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Business / Page 18
N$119 billion SOEs still begging for bailouts
By: Nghiinomenwa-vali Erastus STATE-Owned Enterprises continue to gobble up billions of taxpayers money in bailouts every financial year despite having a collective asset base valued at N$119 billions. Apart from ongoing bailouts, SOE’s have also been granted certain privileges known as guarantees, with taxpayers bearing the potential consequences if they fail to meet their obligations. […]
Revived Rundu Abattoir Kicks-off With a Bang
By:Nghiinomenwa-vali Erastus The recently reopened Rundu Abattoir has recorded the slaughter of 632 cattle during August and September 2023, signifying increased demand for markets by Northern Communal Farmers. The Rundu abattoir has been dormant since 2014 and since its N$40 million revival in August, farmers in the Northern Communal Areas (NCA) have jumped at the […]
Kenya to Scrap Visa for African Visitors
By:Nghiinomenwa-vali Erastus Kenya is set to eliminate visa requirements for all African visitors by the end of this year, a move meant to improve the country’s trade relations with other nations. This decision, announced by President William Ruto at a recent climate change conference, aligns Kenya with countries such as Seychelles, The Gambia, and Benin, […]
AgriBanks’ Non-Collateral Loan Product Still Underutilised
By: Nghiinomenwa Erastus The Agricultural Bank of Namibia says its non-collateralised loan product tailormade to help communal and small scale farmers with needed capital is still underutilised about eight years after it was launched. When it was launched in 2017, Agribank said the loans will range from N$5 000 to N$500 000 per individual client […]
Namibia to Cultivate Its Own Banana Seedlings
By: Nghiinomenwa-vali Erastus The Namibian Agronomic Board has joined forces with AvaGro, a local agricultural company, to further the development of Namibia’s banana industry through research and development. NAB confirmed its partnership with AvaGro, a company specialising in climate-related agricultural solutions. The Memorandum of Understanding (MoU) between the two organisations focuses on the production of […]
Northern Namibia Leads in Hospitality Occupancy Rates
By: Staff Writer Namibia’s hospitality sector witnessed a 4% month-on-month decline in occupancy rates, dropping from 69% in August 2023 to 65% in September. August had marked the highest occupancy rates since the last pre-pandemic peak of 69.9%. According to research conducted by the Hospitality Association of Namibia (HAN) and economists from High Economic Intelligence […]
New Green Scheme Structure Proposed Following Agribusdev Dissolution
By: Nghiinomenwa-vali Erastus The Ministry of Agriculture has put forth a proposal to the Public Services Commission for the establishment of a new, permanent structure to oversee the Green Scheme Projects. It is anticipated that this proposed structure will receive approval by the end of this month. Minister of Agriculture, Water, and Land Reform (MAWLR), […]
No Lion Extinction Risks, Sufficient Numbers for Tourism, Ministry Asserts
By: Nghiinomenwa-vali Erastus NAMIBIAN lions are not facing the risk of extinction and their population has reached the highest level in at least half a century. This is according to aerial surveys conducted by the Ministry of Environment, Forestry, and Tourism. Lions are a vital part of the Big Five in southern Africa, drawing tourists […]
Namibia Imported 331 Tons of Mango in 2022 … expenditure Over N$4 Million Annually
By: Nghiinomenwa-vali Erastus Namibia’s reliance on mango imports is noteworthy, with the country spending over N$4 million annually on fresh mangoes. During the 2021/22 financial year, Namibia imported 331 tons (331,000 kg) to fill the national demand which stood at 569 tons. During the same parmers only contributed 238 tons to the national demand. This […]
Namibia still struggling to root out illegal Fishing … vessels go hide in Angolan waters
By: Nghiinomenwa-vali Erastus MINISTER of Fisheries and Marine Resources Derek Klazen has confirmed that incidences of illegal and unregulated fishing activities are still active in Namibia waters with the latest recorded in April this year. Illegal, unreported, and unregulated (IUU) fishing activities are considered one of the greatest threats to marine ecosystems due to their […]