The move comes amid surging concerns over the country’s key resources’ local ownership. Namibia is looking to take minority stakes in petroleum production companies, joining nations considering nationalisation of resources, reported Bloomberg News. A major producer of uranium and diamonds, the country is also considering taking stakes in mining firms and establishing a minerals exploration fund. The […]

…Economic interdependence and international trade still key Nghiinomenwa-vali Erastus At the height of Covid-19, many countries limited their export of certain goods or chose whom to sell to. Currently the same behaviour is being observed of countries grouping themselves, and putting up trade barriers. As a result, countries such as Namibia that choose non-alignment in […]

Justicia Shipena Total private sector debt stands at N$119.1 billion, says Simonis Storm Securities in its April private sector credit extension report published on Thursday. This debt, which is 57.8% of the the country’s gross domestic product (GDP), includes both households and companies, with the latter accounting for 38.6% and non-residents firms accounting for 6.3%. […]

Justicia Shipena Beneficiaries of the Okahandja Open Market stalls dropped a bombshell on the municipality and telecommunications company MTC, stating the facility is small and located far away from customers. The Okahandja municipality and MTC inaugurated the open market on Thursday. Mara Tjazerua, a beneficiary who read a demand letter on behalf of the vendors, […]

Josef Kefas Sheehama There is a strong conviction that key stakeholders have the will and the capabilities to develop a robust credit market that will deliver on consumer's rights inclusion. Therefore, there is a need for legislative reform of consumer credit to deal with the complex consumer market. These changes will make it easier for […]

Hertha Ekandjo The water levels of the three major water dams that supply the central area of Namibia (CAN) with water have dropped by 23.1%. The levels of the Omatako, Von Bach and Swakoppoort dams, all combined, are currently at 36.1% of full capacity compared to 59.2% during the same period in 2021/22.This was revealed […]