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Fish Landings Decline Dominated 2022 …as Nam masbanger import shoot up
By:Nghiinomenwa-vali Erastus Fish catches that reach the Namibian shores for further processing and distributions have been declining for the whole of 2022. According to the latest Agricultural Bulletin released by the Namibia Statistics Agency (NSA) for the last quarter of…
Rural Areas Dominate In Business Establishment
By:Nghiinomenwa-vali Erastus Of all the business establishments existing in the country, 56% were found in rural areas. This is according to the Census Mapping Report done between 2019-2021 by the Namibia Statistics Agency (NSA). The findings come at the time…
Understanding the Context of Pensions in Namibia in 2023 – Part 2
By: Carmen Forster Minimum Contributions Even if a retirement fund member diligently preserves his/her retirement savings benefit, he/she will not be able to save enough to achieve a reasonable level of post-retirement income (around 75% of their pre-retirement salary)…
Women Train On Business Ownership
By:Annakleta Haikera Fifty women entrepreneurs from all 14 regions in Namibia were trained on business skills ans knowledge this week through the Business and Intellectual Property Authority (BIPA). The initiative, according to BIPA Chief Executive Officer Vivienne Katjiuongua, is to…
Agricultural Sector Continues To Perform Poorly … but the livestock sector recorded a positive growth
By:Justicia Shipena Despite all industry subsectors’ outputs increasing in 2022, the agricultural sector continues to perform poorly, according to Simonis Storm’s Agricultural monthly report for March. The agriculture industry saw an overall growth of 2.6% in 2022, with animal farming…
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…