By:Justicia Shipena The Economic Association of Namibia has welcomed the launch of the Development Bank of Namibia’s (DBN) second recovery scheme. DBN stated on Monday that it would be taking part in the Bank of Namibia’s (BoN) SME Economic Recovery Loans programme. According to DBN, participation increases the number of schemes offered by DBN from […]

By:Nghiinomenwa-vali Erastus Government Institutions Pension Fund (GIPF), 45,497 pensioners will receive more on their monthly annuities after the Fund jerked up the benefits this month. The increase of 5.46% comes after the 4.62% increase for 2022/2023 financial year, GIPF announced last week. The pension benefit increase was effective 1 April 2023. According to the Fund, […]

By:Nghiinomenwa-vali Erastus Money became expensive last week for those who plan to borrow and fund their consumption. At the same time, by the end of March of 2023, 50% of consumable prices have gone up by 5%. The latest inflation figures from the Namibia Statistics Agency for March 2023 show that out of the 12 […]

By:Nghiinomenwa-vali Erastus The Electricity Control Board is (ECB) reviewing 17 renewable energy generation licence applications, most of which want to generate electricity to sell it to the Southern Africa Power Pool. This is despite Namibia’s own significant generation deficit, which led to the country importing around 70% of its power from Zambia, South Africa, Zimbabwe, […]

By:Justicia Shipena The national occupancy rate for the first quarter of 2023 displayed excellent results since the start of the global Covid-19 pandemic. In the first quarter of 2023, the occupancy rate was on average 36.5%, according to a Simonis Storm Securities report. “Nonetheless, this is the best first quarter occupancy rate since the onset […]

By :Fransina Nghidengwa First National Bank Namibia, on Monday relaunched an updated SME value proposition to further support small-medium enterprises (SMEs). FNB Namibia Chief Executive Officer, Erwin Tjipuka said they are also launching the Credit Guarantees Scheme to assist SMEs with access financing. These solutions are aimed at equipping Namibian entrepreneurs with the necessary financing […]

By:Nghiinomenwa-vali Erastus From 1990, the government, through its Land Reform Programme, has bought 3,4 million hectares of land (571 farms) at the cost of N$2,4 billion. It has resettled 5,458 beneficiaries after the first land conference in 1991. This is contained in the Land Reform Statistics for the 2021/2022 financial year issued by the Ministry […]

By:Staff writer An increase in the interest rate could not deter the vehicle sales sector recording its highest sales in nearly six years. At least 1,226 units were sold in March, compared to 1,280 units sold in July 2017. Bank of Namibia (BoN) is set to announce the Monetary Policy Committee’s (MPC) decision on the […]