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Namibia / Page 109
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 […]
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 […]