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Govt To Borrow N$3.2 Billion in Five Months
By: Nghiinomenwa-vali Erastus The government plans to borrow N$3.2 billion from institutional and individual investors between October 2023 and March 31, 2024, to address a widened budget deficit and fulfil outstanding obligations. The borrowing will occur domestically through bonds and…
Northern Water Crisis: Economic Dreams Shattered
By: Loise Shiimi The ongoing scarcity of potable water in northern and north-eastern Namibia continues to cast a shadow over the region, not only causing hardships but also hampering economic aspirations. The situation is especially dire in the Oshikoto region,…
No Namibian Beef in USA Markets Since 2020
By: Nghiinomenwa-vali Erastus Namibia’s beef exports to the United States came to a halt in July 2020 after a brief resurgence that saw 550,576 kilograms of beef crossing the Atlantic Ocean over seven months. The Villager’s analysis has uncovered the…
Short-Term Employment Permits Now Available at Various Border Posts
By: Nghiinomenwa-vali Erastus Various points of entry into Namibia have received authorisation to start issuing Short-Term Employment Permit endorsements without sending travellers to the headquarters in Windhoek. This was revealed by the Ministry of Labour, Industrial Relation, and Employment Creation…
Youth Told to Prioritise Financial Literacy
By: Nghiinomenwa-vali Erastus As the economic landscape undergoes transformative changes locally, regionally, and continentally, the understanding of financial matters, encompassing risk, investment, allocation, and hedging, is becoming increasingly intricate. Amid these changes, Joachim van Schalkwyk, the Broker Distribution Manager at…
Unconventional Thoughts: Either We Innovate Like Thieves Or Continue Being Bullied
By: Kandjengo kaMkwaanyoka Observing the descent of the Hercules Oil Rig into our waters to assess offshore wells triggers a cascade of thoughts within me. In this context, I would like to discuss how criminals and fraudsters have elevated their…
Plan in Motion to Address Namcor Governance Issues
By: Nghinomenwa-vali Erastus Namcor’s board of directors and management has admitted that the company’s weak risk management and governance loopholes were to blame for its inability to pay creditors. Acting Managing Director Shiwana Ndeunyema and Board Chairperson Jennifer Comalie briefed…
Fishing Rights Holders Accused of Intentional By-Catching
By: Justicia Shipena Fisheries Minister Derek Klazen has expressed concern that by-catching is becoming an alarming trend in the fishing industry, accusing some companies of deliberately doing it. The practice, according to Klazen, has negatively affected the species such as…
Uranium Surge: FNB Anticipates Mining to Drive Economic Expansion
By: Justicia Shipena FNB Namibia’s economist, Ruusa Nandago, believes that mining activities will continue to be a pivotal factor in propelling economic growth. The primary catalyst for mining growth, particularly in the year 2024, is predicted to be uranium, buoyed…
Namibia Ranks 9th in Africa for Innovation … Globally at 96th Position
By: Loise Shiimi Namibia has been ranked in the ninth spot as the most innovative economy in Africa. This is according to the latest World Intellectual Property Organisation’s (WIPO) Global Innovation Index (GII) report. Mauritius clinched the top position, followed…