By:Nghiinomenwa vali Erastus “The knowledge of numbers and their basic operation is essential to survive in today’s world,” said Edda Bohn, deputy Director in the Ministry of Education, Arts and Culture. Bohn was speaking at the recent Bank Windhoek’s Capricorn Foundation two-day workshop for the Grade 4 mathematics teachers. She described mathematics is the queen […]
By:Nghiinomenwa-vali Erastus The Minister of Labour, Industrial Relations and Employment Creation has called on the mining industry to come up with contracts that can lessen the impact of mine closures given the volatility of mineral commodities. Utoni Nujoma said this as he delivered the keynote address at the 12th Congress of the Mineworkers Union […]
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 […]
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 […]
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, […]
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 […]
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 […]
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. […]
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 […]
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 […]