Category: National
2020 Local Elections Were Tribal
By: Ludorf Iyambo PDM Secretary-General Manuel Ngaringombe says that people were being told who to vote for based on their tribe during the 2020 local authority elections. Although PDM did well in the national assembly elections of 2019, which saw…
Households Face Cost of Living Crisis With Rising Inflation And Energy Prices
By: Josef Kefas Sheehama A continuation along the current path of economic stagnation and slow deterioration of Namibia’s prolonged financial crisis remains the most likely outlook. The Electricity Control Board approved a 7.30 per cent tariff increase effective 1 July…
Three Devastating Droughts in Namibia
By: Annakleta Haikera President Hage Geingob says this year’s crop yield will be very poor because many farmers lost their livestock and experienced poor crop harvests. Geingob said this during the 15th Summit session of the United Nations…
N$110 000 for Red Brahman Bull At Genetic Auction
By: Nghiinomenwa Erastus Last month the Namibia Genetics Auction Group hosted its first auction for the year, auctioning high-quality cows and bulls for breeding to potential livestock. According to the information released from the auction, the auction’s highest price was…
Constructors Accuse Zambezi Regional Council Of Unfair Tender Awards
By: Pricilla Mukokobi Construction companies in the Zambezi region have accused the Zambezi regional council of being biased in awarding construction tenders. The contractors further complained about purchasing application forms for N$ 500. A source who chose not to be…
Retirement Benefits and Contributions Gap Widens
By: Nghiinomenwa Erastus In the wake of regulators trying to ensure individuals do not withdraw from their pension, the country’s Financial Stability Report revealed that retirement contributions were insufficient to cover benefits paid last year. According to the Financial Stability…
Mushelenga Calls for Press Freedom to be Protected
By: Ludorf Iyambo Information minister Peya Mushelenga has called on technology companies to counter misinformation and disinformation with accessible, factual and evidence-based information and avoid excessive efforts that could result in censorship of protected speech. Mushelenga said this at the…
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…