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Continued Inflation Puts Pressure On Households …may increase financial stability risk
By:Justicia Shipena Inflationary pressures continue to mount on households, potentially affecting their ability to service debts. This is according to the Bank of Namibia’s (BoN) and Namibia Financial Institutions Supervisory Authority’s (Namfisa) latest financial stability report. The report emphasises unique…
Union Doubts Chamber’s Employment Figures
By:Mauricia Koopman The Mine Workers Union of Namibia (MUN) has expressed scepticism at the employment figures on the sector released by the Chamber of Mines. The Chamber, this week, released its annual report in which it indicated that total direct…
Banking Institutions Act Not Clear Over BON Powers Over Banking Charges
By:Justicia Shipena The Bank of Namibia (BoN) says the Banking Institutions Act lacks a clear directive authorising the central bank to control fees and charges imposed by the banks. This was disclosed in an interview with The Villager by Kazembire…
Hike Fuel Levy Not Solution, Tollgate Not Economically Viable, RFA Find Alternative
By:Josef Kefas Sheehama The fuel levies are unfortunately intended to target motorists’ pockets, but in most cases, the poor are affected the most. OPEC is considering an oil cut of about 1.15m barrels. As such, Namibians see themselves being caught…
Understanding the Context of Pensions in Namibia in 2023
By: Carmen Forster Part 2 Earlier this year, I wrote an article that highlighted how retirement benefits are provided for in Namibia under Pillar 0 of the World Bank Model for Pension Provision. In this article, we will consider…
Old Mutual Injects N$300k Into National Internship Programme
By:Justicia Shipena Telecommunication giant MTC has received an additional N$300,000 from Old Mutual Namibia for its Namibia National Internship Programme (NNIP). Old Mutual’s sponsorship for the internship programme comes after Standard Bank Namibia contributed N$200,000 to the programme in January…
Swapo, PDM Exposes Each Other Over “Baffling” Past Land Dealings at Opuwo
By:Uakutura Kambaekua The previously dubious land dealing in the town of Opuwo are, according to Swapo’s regional leadership, due to the town’s former leadership under the stewardship of both the Popular Democratic Movement (PDM) and the ruling Swapo party councilors….
N$8,3 billion worth of agri commodities produced in 4Q2022
By:Nghiinomenwa-vali Erastus By the last quarter of 2022, Namibia agricultural entrepreneurs (livestock and crops) have produced goods worth N$8,3 billion. Agricultura has increased by almost two billion (N$1,94 billion)compared to 2 years ago. This is according to the Namibia Agricultural…
DBN Second Recovery Scheme Welcomed
By:Justicia Shipena The Economic Association of Namibia has welcomed the launch of the Development Bank of Namibia’s (DBN) second recovery scheme. DBN stated on Monday that it would be taking part in the Bank of Namibia’s (BoN) SME Economic Recovery…
Namibia SMEs Need Development Before Thinking About Africa
By:Fransina Nghidengwa, Hertha Ekandjo Dinapama’s Managing Director David Namalenga says that Namibian SMEs first need to be developed locally in order for them to be ready for the African market. This comes as Trade Minister Lucia Ipumbu, during the General…