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Namibia / Page 107
Rising Interest Rates And Inflation Pose Challenges For Household Consumption
By:Justicia Shipena High interest rates and high inflation will continue to have a drag on household consumption, says Ruusa Nandago, an economist at FirstRand Namibia, in the Namibia Household Consumption Report released on Tuesday. In May 2023, inflation had slowed from its peak of 7.3% to 6.3%, following the broad disinflationary trend seen around the […]
Namibia And The World At The Mercy Of Saudi’s Daily Barrel
By:Nghiinomenwa-vali Erastus Saudi Arabia, one of the world’s biggest crude oil producers, has pledged a new voluntary oil output cut of 1 million barrels per day for July, which could be extended further, its energy ministry said. At about 35% of the total production, Saudi Arabia is by far the largest contributor to the Organisation […]
Why Is Namibia Not Meeting Its Energy Demands?
By:Staff writer Onesmus Nana. Hangula Namibia has a load demand of approximately 700 MW, with more than 60% of the power imported . The power is imported mainly from South Africa, Zambia, Zimbabwe, and sometimes Mozambique. Namibia has four power stations, namely Ruacana- Hydro (330MW), Van Eck – Coal (120MW), Paratus – Diesel (24MW), and […]
Old Mutual And UNDP Extend SEED Funding To More Towns
By:Nghiinomenwa-vali Erastus The Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) will be extended to Rundu, Swakopmund, Walvis Bay and Mariental, the Old Mutual Foundation announced in a statement last week. An amount of N$300,000 will be distributed to entrepreneurs in the four towns. The Foundation has invited aspiring entrepreneurs in the four towns […]
MTC Affirms Its Ongwediva Annual Trade Fair Sponsorship
By:Nghiinomenwa-vali Erastus Mobile Telecommunications (MTC) has assured the Ongwediva Annual Trade Fair Preparatory Committee (OATF-PC) of its commitment to continue being the main sponsor of the fair. This was done through a sponsorship amount of N$385,000, during a gala dinner hosted in the northern town of Ongwediva over the weekend. As a result, MTC remained […]
Opuwo’s Third Division League Yet To Pronounce Itself On Match-Fixing Allegations
By:Uakutura Kambaekua Opuwo’s third-division league has yet to issue an official statement about the match-fixing allegations and manipulation of football competition results involving two games played in the town on the weekend of June 17, 2023. The Opuwo third division, an affiliate of the Kunene Football League (KFL), has recently become the talk of the […]
Chinese, Indian Shops The Only Job Opportunities For Youth In Divundu and Ndiyona
By:Hertha Ekandjo and Annakleta Haikera Divundu and Ndiyona inhabitants in the Kavango East region say the only employment opportunities are from the Chinese and Indian shops in these areas. According to them, getting a job in an Indian or Chinese shop as a shopkeeper is their only way of survival as the government, they say, […]
More Capital Commitment But No Investment
By:Nghiinomenwa-vali Erastus Cumulatively N$10,19 billion of Namibia’s savings were availed for unlisted space investment in 2022, however, as at 31 December 2022 only N$5.5 billion was disbursed. This has left around N$4,69 billion of the committed capital lying idle. This was indicated by the Namibia Financial Institutions Supervisory Authority (Namfisa) in its second and fourth […]
FIMA Technical Team On Chapter 5 Concludes Work On Its ToR And Charter
By:Justicia Shipena Chairman of the Financial Institutions Market Act’s Advisory Technical Committee (TAC), Dr Manfred Zamuee yesterday announced that the committee has finalised its Terms of Reference (ToR) and Charter to kick-start its mandate. The 36-membercommittee, which was inaugurated in May of this year by the Minister of Finance and Public Enterprises Ipumbu Shiimi, was […]
Tribalism Stifles Development – Kunene Governor
By:Uakutura Kambaekua’s Kunene Governor Marius Sheyahas once again emphasised the dangers of tribalism in terms of socioeconomic development, saying it poses a challenge to attaining inclusive growth and shared wealth. During his State of Regional Address (SORA), Sheya bemoaned the fact that the region is continuously caught up in the trap of tribalism, urging leaders […]