Category: Finance
Opinion: Estate planning: Expenses to be considered for a deceased estate
By: Letitia Du Plessis A deceased estate refers to the property and money left behind by a person after they passed on. A critical part of estate planning is ensuring that there is sufficient cash in your estate to…
Grove Mall Records N$18 Billion Turnover in 10 Years
By: Hertha Ekandjo The Grove Mall has achieved a remarkable milestone, recording a turnover of N$18 billion in its 10 years of operation since opening its doors in Windhoek in 2014. Over this period, the mall has employed…
Pooled Procurement Solution to Address Medicine Shortages … shortage of local manufactures to meet pressing needs
By: Abigail Nalisa The Central Procurement Board of Namibia (CPBN) has highlighted significant challenges in local manufacturing, leading to delays in delivering essential services to the Health Ministry. Health Minister Kalumbi Shangula has previously criticised the current procurement system,…
Repo Rate Cuts Could Revive Construction Sector
By: Dolly Menas The recent 25-basis point repo rate cut by the Bank of Namibia (BoN) could bring much-needed relief to the property sector, especially in residential property financing. The BoN’s Monetary Policy Committee (MPC) unanimously decided last week…
TransNamib and Partners to Return N$152 Million Grant Funding to Donours
By: Justicia Shipena The HyRail Project may soon return €7.6 million (approximately N$152 million) from a €30 million grant provided by the German Federal Ministry of Education and Research (BMBF). Spearheaded by TransNamib in collaboration with Hyphen Technical, Belgium’s…
Namibia Secures N$1.7 Million in Funding for COP29 Attendance
By: Justicia Shipena With only a few weeks remaining until the 29th Conference of Parties (COP29) on climate change, Namibia has secured N$1.775 million to support its participation at the global event. The funding will facilitate Namibia’s engagement…
NamRA Generates N$4.3 Billion Through Tax Amnesty
By: Dolly Menas and Kavee Vezemburuka The Namibia Revenue Agency (NamRA) has so far collected N$4.3 billion through its tax amnesty programme, which began on 1 April 2023. The initiative was designed to provide relief to taxpayers struggling…
Namcor Was on the Verge of Liquidation Before N$1.2 Billion Lifeline
By: Erikka Koukulunhu The National Petroleum Corporation of Namibia (Namcor) Acting Managing Director Ebson Uanguta revealed that the petroleum corporation was on the brink of liquidation before the government stepped in with a N$1.2 billion lifeline from state funds. A…
Repo Rate Expected to Decrease
Dolly Menas, Loise Shiimi Economic analysts expect the Bank of Namibia’s (BoN) Monetary Policy Committee (MPC) to cut the repo rate on Wednesday. BoN will announce the MPC’s decision after offering consumers relief in August and lowering the repo rate…
Half of EU Millions for Green Hydrogen Spent … N$95.2 million invested in green hydrogen strategy
By: Justicia Shipena Nearly half of the €40 million (approximately N$764 million) allocated to Namibia’s green hydrogen project from the European Union has already been spent. As Namibia advances its efforts to develop a green hydrogen industry, it…