Category: Finance
Crippling Debt Leaves Countries Defenseless Against Growing Inequality
By: Justicia Shipena Low- and middle-income countries are facing bankruptcy and crippling debt, leaving them unable to combat rising inequality. According to Oxfam’s latest report, low- and middle-income countries allocate an average of 48% of their budgets to…
Opinion: What to Consider Before Taking a Loan This New Year
By: Herwin Tsowaseb The beginning of a new year often comes with exciting possibilities, but it also brings significant financial responsibilities. For many parents, January and February mark the time to prepare for university registration and tuition fees, purchase…
Namibia’s Trade Deficit Improves by N$2.2 Billion
By: Staff writer Namibia’s trade deficit improved by N$2.2 billion between October and November last year despite the country’s import bill rising to N$17.7 billion in November. While Namibia recorded a N$5.5 trade deficit in November after exporting…
Namibia’s Banking Sector Concentrated and Uncompetitive – World Bank
By: Nghiinomenwa-vali Erastus An assessment by the World Bank in its FY25-29 Country Partnership Framework for Namibia has revealed that the country’s banking sector is heavily concentrated and uncompetitive. The report highlights that although Namibia’s major banks are…
Namibia’s Banking Sector Concentrated and Uncompetitive – World Bank
By: Nghiinomenwa-vali Erastus An assessment by the World Bank in its FY25-29 Country Partnership Framework for Namibia has revealed that the country’s banking sector is heavily concentrated and uncompetitive. The report highlights that although Namibia’s major banks are…
Green Hydrogen Could Pull N$400 Billion In European Investments
Andrew Kathindi Namibia’s partnership with the European Union (EU) could mobilise N$400 billion in European private investments for the country’s green hydrogen sector. This would be more than double the country’s GDP and could enable Namibia’s aspirations for…
Govt to Borrow N$7.6 Billion From International Bank
Staff Writer Namibia is set to borrow approximately N$7.6 billion from the International Bank for Reconstruction and Development (IBRD) during the 2025/2026 financial year. This loan forms part of the World Bank Group’s newly launched Country Partnership Framework (CPF)…
Food and Beverages Contributed to December’s Declining Annual Inflation
Staff writer Food and Non-Alcoholic Beverages, was the biggest contributor to the 3.4% annual inflation rate Namibia recorded in December 2024, contributing 1.2 percentage points. The category, which accounts for 16.5% of the Namibia Consumer Price Index (NCPI) basket, recorded…
Takeover of NPTH Shares by Government Imminent
Justicia Shipena The Namibia Post and Telecom Holdings Limited (NPTH) shares, including those in its subsidiaries Telecom Namibia, NamPost, and MTC Namibia, will be transferred to the State by next month. NPTH Board Chairperson, Sencia Kaizemi-Rukata, confirmed that…
National Minimum Wage Implementation Faces Rocky Start
Justicia Shipena As the new year begins, workers across Namibia are hopeful that the implementation of the national minimum wage (NMW) will bring much-needed financial relief. Effective January 1, the NMW policy mandates a minimum wage of N$18…