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Business / Page 17
No Namibian Beef in USA Markets Since 2020
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 […]
Govt To Borrow N$3.2 Billion in Five Months
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 […]
Short-Term Employment Permits Now Available at Various Border Posts
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 […]
Plan in Motion to Address Namcor Governance Issues
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 […]
Northern OMAs/Retailers Defying Beef Procurement Orders
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 […]
Amendments to Consider Full Maternity Pay
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 […]
Urgent Diversification Needed to Reduce SACU Revenue Dependency
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 […]
Surge in Fish Prices a Burden for Local Consumers
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 […]
Paratus rolls out 28 retail outlets across Namibia
By: Staff writer Telecommunications operator, Paratus Namibia has opened nine additional resellers and six pop-up shops across the country. These are Outapi Pop-Up Shop, Eenhana Pop-Up Shop, Oniipa Pop-Up Shop, Otjomuise Pop-Up Shop, Soweto Pop-Up Shop, Okuryangava Pop-Up Shop. The operator opened three new pop-up shops in informal areas around Windhoek earlier this year. The […]
Paratus Secures N$578 Fibre Expansion Funding
By: Staff writer Paratus Group has secured US$31-million (N$578 million) in funding to expand its fibre routes connecting Angola, Democratic Republic of Congo (DRC), Botswana, Namibia, South Africa, Mozambique and Zambia over the next three years. The funding is secured from Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) and fund […]