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Over 400 Entrepreneurs Pitch For Old Mutual Funding
By:Nghiinomenwa-vali Erastus The Old Mutual Foundation has received 400 applications from hopeful entrepreneurs seeking seed funding from its Sustainable Economic and Empowerment Drive (OM SEED 2.0). After the evaluation process, Foundation identified 10 outstanding entrepreneurs from regions across the country…
Opuwo Appoints First Female CEO
By:Uakutura Kambaekua Opuwo Town Council designated Matjandjara Tjihuura Katurota as the town’s first female CEO for a five-year term. Tjihuura Katurota is the first woman to occupy the position. Tjihuura Katurota replaced Petrus Shuuya, whose contract was not renewed after…
Meatco Promises Producers Timely Payments … estimates another profit in July
By:Nghiinomenwa-vali Erastus The Meat Corporation of Namibia (Meatco) says it aims to pay producers on time and ensure they maximise returns from the country’s lucrative niche markets. In a statement this week, the company revealed it is certain of another…
The Russia-Africa Summit And BRICS: What It Means For Namibia’s Economy And Africa
By:Josef Kefas Sheehama The Russia-Africa Summit ran from 27-28 July under the theme, “For peace, security and development” and was attended by 17 Heads of State including representatives of 49 of the 54 African nations. Furthermore, according to WION…
Old Mutual Foundation Launches N$500 000 Chair & Desk
By:Staff writer The Old Mutual Foundation (OMF) yesterday announced the launch of its Chair & Desk (C&D) Initiative, a project created to address the urgent demand for usable chairs and desks in public schools throughout Namibia’s 14 regions. The Old…
CRAN Revenue Drops By 51.6% In 2022
By:Hertha Ekandjo The Communications Regulatory Authority of Namibia (Cran) has recorded a total revenue of N$36.3 million which was N$38.7 million – or 51.6% – less than the budget of N$75 million for 2022, according to its 2022 annual report….
Namibia’s Africa Exports Reach N$4.9 Billion In June
By:Justicia Shipena Namibia exported commodities worth N$4.9 billion to Africa in June, according to the Namibia Statistics Agency (NSA). The continent currently awaits to implement the African Continental Free Trade Area (AfCFTA). The AfCFTA is one of Agenda 2063’s…
Petroleum Agreement Dictates Nam To Benefit 54%
By:Nghiinomenwa-vali Erastus The government is entitled to receive a share of any successful petroleum project once production has started, said the acting Managing Director of the National Petroleum Corporation of Namibia (Namcor) Shiwana Ndeunyema. In a presentation titled,“The Economic Impact…
El Niño Expected To Drive Food Prices Up Further
By:Staff writer Expected El Niño weather conditions are likely to further increase farmgate prices within the horticulture sector. This is after farmgate prices, the price of goods purchased directly from a farm, without markup added by retailers, have already outpaced…
Nam Has Imported N$340.8 Million Worth Of Rice …as the promising Kalimbeza rice project remains dormant
By:Nghiinomenwa-vali Erastus Namibia imported N$340,8 million worth of rice between June 2022 to June 2023, according to the latest Namibia Merchandise Trade Statistics Bulletin. The trade imports are highlighting the market gaps that exist as the country progresses in producing…