Category: Business
Trade Cannot BeAnchor For Food Security-Schlettwein…domestic production needs to be intensified
By:Nghiinomenwa-vali Erastus Various adverse developments, globally and on the continent, within food production such as record high prices for food, fertilisers, and energy, as well as supply chain channel disruption, have worsened food security. Domestically, the recurring episodes of floods…
Banks’ Frugality Depends On Economic Outlook
By:Nghiinomenwa-vali Erastus The commercial banks have loaned out N$1,6 billion to resident businesses and N$2,9 billion to households by the end of 2022 compared to December 2021. According to the December 2022 monetary and financial statistics released by the Bank…
Central Govt Borrowing Requirement Of N$82 Billion In Four Years …suggestion to limit govt power to approve foreign loans
By:Nghiinomenwa-vali Erastus In terms of the 2022/23 Fiscal Strategy of the ministry of finance, the country net borrowing requirement stands at around N$82 billion in four years. This means for the past four financial years, the government needed around N$82…
Meatco Sees Light At The End Of The Tunnel …disagrees with minister Schlettwein
By:Nghiinomenwa-vali Erastus Meatco chief executive officer Mwilima Mushokabanji has indicated that despite external factors, internally they have met all the board key performance indicators to get the company profitable. Mushokabanji said what is happening to the company cannot be attributed…
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…