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Meatco Addresses Issues Delaying the Clearing of Beef Consignments
By: Justicia Shipena and Nghiinomenwa-vali Erastus THE Meat Corporation of Namibia (Meatco) says it has addressed challenges it encountered with clearing beef consignments to consumers, an issue which resulted in further delays in payment to producers. These challenges, Meatco aid was due to changes experienced in “critical logistical documentation and procedures”. “Meatco experienced delays in […]
Geingob Wants African States to Unite and Create an Integrated Energy Market
By: Justicia Shipena PRESIDENT Hage Geingob has urged African countries to work together more to create a unified energy market. According to Geingob, a healthy and strong energy mix is necessary to grow African economies and fulfil the needs of people. Geingob, while speaking at the ongoing African Energy Week in Cape Town, South Africa, […]
bout 30% of the Rural Population Has No Access To Financial Services … minister calls for more inclusion
By:Nghiinomenwa-vali Erastus MINISTER of Urban and Rural Development Erastus Uutoni has called on stakeholders in the financial service sector to make their services available to people in the rural areas to allow them to fully participate in the transformation of the rural economy. Uutoni said making financial services available to rural people and leveraging digital […]
Renewable Energy Funding Dominates Bank Windhoek’s Sustainability Lending
By: Nghiinomenwa-vali Erastus Bank Windhoek has provided financial support for a total of 59 projects valued at N$57.6 million across Namibia from 2022 to 2023, with 54 of these projects dedicated to Renewable Energy. The remaining four projects focus on Sustainable Agriculture, with one dedicated to Biodiversity Conservation. Claire Hobbs, Bank Windhoek’s Chief Treasurer, […]
Local Brewery to Invest N$65,4 Million in Solar Thermal Technology
By: Hertha Ekandjo ABInBev Welwitschia Brewery, a local brewery, has announced a N$65.4 million investment in Solar Thermal Technology to be established in Okahandja. The brewery’s objective is to reduce its carbon footprint by approximately 700 tons of carbon dioxide (CO2) emissions annually. The solar thermal technology will harness solar heat to generate […]
Spectrum Auction Winners Instructed To Expand 4G Coverage
By:Nghiinomenwa-vali Erastus THE successful bidders for radio frequency spectrum in the 703-788 MHz and 790-862 MHz bands, announced last week, have been directed to increase 4G coverage to a minimum of 80% in six regions. This directive comes from the Communication Regulatory Authority Namibia (CRAN). The six regions affected by this mandate are Kunene, Zambezi, […]
Gender Disparities Persist in Namibia’s Farm Ownership
Nghiinomenwa-vali Erastus WOMEN own only 24% of commercial farms in Namibia, while the remaining 76% are held by men, according to data unveiled by the Namibia Statistics Agency (NSA). These statistics shed light on the unequal distribution of commercial farms in the country, highlighting the predominant ownership by males. These findings come at a time […]
Namibia’s exports surge over eight months in 2023
By:Justicia Shipena Namibia’s export sector has experienced a notable upswing, totaling N$67,2 billion, in the first eight months of 2023. This was revealed by the Namibia Statistics Agency (NSA) in its latest trade statistics report released yesterday. The report underscores Namibia’s progress in international trade of goods. During the initial eight months of the year, […]
Bridging the Funding Gap for Namibian MSMEs and Startups
By:Jeronimo NghilunanyeKateya and KandjengokaMkwaanyoka Namibia’s high unemployment rate is a major concern, and entrepreneurship is often seen as a key solution to this problem. However, many Namibian entrepreneurs face challenges in accessing funding, which can hinder their ability to start and grow their businesses. The financing of MSME and startups in Namibia is a […]
Namfisa Saw 4.2% Decline in Assets in 2022/23
By:Hertha Ekandjo The Namibia Financial Institutions Supervisory Authority (NAMFISA) has recorded a 4.2% decrease in its total assets for the 2022/2023 financial year. Namfisa`s assets decreased by N$13.5 million from N$318.1 to N$304.6 million as at 31 March 2023. This decrease is the result of a total comprehensive deficit of N$8.9 million plus a decrease […]