Dishout 800MHz Spectrum To Improve 4G Coverage
By:Nghiinomenwa-vali Erastus A 2022 study by the Communication Authority has revealed that the assignment of 800MHz spectrum to the two national operators – MTC and Telecom Namibia – would help narrow the broadband coverage gap considerably. This finding is in…