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Business / Page 31
Individual Wealth A Better Measure Than GDP
By:Nghiinomenwa-vali Erastus The Africa Wealth Report(AWR) 2023 has indicated that private wealth is a far better measure of the financial health of an economy than Gross Domestic Product (GDP). According to the report, in many developing countries, a large portion of GDP flows to the government and therefore has little impact on private wealth creation. […]
High Local Prices Drive Us To South Africa, Horticulture Entrepreneur Says
By:Loise Shiimi Magano Rainhold is a young graduate from Oshakati. When she graduated in 2017 in telecommunications engineering at Triumphant College she thought life would be easier. She, however, struggled to find a job. Very soon enough, she came to the conclusion that staying home won’t pay her bills and that she needed to to […]
N$5.3bInvested In Renewable Energy Generation
By:Nghiinomenwa-vali Erastus From 2014, local and foreign investors have poured in N$5,3 billion to generate electricity from alternative/renewable sources in the country, the Electricity Control Board’s (ECB) Chief Executive Officer, Robert Kahimise, said. The N$5,3 billion includes investment by the independent power producers (IPPs) under Namibia’s Renewable Energy Feed-In Tariff (REFIT), together with NamPower’s renewable […]
Radio Is The Preferred Medium For Receiving News
By:Nghiinomenwa-vali Erastus In a survey conducted last year, Vision Africa Research Services has highlighted that 40,7%people depend more on radios for their news and other information. The Internet was the second source at 23,6%, followed by TV. Newspapers are the third source of news. The survey results are contained in the Communication Regulatory Authority of […]
SMEs To Get Option To Exchange Shares For Capital Soon
By:Nghiinomenwa-vali Erastus As part of the national Small to Medium Enterprises (SMEs) Financing Strategy, the country will soon launch its own Venture Capital Fund, that will be exchanging capital for equity in high-growth SMEs. The Development Bank of Namibia (DBN) announced last week that it is in the process of developing and establishing a Venture […]
Fueling The Recovery: Oil And Gas SMEs Find Support In Namibia’s Loan Scheme
By:Justicia Shipena In Namibia, the Small and Medium-sized Enterprises (SMEs) Economic Recovery Loan Scheme has extended its support to an array of industries, including the crucial oil and gas sector. Acknowledging the significance of this sector in the country’s economy, the Bank of Namibia (BoN) has confirmed that SMEs operating within the oil and gas […]
Nam Advised to Formulate Mining in Wildlife-Concentrated Areas
By:Nghiinomenwa-vali Erastus The recent three-day National Conference on Human Wildlife Conflict Management has recommended that rural communities take ownership of conservancies and reduce control by non-members. This is included in the summary of the resolutions that were made during the country’s first National Conference on Human Wildlife Conflict Management deliberations. Minister Of Environment, Forestry and […]
Nam Sources Pork Meat From EU Markets
By: Nghiinomenwa-vali Erastus The Meat Board of Namibia said for the first three months of 2023, 68.5% of Namibia pork need was serviced by imports, inclusive of offal and processed products. Tthree-month assessment has revealed, showing the agri opportunities the country possesses for utilization by entrepreneurs. Due to the huge domestic demand, local retailers went […]
O&L Gets Permit To Construct N$350 Million Solar Park In Germany
By: Staff writer O&L Nexentury GmbH, a subsidiary of the Ohlthaver & List Group, has been granted the advanced water management permit (“gehobene wasserrechtliche Erlaubnis” in German) for the construction and operation of a floating solar photovoltaic park. The permit, from the District Administration Office of Karlsruhe, Germany, will be country’s largest, valued at N$350 […]
NamibiaExports 30,436 Heads Of Live Cattle To SA, Says Meatco Report …almost all of the live export are weaners
By:Nghiinomenwa-vali Erastus Up to 30,635 heads of cattle left the country during the first three months of 2023 relative to 28,972 heads exported during the same period in 2022, according to the Livestock & Meat Industry Q1 Review released by the Meat Board at the end of April. The South African market accounted for 99.4% […]