Category: National
Why Is Namibia Not Meeting Its Energy Demands?
By:Staff writer Onesmus Nana. Hangula Namibia has a load demand of approximately 700 MW, with more than 60% of the power imported . The power is imported mainly from South Africa, Zambia, Zimbabwe, and sometimes Mozambique. Namibia has four power…
Old Mutual And UNDP Extend SEED Funding To More Towns
By:Nghiinomenwa-vali Erastus The Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) will be extended to Rundu, Swakopmund, Walvis Bay and Mariental, the Old Mutual Foundation announced in a statement last week. An amount of N$300,000 will be distributed to…
Chinese, Indian Shops The Only Job Opportunities For Youth In Divundu and Ndiyona
By:Hertha Ekandjo and Annakleta Haikera Divundu and Ndiyona inhabitants in the Kavango East region say the only employment opportunities are from the Chinese and Indian shops in these areas. According to them, getting a job in an Indian or Chinese…
More Capital Commitment But No Investment
By:Nghiinomenwa-vali Erastus Cumulatively N$10,19 billion of Namibia’s savings were availed for unlisted space investment in 2022, however, as at 31 December 2022 only N$5.5 billion was disbursed. This has left around N$4,69 billion of the committed capital lying idle. This…
FIMA Technical Team On Chapter 5 Concludes Work On Its ToR And Charter
By:Justicia Shipena Chairman of the Financial Institutions Market Act’s Advisory Technical Committee (TAC), Dr Manfred Zamuee yesterday announced that the committee has finalised its Terms of Reference (ToR) and Charter to kick-start its mandate. The 36-membercommittee, which was inaugurated in…
Tribalism Stifles Development – Kunene Governor
By:Uakutura Kambaekua’s Kunene Governor Marius Sheyahas once again emphasised the dangers of tribalism in terms of socioeconomic development, saying it poses a challenge to attaining inclusive growth and shared wealth. During his State of Regional Address (SORA), Sheya bemoaned the…
New Bill Seeks To Make BoN Sole Regulator Of All Payment Systems
By:Justicia Shipena Finance and Public Enterprises Minister Iipumbu Shiimi on Tuesday introduced a Payment System Management Billin the National Assemblyto enhance the Bank of Namibia (BoN) payment oversight. Iipumbu noted that the bill is aimed at enhancing the powers and…
New Namibia Agronomic Board Inaugurated
By: Staff Writer Agriculture Water Land and Reform Minister, Carl Schlettwein, inaugurated the new Namibian Agronomic Board on Thursday. Chief Executive of Bokomo Namibia, Hubertus Hamm, has been named chairperson, with former chair Michael Iyambo outgoing. Marina Muller (retained),…
Riding the Storm: The Power of Long-Term Investing Amidst Economic Challenges
By:Stephen Baard The average person on the street has had a difficult year as central bankers continued to battle stubbornly high inflation. This has resulted in rising interest rates with no end in sight. Equally, we have had to deal…
African Continental Free Trade Area (AfCFTA): A Game-Changer For Namibia’s Economy
By:Eva-Rakel Johannes Chief Executive Officer of Namibia Trade Forum Stacey Susa-Pinto has encouraged women and youth to start with their end in mind, figure out how to be key players in their domestic markets regardless of various limiting factors. She…