By: Staff writer British Airways has announced a codeshare partnership with Airlink, improving connectivity between the UK, Europe, North America and more than 15 destinations in Southern Africa. With bases in Johannesburg, Cape Town, and Durban in South Africa, Airlink is a premium regional airline with a wide-reaching network of cities in 14 countries, including […]

By: Staff writer The Namibian Revenue Agency (NamRA) says the loss of revenue due to dishonest importers is what led to amendments to custom laws effective 1 March. The amendments mean that any second hand car transiting through Namibia can only do so in a car trailer and not on its own wheels. “The amendments […]

By:Nghiinomenwa-vali Erastus Various adverse developments, globally and on the continent, within food production such as record high prices for food, fertilisers, and energy, as well as supply chain channel disruption, have worsened food security. Domestically, the recurring episodes of floods and droughts have regularly disrupted food production given the reliance on rain-fed production. Thus, the […]

By:Nghiinomenwa-vali Erastus The commercial banks have loaned out N$1,6 billion to resident businesses and N$2,9 billion to households by the end of 2022 compared to December 2021. According to the December 2022 monetary and financial statistics released by the Bank of Namibia end of January 2023. This is amid risk aversion in commercial lending from […]

By:Nghiinomenwa-vali Erastus In terms of the 2022/23 Fiscal Strategy of the ministry of finance, the country net borrowing requirement stands at around N$82 billion in four years. This means for the past four financial years, the government needed around N$82 billion to fill the budget deficit.Out of that, around N$19,4 billion was foreign funding. Thus, […]

By:Nghiinomenwa-vali Erastus Meatco chief executive officer Mwilima Mushokabanji has indicated that despite external factors, internally they have met all the board key performance indicators to get the company profitable. Mushokabanji said what is happening to the company cannot be attributed to Meatco’s management nor the board, but to external factors that affected raw material supply, […]

By:Nghiinomenwa-vali Erastus The dream to roll out e-learning and e-health countrywide might be illusive for Namibia as a large number of schools and healthcare centres are not connected to the internet. The total number of schools that have no access to the internet in the country is 1 300 as some are not even connected […]

By:Nghiinomenwa-vali Erastus MTCswitched on its 1000th network tower at Okadhiya, Okatyali constituency in the Oshana regionthis week, as it aims to unlock Namibians to digitalisation. This was done under its 081Every1 Project, which the telecommunication giant launched in 2017 with the aim of connecting 100% of the country to a reliable network grid. The 081Every1 […]

By:Hertha Ekandjo Following the South African Reserve Bank (SARB) announcing an increase of the repo rate by 25 basis points, which brings the repo rate to 7.25% from 7%, Namibians indebted households and businesses should expect the domestic central bank to follow suit. An increase in the repo rate will automatically increase monthly debt repayment, […]

By:Nghiinomenwa-vali Erastus To qualify for tariff preferences under the provisions of the African Continental Free Trade Area, value addition has to happen in state parties to a certain extent. This is according to the African Continental Free Trade Area (AfCFTA) Rules of Origin, as summarised by the Secretariat. Simple packaging, assembling, ironing, sorting, peeling, sharpening, […]