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Namibia Needs 400,000 Jobs to Achieve Vision 2030 Unemployment Target
By: Justicia Shipena Namibia is faced with the challenge of creating between 370,000 and 400,000 jobs within the next seven years to meet the Vision 2030 objective of reducing unemployment. This is according to economic advisor to the President and…
Northern Namibia Leads in Hospitality Occupancy Rates
By: Staff Writer Namibia’s hospitality sector witnessed a 4% month-on-month decline in occupancy rates, dropping from 69% in August 2023 to 65% in September. August had marked the highest occupancy rates since the last pre-pandemic peak of 69.9%. According to…
Relentless Price Hikes Tightening Financial Hardships … average monthly costs for a single person in Namibia is estimated at N$8,385 (excluding rent)
By: Nghiinomenwa-vali Erastus A relentless surge in the prices of essential goods and services, both globally and domestically, has outstripped nominal wage and welfare payment increases, leading to a decline in real disposable incomes. These findings are detailed in a…
Repo Rate Expected to Remain Unchanged, Experts Predict
By: Justicia Shipena The Bank of Namibia (BoN) is expected to maintain the interest rate at its current level when it announces the repo rate today, following the lead by its South African counterpart. BoN’s Monetary Policy Committee (MPC) raised…
Namibia is Well Positioned to Benefit from China’s Belt and Road Initiative
By: Dwight links CHINESE ambassador Zhao Weiping says Namibia is well positioned to play a crucial role in his country’s Belt and Road Iniviative aimed at enhancing global economic cooperation. Weiping sees Namibia’s involvement as strategically important due to its…
Unconventional Thoughts: Political Squabbles Are Hindering Economic Progress
By: Kandjengoka Mkwaanyoka IN today’s Namibian political landscape, it’s evident that various local authorities are mired in political squabbles, suspensions, and delays in decision-making. Most of the squabbles we have witnessed are primarily based on political affiliation. Unfortunately, these squabbles…
The Erosion of Judicial Independence in Namibia
By: Michael Saddam Amushelelo The notion of a truly independent judiciary in Namibia appears to be crumbling, and I have witnessed it firsthand. When exactly it fell off the pedestal, I do not know, but like Humpty-Dumpty, it is broken….
New Green Scheme Structure Proposed Following Agribusdev Dissolution
By: Nghiinomenwa-vali Erastus The Ministry of Agriculture has put forth a proposal to the Public Services Commission for the establishment of a new, permanent structure to oversee the Green Scheme Projects. It is anticipated that this proposed structure will receive…
Dundee Finds Germanium and Gallium In Its Waste and plans to harness them as critical minerals
By: Justicia Shipena DUNDEE Precious Metals has unveiled its plans to harness waste products that contain the presence of germanium and gallium as a parallel stream to their copper production in Tsumeb. Dundee Precious Metals’ President and Chief Executive Officer,…
Auditor General Raises Concerns OverKavango East Regional Council’s Finances
By: AnnakletaHaikera The Auditor General, Junias Kandjeke, has identified several concerns related to the financial records of the Kavango East Regional Council for the fiscal year ending in March 2019. In granting the regional council an adverse audit opinion, Kandjeke…