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Angels HostQuarterly Pitch For Startup Funding
By:Nghiinomenwa-vali Erastus The Namibia Business Angel Network (NABAN) held its quarterly pitch event, bringing together a diverse group of entrepreneurs, investors and industry experts to support and nurture the startup ecosystem in Namibia. NABAN, a group comprising individuals from various professional backgrounds and industries, aims to stimulate economic growth by connecting investors with promising startups. […]
Staff writer The value of building plans approved by the City of Windhoek between April and May this year decreased by 30.4%, analysis from IJG Namibiahas shown. While there was a 25.2% increase in the total amount of buildings approved in the capital, month-on-month, from 131 in April to 164 in May, the value dropped […]
Private Sector Credit Extension Shows Steady Expansion In May 2023
By:Justicia Shipena Private sector credit extension saw a moderate increase in May 2023. This is in accordance with the most recent private sector credit extension report released by financial research firm Simonis Stormon Tuesday . This comes as financial conditions are tightening following the 400 bps cumulative repo rate hikes between December 2021 and June […]
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, […]