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Parly Passes Bill To Regulate Crypto And Digital Assets
By: staff writer Parliament is making headway in establishing its position on the digital financial landscape. The National Assembly recently approved a pivotal bill, the objective of which is to legalize and govern virtual assets, such as cryptocurrencies. Now in the stage of being officially enacted, the law is a cornerstone for Namibia’s journey into […]
Nam’s Economic Outlook: Managing Global Change and Taking Advantage Of New Opportunities
By:Tyrone van Wyk Like many other countries, Namibia is faced with a challenging economic environment created by global macro changes. The immediate financial outlook for Namibia is examined in this article. Additionally, the potential that green hydrogen as an emerging business provides, as well as the current changes in the oil industry. Global Economic Trends […]
Billion Dollar 100MW Planned Solar To Feed The Grid And Export
By:Nghiinomenwa-vali Erastus O&L Nexentury’s planned N$1 billion solar plant will be connected to one of Nampower’s largest substations and feed in the country grid. The plant, which will be the country’s largest, will contribute to the local generation as an independent power producers. O&L Nexentury announced this in a statement on Friday, stating that “the […]
Health Minister Shangula Sounds Alarm On Dangers Of Illegal Narcotics
By:Justicia Shipena The presence of illegal narcotics and other substances in Namibia, according to health minister Kalumbi Shangula, is a major problem for the country. Speaking at the inauguration of the National Drug Control Commission on Friday, Shangula said the statistics and data at hand show Namibia is no longer just a country where illegal […]
Fuel Prices Drag Down Agri-inflation, As Urea Refuses To Budge
By:Nghiinomenwa-vali Erastus Agri-inflation came down to 8.7% in the first quarter of 2023 slowing down from 2022 levels above 15% when comparing year-on-year. This is according to the first Quarter Agri-Review 2023compiled by the Namibia Agricultural Union (NAU) researcher Bertha Xulu. The slow increase in agricultural inputs can be considered a relief to farmers […]
Declining Inflation Offers Little Relief As BoN Governor Emphasises Ongoing Economic Vulnerability
By:Justicia Shipena Amidst the high cost of living and inflation shocks driving down, countries are not out of the woods yet, the Governor of Bank of Namibia (BoN) Johannes !Gawaxab has said. For the second quarterly Common Monetary Area (CMA)Governors’ meeting of the year held on Friday, the BoN hosted the governors of the central […]
Health Commodities Remain Pricey And Exclusive … universal healthcare a pipe dream, report finds
Nghiinomenwa-vali Erastus Health commodities in Namibia are still pricey and unaffordable to ordinary citizens despite several developments in the sector and increases in the number of public and private health facilities in the country. In fact, since 2005, the increase in health facilities, professionals and the introduction of various technologies in the sector only pushed […]
No Plans To Abandon: BoN Stays Committed To US Dollar For International Trade
By: Justicia Shipena Despite recent reports that countries are moving away from the US dollar, Namibia’s central bank is not considering allowing the country to purchase goods such as oil in its local currency. This comes as The Villager in May had reported that, if Namibia signs agreements with central banks of oil-producing countries, it […]
//Hoebes Raps Seibeb On The Knuckles Over Green Hydrogen
By: Justicia Shipena Minister in the Presidency Christine //Hoebes has described Landless Peoples Movement (LPM) parliamentarian, Henny Seibeb’s allegations against the Green Hydrogen project as “deceptive and selfish” in pursuit of a misplaced political goal. //Hoebes was responding to Seibeb’s queries about his motion on the Green Hydrogen Project, which he tabled last month. Seibeb […]
Trade Deficits Plague Namibia Despite Encouraging Export Performance
By: Justicia Shipena Namibia continues to have monthly trade deficits even though exports have been growing faster than imports in recent months, financial research firm Simonis Storm has observed. This week, Simonis Storm published a report on trade figures for the month of May, which revealed that Namibia’s trade activity increased in value by 18.7% […]