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WHO Commits N$ 51.1 Million To The Health Ministry For EPR Programme
By:Hertha Ekandjo The World Health Organisation (WHO) has committed N$51.1 million to the Ministry of Health and Social Services to help grow the newly initiated Emergency Preparedness and Response (EPR) flagship programme. The WHO and the Ministry of Health and Social Services on Friday signed a memorandum of understanding on Emergency Preparedness and Response EPR […]
!Gawaxab Calls On An Energy Transition Timeline That Boosts Investor Confidence
By:Justicia Shipena The Governor of the Bank of Namibia (BoN) Johannes !Gawaxab has urged government to develop an energy transition timeline that will boost investor confidence in the country. This follows Mines and Energy Minister Tom Alweendo’s statements on the energy transition, in which he stated in November 2022 that forcing Africa to move forward […]
Namcor Makes N$114 Million After-Tax Profit
By:Justicia Shipena The National Petroleum Corporation of Namibia (Namcor) made an after-tax profit of N$114 million in fiscal year 2021/2022, according to itsjust released annual report. “Namcor made an after-tax profit of N$114 million for the period under review, compared to a loss of N$133 million in the previous financial year,”said Managing Director Immauel Mulunga, […]
Outlook Either Too Bleak Or Nam Projects Too Risky
By:Nghiinomenwa-vali Erastus December 2020 to date, real private sector credit extension has been negative, indicating that less credit has been extended to the private sector, saysstockbroker and wealth management company, Simonis Storm. The last time annual real private sector credit extension has grown by 5%% or more was in 2015. Simonis Storm stated that credit […]
MTC invested N$1,8 million On Its Employees’ Side Hustle
By:Nghiinomenwa-vali Erastus In its quest to promote entrepreneurship, Mobile Telecommunication Company (MTC) has started providing seed capital to its own employees to support their side hustles. MTC said it has channelled N$1,8 million in financial support to its employees to fund their part-time entrepreneurial ventures. The country has been battling access to funding for entrepreneurial […]
Fish Landings Decline Dominated 2022 …as Nam masbanger import shoot up
By:Nghiinomenwa-vali Erastus Fish catches that reach the Namibian shores for further processing and distributions have been declining for the whole of 2022. According to the latest Agricultural Bulletin released by the Namibia Statistics Agency (NSA) for the last quarter of 2022, fish landing has declined for three consecutive quarters, from Q1 to Q4 in 2022. […]
Rural Areas Dominate In Business Establishment
By:Nghiinomenwa-vali Erastus Of all the business establishments existing in the country, 56% were found in rural areas. This is according to the Census Mapping Report done between 2019-2021 by the Namibia Statistics Agency (NSA). The findings come at the time when more people are flocking to the cities for green pastures to seek employment as […]
Women Train On Business Ownership
By:Annakleta Haikera Fifty women entrepreneurs from all 14 regions in Namibia were trained on business skills ans knowledge this week through the Business and Intellectual Property Authority (BIPA). The initiative, according to BIPA Chief Executive Officer Vivienne Katjiuongua, is to give women skills and knowledge and technical know- how they need to utilise intellectual property […]
Banking Institutions Act Not Clear Over BON Powers Over Banking Charges
By:Justicia Shipena The Bank of Namibia (BoN) says the Banking Institutions Act lacks a clear directive authorising the central bank to control fees and charges imposed by the banks. This was disclosed in an interview with The Villager by Kazembire Zemburuka, the Director of Strategic Communications and International Relations at BoN when asked about fees […]
N$8,3 billion worth of agri commodities produced in 4Q2022
By:Nghiinomenwa-vali Erastus By the last quarter of 2022, Namibia agricultural entrepreneurs (livestock and crops) have produced goods worth N$8,3 billion. Agricultura has increased by almost two billion (N$1,94 billion)compared to 2 years ago. This is according to the Namibia Agricultural Union (NAU) Fourth Quarter Agri-Review – 2022 released last month. NAU researcher, Beata Xulu on […]