Category: Top Stories
About 30% of the Rural Population Has No Access To Financial Services
By: Nghiinomenwa-vali Erastus MINISTER of Urban and Rural Development Erastus Uutoni has called on stakeholders in the financial service sector to make their services available to people in the rural areas to allow them to fully participate in the…
Govt Plans to Secure N$2,6 Billion in Borrowings This Week
By: Nghiinomenwa-vali Erastus THE government’s treasury has issued a market notice seeking to secure N$2,6 billion in borrowings this week. These funds will not only help bridge the budgetary gap for the 2023/24 fiscal year but also prepare…
Gender Disparities Persist in Namibia’s Farm Ownership
By: Nghiinomenwa-vali Erastus WOMEN own only 24% of commercial farms in Namibia, while the remaining 76% are held by men, according to data unveiled by the Namibia Statistics Agency (NSA). These statistics shed light on the unequal distribution of commercial…
Rural Areas Are Zones Of Economic Misery – !Gawaxab
By: Justicia Shipena BANK of Namibia Governor Johannes !Gawaxab believes rural communities in the country are facing economic distress because they seem to be neglected “and have become zones of economic misery”. He emphasised the need to revitalise these areas…
Power Exporters Will Serve Nam Market When Is Needed
By: Nghiinomenwa-vali Erastus The growing electricity deficit in the SADC region has piqued the interest of more investors in harnessing Namibia’s abundant renewable energy resources for export, in the midst of a domestic deficit. This surge in interest coincides with…
Poor coordination hampers food security … as lack of data exposes the need for investment in agricultural research
By: Nghiinomenwa-vali Erastus POOR coordination and communication between the government and development agencies is one of the factors hampering effective implementation of policies and programs to improve food security in Namibia. A recent assessment report by the Food and Agriculture…
Investors Opt To Switch N$1.1 Billion Of GC24 Bond
By: Nghiinomenwa-vali Erastus Investors in the government bonds, specifically the GC24 bond which is maturing next year, have submitted an N$1.3 billion switch application for their investment to be moved to other long-term bonds. The switch auction was held…
The Grid Market Is Not A Monopoly … transmission infrastructure market open for investment
By: Nghiinomenwa-vali Erastus Individuals or groups of investors can enter the electricity transmission market as independent power transmitters by building their networks and maintaining them. Nampower only holds a monopoly over the consumer-funded grid infrastructures. This was confirmed by both…
Nam Imports 47% Of Cereal Grain From Poland
By: Nghiinomenwa-vali Erastus After another dismal grain production at the end of June 2023, Namibia had to spend N$142 million to import cereal grain from Poland, the Namibia Statistics Agency (NSA) said. In the second quarter of 2023, the country’s…
Over 10, 000 Jobseekers Registered, Only 613 Placed
By: Nghiinomenwa-vali Erastus In the first two quarters of 2023, the Ministry of Labour, Industrial Relation and Employment Creation has registered 10,358 jobseekers, but has only managed to place 613 with employers. Furthermore, in the six months, designated employers have…