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Economists Foresee Modest Consumption Spending In Future
By:Justicia Shipena Future consumption spending is expected to be modest, according to economists at Simonis Storm Securities (SSS). Real consumption spending fell by 4.4% year over year in the first quarter of 2023, according to the financial research firm’s report…
Namibia Is Ready For Business – Vice-President Mbumba
Justicia Shipena Investors attending the US-Africa Business Summit in Gaborone, Botswana, received assurances from Vice President Nangolo Mbumba that Namibia is prepared for business. Mbumba, who is leading a high-level delegation to the summit, invited potential investors to the country…
Nam Imported N$4,4 Billion Worth Of Goods Within Africa In May
By:Nghiinomenwa-vali Erastus Namibiaimported goods worth N$4,4 billion from Africa during May 2023, out of the total N$12.1 billion the country had spent on imports. This is according to the May 2023 trade statistics issued by the Namibia Statistics Agency. Since…
Non-Banking Financial Institutions’ Assets Increase To N$381.8 Billion
By:Justicia Shipena Assets held by non-bank financial institutions (NBFIs) increased by 4.3% to N$381.8 billion during the first quarter of 2023. An NBFI is a financial institution, such as an insurer, that does not have a full banking licence and…
Youth Need a Voice to Tackle Climate Change
By:Mathias Hangala Environmental Commissioner Timoteus Mufeti says there is a need for youth to partake in decisions and plans which will affect them in the future. The Ministry of Environment, Forestry and Tourism’s environmental commissoner was speaking on Tuesday on…
Middle To Low-Income Earners Struggling To Access Affordable Housing
By:Fransina Nghidengwa Urban and Rural Development Minister Erastus Uutoni says that he is aware of the cost of houses falling out of reach for many people and that those in the middle to low income categories are struggling to access…
Basic Income Grant A Solution To Omaheke’s Malnutrition Conundrum, says Unam Lecturer
By:Fransina Nghidengwa University of Namibia lecturer, Basilius Kasera, says a report of 45 children in the Omaheke region having died of malnutrition only demonstrates the depth of the socio-economic inequality in the country. During his state of the region address…
Joint SADC Agriculture Development Plan Needed, Says Parliamentarian
By:Hilya Ngolo Member of Parliament for Popular Democratic Movement (PDM), Vipuakuje Muharukua has called for the Southern African Community Development Community’s Parliamentary Forum to formulate a regional agricultural development plan. Muharukua made the call at the 53rd SADC Parliamentary Forum’s…
Food And Non-Alcoholic Beverage Categories See Major Price Adjustments
Justicia Shipena Food and non-alcoholic beverages were among the categories that saw the largest levels of price adjustments during the past month, according to the Namibia Statistics Agency (NSA). On Tuesday, NSA released its Namibia Consumer Price Index report which…
Amupanda Turns Down ACC Cooperation On Higher Education Minister Corruption Probe
By:Justicia Shipena The Anti-Corruption Commission’s request for Affirmative Repositioning leader, Job Amupanda to offer information about allegations of corruption against the Minister of Higher Education, Training and Innovation hit a brick wall. Amupanda recently made several accusations on social media,…