Category: Business
Bank of Namibia Announces Promotions
By: Staff Writer Bank of Namibia has announced appointments to its management structure, primarily in the Office of the Governor, the Oshakati Branch, and the Banking Supervision Department, according to a statement issued by the bank’s spokesperson, Kazembire Zemburuka. Romeo…
British Airways Signs Codeshare With AirLink
By: Staff writer British Airways has announced a codeshare partnership with Airlink, improving connectivity between the UK, Europe, North America and more than 15 destinations in Southern Africa. With bases in Johannesburg, Cape Town, and Durban in South Africa, Airlink…
NamRa Introduces Tough Conditions For Ex-UK Second Hand Cars
By: Staff writer The Namibian Revenue Agency (NamRA) says the loss of revenue due to dishonest importers is what led to amendments to custom laws effective 1 March. The amendments mean that any second hand car transiting through Namibia can…
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…