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Over 3,000 Unemployed, Qualified Teachers In Kavango Regions
By: Annakleta Haikera A group of unemployed teachers from the Kavango West and East claimed there are about 3,410 unemployed, qualified teachers in the two their two regions. The want government to recruit more teachers to fill staffing gaps…
Rising Oil Prices: A Looming Threat to Namibia’s Inflation
By:Justicia Shipena The rise in oil prices may result in higher transportation costs, which might contribute to growing inflation in Namibia. This is according to economists at Simonis Storm Securities. Inflation rates demonstrated a persistent rate below the 5% threshold…
Construction Contracting In Windhoek and Swakopmund
By:Staff writer The construction sector is contracting in Windhoek and Swakopmund after approvals fell by 8.0% month on month (m/m) in August. This is a 15.7% year-on-year (y/y) decrease from August 2022. For the year so far, there has been…
NSA Budgets N$250 Million For Census Enumerators
By:EnumeratorsBrandon Shilongo The Namibia Statistics Agency (NSA) will payN$250 million inallowances to its ad hoc staff who will be involved in the conduct of the 2023 Population and Housing Census. The governmentallocatedN$706 million for the national exercise. This was revealed…
Vocational Trainees Assembling Agri Tractor Components …Eenhana VTC trainees to lead assembling
By:Nghiinomenwa-vali Erastus Under the Namibia Agricultural Mechanisation and Seed Improvement Project (NAMSIP), 350 tractors’ components are being procured at the cost of N$300 millionto assemble tractors locally. This was announced by the Minister of Agriculture, Water and Land Reform Deputy…
Limited Education’s Impact On Namibian Job Market
By:Lavinia Shawapala Many rural Namibians do not have access to education or training, making it difficult for them to get formal jobs or establish formal businesses. United Nations Resident Coordinator Hopolang Phororo said this during a multi-stakeholder workshop titled,”Setting the…
Repo Rate Pushes Car Buyers To Buy Cash
By:Staff writer The repo rate has forced those purchasing vehicles to do so via cash transactions rather than on credit,a recent analysis has revealed. In August this year, the Bank of Namibia’s Monetary Policy Committee (MPC) opted to keep the…
Nam Needs 300 Network Towers In Five Years
By:Nghiinomenwa-vali Erastus The country’s telecommunication infrastructure company PowerCom has indicated that the country needs about 300 network towers in the next three to five years, with 30 new required in Windhoek alone. PowerCom revealed this during the inauguration of a…
Central Bank Reprimands Commercial Banks Over Profit Shifting
By:Shipena The Bank of Namibia (BoN) has issued a stern warning to commercial banks over profit shifting. “Banks were informed that the Bank of Namibia will not entertain profit shifting and transfer pricing practices, which are done via service level…
BRICS+ to Serve as a Catalyst for Namibian Economic Development
Josef Kefas Sheehama Namibia should close working relationships between these nations and the academia to articulate ways of ensuring that Namibia is enlisted into the BRICS bloc of nations as soon as possible. It is beyond any doubt that the…