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Business / Page 21
Over 10, 000 Jobseekers Registered, Only 613 Placed …more women unemployed, as agriculture dominates job placement
By:Nghiinomenwa-vali Erastus In the first two quarters of 2023, the Ministry of Labour, Industrial Relation and Employment Creation has registered 10,358 jobseekers, but has only managed to place 613 with employers. Furthermore, in the six months, designated employers have registered 1,890 vacancies.Additionally, in the last last 3 months of the 6 months, 1,754 employees were […]
Repo Rate Increases Help Capricorn Rise To Pre-Pandemic Pofits
By:Staff writer Capricorn Group’s profit after tax has increased by 28.7% to N$1.47 billion for the year ended 30 June 2023 , the Group has announced. According to the Group Chief Executive Officer, Thinus Prinsloo, this is due to improved net interest margins, reduced credit impairment losses, strong growth in non-interest income and efficient operations. […]
Construction Contracting In Windhoek and Swakopmund
By:Staff writer The construction sector is contracting in Windhoek and Swakopmund after approvals fell by 8.0% month on month (m/m) in August. This is a 15.7% year-on-year (y/y) decrease from August 2022. For the year so far, there has been 20.6% less projects approved compared to the same period last year and 3.6% less than […]
Vocational Trainees Assembling Agri Tractor Components …Eenhana VTC trainees to lead assembling
By:Nghiinomenwa-vali Erastus Under the Namibia Agricultural Mechanisation and Seed Improvement Project (NAMSIP), 350 tractors’ components are being procured at the cost of N$300 millionto assemble tractors locally. This was announced by the Minister of Agriculture, Water and Land Reform Deputy Minister Anna Shiweda during a visit to theOshana, Oshikoto, Ohangwena and Omusati regionslast week. The […]
Limited Education’s Impact On Namibian Job Market
By:Lavinia Shawapala Many rural Namibians do not have access to education or training, making it difficult for them to get formal jobs or establish formal businesses. United Nations Resident Coordinator Hopolang Phororo said this during a multi-stakeholder workshop titled,”Setting the Stage for a Namibian Diagnostic of Informality in Namibia.” The two-day workshop, co-hosted by the […]
Nam Needs 300 Network Towers In Five Years
By:Nghiinomenwa-vali Erastus The country’s telecommunication infrastructure company PowerCom has indicated that the country needs about 300 network towers in the next three to five years, with 30 new required in Windhoek alone. PowerCom revealed this during the inauguration of a N$965,815 network tower in Goreangab Dam early this week. The Board Chairperson of Powercom, Eldorette […]
1,200 Learners In Informal Settlements Get Solar Lamps
By: Nghiinomenwa-vali Erastus The Capricorn Foundation has donated 1,200 portable solar lamps to 10 schools in informal settlements in various regions of the country. With the country’s electrification still below 50% and worse in rural areas, having access to electricity and lamps to study at night is a luxury for many learners. Recent surveys conducted […]
City Working On Proposal To Write Off Pensioner Debt And Interest …the Local Authority Act is the barrier
By:Nghiinomenwa-vali Erastus and Lavinia Shawapala The City of Windhoek is currently working on a proposal to write off debts of pensioners and interest for all residents. The City is, however, busy with audits in line with its approval processes, which they hope to conclude by the end of October 2023. This was revealed by the […]
CoW Considers A Mini-Grid For Mix Settlement
By:Nghiinomenwa-vali Erastus The City of Windhoek has announced that it is working with the Berlin Energy Agency (BEA) on a feasibility study to develop a solar photovoltaic (PV) mini-grid for the Mix Informal SettlementArea (MISA). The MISA is located about 20km north of the capital in the Windhoek Rural Constituency and the municipality finds it […]
IDs Usage Between Nam And Bots Picking Up
By:Nghiinomenw-vali Erastus Around 6,500 people who travelled from Namibia to Botswana used their national identity cards (IDs) to cross over, and around the same number of people who crossed over from Botswana also used it as the new cross-border document. This is according to an update provided by the Council of Ministers of the Trans- […]