Category: National
Electricity to Cost More for Bulk Buyers
By: Nghiiinomenwa Erastus The Electricity Control Board has granted Nampower permission to pass on some of the burdens for generating and transmitting electricity to its consumers through a 7.3 per cent bulk tariff hike. The energy regulator acting chief executive…
Effects of Financial Sector Reforms on Economic Growth in Namibia
By: Josef Kefas Sheehama A stable and well-functioning financial system contributes significantly toward balanced and sustainable economic growth. The Bank of Namibia has developed a macroprudential toolkit used to address the build-up of risks and vulnerabilities. An analysis of the…
Debt Servicing Cost Households N$15.3 Billion Last Year
By: Nghiinomenwa Erastus In 2021 individuals/households spent N$15.3 billion of their disposable income repaying their debts from banks and non-banking entities, the country’s latest Financial Stability Report states. The burden of debts on individual borrowers is measured by calculating how…
Pro-choice Activists Worry USA Supreme Court Abortion Decision Could Sway Namibia
By:Justicia Shipena As the US Supreme Court prepares to overturn a ruling that made abortion legal in that country, local pro-abortion activists worry that the move could impact Namibia’s own push to legalise abortion. In October last year, the Parliamentary…
Local Producers Should See Opportunity In USA Poultry Ban
By: Nangura Nguvauva The agriculture ministry has suspended the import of live poultry, birds and poultry products from the USA for a period of 21 days after a detected highly pathogenic avian influenza. (HPA) The directive letter seen by…
Earthquake Hits Khorixas
By: Uakutura Kambaekua The mines ministry has confirmed an earthquake occurred approximately 24 kilometres northeast of Khorixas in the Kunene region on Tuesday evening, 12 April 2022, around 22h36. In a media statement on Wednesday, the deputy executive director at…
Sacrificing Debt Holders To Maintain The Peg
By: Nghiinomenwa Erastus The central bank has decided to maintain the peg and contain inflation that is not internally driven and burden those paying their debts or holding interest-bearing obligations further. Moreover, to enable favourable real interest rates conducive to…
Parents Should Speak To Their Kids About Sex – Rosa Namises
By: Ludorf Iyambo The director of women’s solidarity Namibia, Rosa Namises, said that parents should engage more in dialogues with their children on sexual intercourse to reduce the country’s high teenage pregnancy rate. Speaking at a community and school mobilisation…
3.6 Percent of Children Aged 12-17 Vaccinated For Covid-19
By: Julia Heita Health minister Kalumbi Shangula says that of the 467 148 first doses administered in the country by April, 16,796 (3.6 per cent) were children and adolescents between 12-and 17. Shangula said the school vaccination campaigns had ignited…
Bank of Namibia expects to hike Interest rates by 25bps as inflation soars
By: Josef Kefas Sheehama At its second Monetary Policy Committee meeting of 2022, on the 13 April 2022D, the Bank of Namibia is expected to hike its Repo Rate to 4.25% for the second consecutive time. All of Namibian’sNamibian’s banks…