By: Nghiinomenwa-vali Erastus Angola and Nigeria have expressed their intent to defy the directives by the Organisation of the Petroleum Exporting Countries and Allies (OPEC+) urging member states to reduce oil production in an attempt to stabilise the market. The Ministry of Mines and Energy (MME), in its latest Fuel Price Review Announcement, confirmed this […]

By: Nghiinomenwa-vali Erastus Namibia’s beef exports to the United States came to a halt in July 2020 after a brief resurgence that saw 550,576 kilograms of beef crossing the Atlantic Ocean over seven months. The Villager’s analysis has uncovered the reasons behind this abrupt cessation. Namibia had gained access to the US market after persistent […]

By: Nghiinomenwa-vali Erastus The government plans to borrow N$3.2 billion from institutional and individual investors between October 2023 and March 31, 2024, to address a widened budget deficit and fulfil outstanding obligations. The borrowing will occur domestically through bonds and treasury bills auctions facilitated by the central bank, as outlined in the updated 2023/24 Borrowing […]

By: Nghiinomenwa-vali Erastus Various points of entry into Namibia have received authorisation to start issuing Short-Term Employment Permit endorsements without sending travellers to the headquarters in Windhoek. This was revealed by the Ministry of Labour, Industrial Relation, and Employment Creation in its quarterly report from June to September 2023. Effective June 2, 2023, selected border […]

By: Nghinomenwa-vali Erastus Namcor’s board of directors and management has admitted that the company’s weak risk management and governance loopholes were to blame for its inability to pay creditors. Acting Managing Director Shiwana Ndeunyema and Board Chairperson Jennifer Comalie briefed the media on the company’s recent challenges yesterday. At that event, the two promised that […]

By: Nghiinomenwa-vali Erastus Government Offices, Ministries, Agencies, and private sectors north of the Veterinary Cordon Fence are disregarding directives to procure beef products from northern farmers. This defiance, according to a latest annual report by the Meat Corporation of Namibia, (Meatco) is attributed to existing supply contracts with southern suppliers. The directive encouraging public and […]

By:Nghiinomenwa-vali Erastus Minister of Labour, Utoni Nujoma has said proposals to extend maternity leave from 12 weeks to 20 weeks with full salaries can only be considered when the Labour Act is amended. Nujoma confirmed that the Labour Act is currently undergoing reviews and will soon be amended. He said interested parties including politicians in […]

By: Nghiinomenwa-vali Erastus Minister of Finance, Iipumbu Shiimi, has issued a stark call to fellow policy makers emphasising the need for Namibia to adopt a more aggressive approach to diversification to reduce its dependency on SACU for revenue. Relying on SACU (Southern African Customs Union) for revenue is increasingly viewed as a risky strategy, prompting […]

By: Nghiinomenwa-vali Erastus Fish, the once-affordable staple food in Namibia is becoming costly, experiencing a significant spike in prices since May and posing challenges for consumers. The recent spike in the price of fish is the second largest commodity price increase recorded since May after vegetables. According to the latest consumer price index, fish prices […]