Search in the website:
Business / Page 41
Producer Price Index For Mining And Quarrying increases In Third Quarter
By: Hertha Ekandjo The mining and producer price index for the third quarter of 2022 rose to 130.5 basis points, up from 102.1 recorded in Q3 of 2021, which translates into an annual inflation rate of 27.9% compared to -17.8% recorded in the third quarter of 2021. This is according to the Namibia Statistic Agency's […]
School Uniform Manufacturing Project Opened At Nkurenkuru
By:Nghiinomenwa-vali Erastus The Namibian government has inaugurated a school uniform manufacturing project at the Nkurenkuru town in Kavango West region to cut on the country’s heavy reliance on school uniform imports. The country imports 90% of school uniforms and sportswear sold in local retail stores mainly from South Africa, India and China. Speaking at the […]
Poultry Products Imports Suffocate Local Production
By:Nghiinomenwa-vali Erastus The Namibia Agricultural Union (NAU), in its latest Third Quarter Agri-Review 2022, has revealed that the country has advanced in poultry products production, but the sector is under threat from a high influx of poultry meat and products, including eggs. Researcher Beata Xulu revealed in the report that the country’s poultry sector grew […]
Expensive Money And Risk-Aversion Casting Shadows On The Recovery
By:Nghiinomenwa-vali Erastus Analysts are worried that the cost of money and banks becoming too shy to lend will affect the Namibia’s economic recovery. To date, the Bank of Namibia has increased the benchmark rate by around 300 basis points as a result pushing up the cost of money in the economy (prime interest) to 10.50%. […]
Namibia Tops In Retirement Savings In Africa
By:Nghiinomenwa-vali Erastus Namibians are some of the Africans that will retire comfortably, provided they donot tempt with their retirement savings, as the country is rated high in retirement savings. Namibia has the highest pension assets to GDP ratio in Africa, according to the latest report by RisCura Bright Africa. Bright Africa is RisCura’s research resource […]
Namibia Fails To Export Beef to USA For More Than Two Years …while minimal inconsistent export to Africa continues
By:Nghiinomenwa Erastus In the last 25 months Namibia has not exported a single consignment of beef to the United States market, this is according to the latest livestock marketing statistics compiled by the Meat Board of Namibia for the month of October 2022. The last time the country exported to the USA market was in […]
The Unconventional and Unorthodox Thoughts
Opinion Piece: The New Dawn of Economic Diplomacy and Negotiation By Kandjengo kaMkwaanyoka Many people question the top leadership of the country when it comes to certain decisions it takes on behalf of the country, be they bilateral or multilateral. A classic example is when the ministry of finance (MoF) confessed that […]
Africa Trades Away Raw Minerals, Keeps Cattle, Chickens At Home
By:Nghiinomenwa-vali Erastus According to analysis by theTrade Law Centre (Tralac), only 9% of petroleum gas, 6% of gold, and 6% of iron ores remain in Africa where they have been mined. However, almost all live cattle and chickens remain on the continent, the trade-based body revealed in its 9th edition of […]
Rundu’s Premier Trade Fair Returns After Two-Year Break Due to COVID-1
By:Annakleta Haikera Works and transport minister, John Mutorwa, says Rundu is among the fastest developing and growing border towns in Namibia. He said this at the official opening of the 2022 Rundu Annual Trade Fairlast week. “The Kavango River, emanating from the Angolan mountainous highlands stretches from Katwitwi, the border town with Angola in the […]
Namibia’s external debt stood at a whopping N$6.3 billion in 2021/22
By Justicia Shipena Namibia’s total borrowing from external sources amounted to N$6.3 billion or 25 percent of the total funding requirement. This is according to the government’s accountability report for the financial year 2021/22. The report states that, at the same time, the government redeemed N$7.4 billion outstanding on the Eurobond on 2 November 2021. […]