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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 […]
Stage Audio Works Integrates AV Conferencing System At MTC
By: Staff writer Mobile Telecommunications (MTC), working with Stage Audio Works (SAW), has its AV systems overhauled at the headquarters in Windhoek. MTC needed technology upgrades and corporate AV systems to enhance communication and collaboration in several departmental boardrooms. SAW worked with MTC’s procurement and IT teams and lead with an internet of things […]
Namdia Records 24.9% Increase In Carats Purchase For 2022/23
By: Hertha Ekandjo Namibia’s diamond sales and marketing entity, Namib Desert Diamonds (Namdia) concluded nine diamond sales, with its purchase entitlement increasing by 24.9% from 222,978 to 278,609 carats during the 2022/2023 financial year. This was revealed by the Namibia’s Chief Operations Officer, Uahoroka Kauta during the launch of the company’s annual report for […]
Angel Network Invests In Local Cosmetics
By:Nghiinomenwa-vali Erastus Ilotu Cosmetics, an all-Namibian cosmetic company, that specialises in the production of essential oil based products, has received a boost from an angel investor who purchased a stake in the company, the Namibia Business Angel Network (Naban) last week. Angel investors are wealthy private investors focused on financing small business ventures in exchange […]
The Grid Market Is Not A Monopoly …transmission infrastructure marketopen for investment
By:Nghiinomenwa-vali Erastus Individuals or groups of investors can enter the electricity transmission market as independent power transmitters by building their networks and maintaining them. Nampower only holds a monopoly over the consumer-funded grid infrastructures. This was confirmed by both the Electricity Control Board Chief Executive Officer, Robert Kahimise, and his General Manager for Regulation, Pinehas […]
Nam Imports 47% Of Cereal Grain From Poland
By:Nghiinomenwa-vali Erastus After another dismal grain production at the end of June 2023, Namibia had to spend N$142 million to import cereal grain from Poland, the Namibia Statistics Agency (NSA) said. In the second quarter of 2023, the country’s grain production of maize, wheat and millet was so low the country had to spend N$299.2 […]
Polytechnic Closure Widened Vocational-University Education Gap – Report
By:Nghiinomenwa-vali Erastus Namibia’s public education sector has a big gap between vocational education training providers and universities. A GIZ-funded report titled,“Enhancing Employability: Skills Needs and Gap Analysis in Namibia’s PtX Sector and Recommendations for a Skills Development Programme”, said this is because of the lack of coverage of Technical and Vocational Education and Training (TVET) […]
Beer Production Dwindled For 2023
By: Nghiinomenwa-vali Erastus The country’s alcohol brewing sector has recorded dismal and gloomy production figures for the past seven months of 2023. The Alcoholic Beverage Production Index, which tracks beer production in the country, has not reached 100 for the past 7 months of the year. By the end of July, the index recorded a […]
838 Schools ApplyFor Old Mutual C&D Initiative
By:Nghiinomenwa-vali Erastus The Old Mutual Foundation Chair & Desk (C&D) Initiative received 838 applications from schools around the country, seeking to get their chairs and desks repaired or get new ones, the Foundation revealed this week. The Group Marketing Executive, Mignon du Preez, explained that the initiative is designed to improve the learning environment in […]