Blog Page
Opinion: The Cross-Border Payment System’s Anatomy and Operations
By: Josef Kefas Sheehama Even though it usually causes people to feel more nervous, it’s critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime. The Bank of…
Opinion: Navigating Risk in Sub-Saharan Africa: Challenges and Opportunities
Horst Simon Sub-Saharan Africa, home to diverse cultures, abundant resources, and dynamic economies, is a region of immense potential. However, amidst its promise lies a landscape fraught with risks that demand attention and initiative-taking strategies. From political instability and…
Zambia Cuts 60MW Power Export to Namibia
By: Nghiinomenwa-vali Erastus Namibia’s electricity import from Zambia has been reduced by 60MW, dropping from 180MW to 120MW, following Zambia’s announcement of power cuts and export limits due to drought conditions affecting its hydropower generation. Zambia, traditionally the largest…
Namibia’s Trade Links with Mercosur Countries at 2% after Eight Years
By: Justicia Shipena Namibia’s trade with Mercosur, the Southern Common Market, currently stands at just two percent. Mercosur, is a South American trading alliance comprising Argentina, Brazil, Paraguay, and Uruguay, which aims to promote free trade and facilitate…
Shiimi Sets NamRa’s Collection Target at N$85 Billion …taxpayers refunded N$10.4 billion
By: Staff writer The Namibia Revenue Agency (NamRa) has adjusted its revenue collection target from N$81 billion to N$85 billion, as revealed by the agency’s Commissioner, Sam Shivute. Over the last three years since its inception, NamRa’s collection targets…
Vehicle Sales Soar in March
By: Staff writer March 2024 witnessed the highest vehicle sales since July 2016, with 1,451 units sold last month, just 89 units shy of the 1,540 sold in the same month eight years ago. Out of the 1,451…
Alweendo Imposes Moratorium on Power Export License Applications
By: Nghiinomenwa-vali Erastus Minister of Mines and Energy, Tom Alweendo, has imposed a moratorium on the issuance of generation licences for export purposes. Effective from March 5, 2024, this temporary suspension will last for 18 months or until the…
MAWLR Upgrades Henties Bay Water Pipeline
By: Hertha Ekandjo The Ministry of Agriculture, Water, and Land Reform (MAWLR) initiated two crucial water infrastructure projects in the Erongo region last Thursday. These projects involve replacing a five-kilometre section of the Henties Bay water supply pipe and…
Trade Minister Calls on Private Sector to Address SME Funding Challenges
By: Dolly Menas Minister of Industrialisation and Trade Lucia Iipumbu has urged the private sector to develop funding mechanisms, especially tailored for Small and Medium Enterprises (SMEs), addressing the challenges they face in accessing finance. Responding to parliamentarian…
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration…