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Business / Page 23
Kudu Gas To Be Developed … SA wants a piece
By: Nghiinomenwa-vali Erastus After being discovered many decades ago, the government and willing investors are finally moving to extract the gas reserves on the southwestern shores of Lüderitz. It was announced back then that financial investment decisions were to be taken in 2016, however, the steam around the project evaporated and it was not spoken […]
Reusable Sanitary Pads Start-up Took Southern OM SEED Top Prize
By: Nghiinomenwa-vali Erastus A reusable pad manufacturing start-up from the Hardap Region has received the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) 2023 title for the Hardap region, the Old Mutual Foundation announced. TJF Investments CC took up the first spot from the shortlisted 10 start-ups in the south, thus getting N$50,000 seed […]
Opinion: Elevating The Artistic Industry: Time For Upgrade
By: Sarah Anghuwo “Our lives begin to end the day we become silent about things that matter.” – Martin Luther King, Jr. As an arts advocate, it’s truly disheartening to witness the gradual decline of the arts industry. Often, when we ponder art, our mindset narrows to predominantly music, becoming the focal point. Unfortunately, this […]
Economic Growth Projections Hold Steady Amidst Policy Changes
By: Justicia Shipena Despite tightening monetary policy, Namibia will meet its economic growth forecasts this year, according to Floris Bergh, Chief Economist at Capricorn Asset Management. This comes as Namibia’s central bank chose to maintain the monthly policy rate at 7.75% for the next two months following periods of hikes. The Bank of Namibia (BoN) […]
Nam Found Comfort In Zambia Power Supply Arms
By: Nghiinomenwa-vali Erastus Namibia has reduced its power imports from South Africa to below 10% from April to June. This is according to the Namibia Statistics Agency’s monthly electricity reports for 2023. Namibia has long relied on imported power from South Africa (Eskom), but South Africa’s own economy has put strains on its domestic […]
Namibia Sees Over 1% Domestic Economy Improvement In 2022
By:Hertha Ekandjo Namibia witnessed an improvement of over 1% in domestic economic growth in 2022. According to the 2022 United Nations Namibia Country Report, the gross domestic product’s growth of 2.7% in 2021 to 3.9% in 2022 was attributed to the robust increase in diamond mining, as well as sustained growth for most industries in […]
Paragon Commences Groundwork At HKIA
By:Hertha Ekandjo Paragon Investment Holdingsofficially commenced with its ground handling services at the Hosea Kutako International Airport (HKIA) on Saturday. This follows after Menzies was evicted by the Namibia Airports Company (NAC) from HKIA on Saturday morning after it ceased providing ground handling services at the airport on Friday. According to NAC Chief Executive Officer […]
Meat And Fish Prices Soar
By:Nghiinomenwa-vali Erastus Meat lovers should prepare to dig deeper into their wallets as the prices of meat products, including fish, has soared. Prices for overall goods and services increased at a rate of 0.3% during the the month of July to 0.1% witnessed during the previous months. This is according to the Namibia Statistics Agency’s […]
The Construction Sector Outlook Remains Bleak
By:Hertha Ekandjo The construction sector remains bleak, with poor approval and completion results for the year thus far compared to the same period during the pandemic year 2020. According to Simonis Storm Securities (SSS), this has made it likely for the sector to expect the sixth consecutive contraction in the real value of building plans […]
1.2ml Carat, 45 541 Tonnes Of Gold, Uranium Extracted In 2023
By:Nghiinomenwa-vali Erastus In first six months of 2023, the country’s extractive industry has managed to excavate 1.2 million carats of diamonds, and 45,541 tonnes of gold, uranium, and zinc. This is according to the mining sectoral reportproduced by the Namibia Statistics Agency (NSA), and aggregated by The Villager Business Desk. Namibia has around 26 mines, […]