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Nkurenkuru Expo Is An Enabler For Economic Growth – Pohamba
By: Annakleta Haikera Former President Hifikepunye Pohamba said the Nkurenkuru Expo 2023 provides an opportunity to unlock investment opportunities in the town which is the administrative capital of the Kavango West region. He said this in a speech delivered on his behalf by his Special Assistant Frans !Gaoseb at the launch of the fourth edition of the […]
New Bill Seeks To Make BoN Sole Regulator Of All Payment Systems
By:Justicia Shipena Finance and Public Enterprises Minister Iipumbu Shiimi on Tuesday introduced a Payment System Management Billin the National Assemblyto enhance the Bank of Namibia (BoN) payment oversight. Iipumbu noted that the bill is aimed at enhancing the powers and functions of the Bank of Namibia (BoN) to include the supervision and oversight of payment […]
About 442,000 Of The 2,5 Million Namibians Are Medically Covered
By:Nghiinomenwa-vali Erastus About 82% of the country’s estimated 2,5 million population are at the mercy of the public health system as they are not medically covered. The latest medical insurance coverage shows that only 441,777 are benefiting from medical coverage in the country, in both the public and private sectors. This means that 17% have […]
New Namibia Agronomic Board Inaugurated
By: Staff Writer Agriculture Water Land and Reform Minister, Carl Schlettwein, inaugurated the new Namibian Agronomic Board on Thursday. Chief Executive of Bokomo Namibia, Hubertus Hamm, has been named chairperson, with former chair Michael Iyambo outgoing. Marina Muller (retained), will serve as Vice-Chairperson, while the other members are Gerhard P. Engelbrecht, Peter Kawana, Salomo […]
Riding the Storm: The Power of Long-Term Investing Amidst Economic Challenges
By:Stephen Baard The average person on the street has had a difficult year as central bankers continued to battle stubbornly high inflation. This has resulted in rising interest rates with no end in sight. Equally, we have had to deal with a weak currency that has provided no relief as oil prices rose as well. […]
New Law Proposed To Deal With Failing Banks, Prevent Money Laundering
By: Justicia Shipena Finance Minister Iipumbu Shiimi has tabled a bill in the National Assembly aimed at overhauling the Banking Institutions Act of 1998 in order to give more authority to the Bank of Namibia (BoN) in resolving failing banking institutions. The bill aims to “enhance the Bank of Namibia’s powers to resolve failing banking […]
African Continental Free Trade Area (AfCFTA): A Game-Changer For Namibia’s Economy
By:Eva-Rakel Johannes Chief Executive Officer of Namibia Trade Forum Stacey Susa-Pinto has encouraged women and youth to start with their end in mind, figure out how to be key players in their domestic markets regardless of various limiting factors. She said that by doing so they would inevitably work towards continental transformation. She was speaking […]
Lobour Commissioner’s Office Misunderstood By Workers – Nujoma
By:Fransina Nghidengwa Minister: Labour, Industrial Relations & Employment CreationUtoni Nujoma says that there are misunderstandings in the way the Office of the Labour Commissioner should operate. According to the Minister, criticism of the office stems from a misconception regarding the nature of the Alternative dispute resolution (ADR) system and the role of the Conciliator and […]
NCCI Proposes Reform Of Procurement Laws In Namibia
By:Justicia Shipena The Namibia Chamber of Commerce and Industry (NCCI) has recommended that local procurement laws and regulations be improved and broadened to incorporate frameworks for local content policy. This would boost local participation in growing industries like green hydrogen and fossil fuels, according to NCCI President Bisey /Uirab. He said this would make funding […]
Building A Stronger Future Together … as the world celebrates the contributions of MSMEs to building a better future
By:Nghiinomenwa-vali Erastus Yesterday was commemorated as a Micro, Small and Medium-sized (MSMEs) Enterprises Day. On the occasion, the Manager for MSME Ecosystem Optimisation at the Namibia Investment Promotion and Development Board, Claudia Capelao, wrote an opinion piece, stating that often small businesses are touted as the backbone of the economy. One would hope that “we’d […]