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Namibia / Page 124
Poultry Big Players Allegedly Starving MSMEs With Certain Stock
By:Nghiinomenwa-vali Erastus An assessment will be carried out by the country’s competition watchdog to confirm if the Namib Mills and Namibia Poultry Industry(NPI) are truly refusing to supply Micro, Small, and Medium-sized Enterprises (MSMEs)with certain products, it was announced last week. The Namibia Competition Commission reported it received information alleging that Namib Mills and NPI […]
Diesel Price Decrease May Help Food Prices
By:Hertha Ekandjo First Capital Namibia CEO and economist Martin Mwinga says that a reduction in diesel price will have a beneficial impact on general prices, such as food prices. This comes after the Mines and Energy Ministry announced on Friday that petrol prices will remain unchanged while the prices of both diesel products will decrease […]
Fish Landings Decline Dominated 2022 …as Nam masbanger import shoot up
By:Nghiinomenwa-vali Erastus Fish catches that reach the Namibian shores for further processing and distributions have been declining for the whole of 2022. According to the latest Agricultural Bulletin released by the Namibia Statistics Agency (NSA) for the last quarter of 2022, fish landing has declined for three consecutive quarters, from Q1 to Q4 in 2022. […]
Rural Areas Dominate In Business Establishment
By:Nghiinomenwa-vali Erastus Of all the business establishments existing in the country, 56% were found in rural areas. This is according to the Census Mapping Report done between 2019-2021 by the Namibia Statistics Agency (NSA). The findings come at the time when more people are flocking to the cities for green pastures to seek employment as […]
Understanding the Context of Pensions in Namibia in 2023 – Part 2
By:Carmen Forster Minimum Contributions Even if a retirement fund member diligently preserves his/her retirement savings benefit, he/she will not be able to save enough to achieve a reasonable level of post-retirement income (around 75% of their pre-retirement salary) if the net contribution towards their retirement savings is less than 15% of their salary. Some countries, […]
Women Train On Business Ownership
By:Annakleta Haikera Fifty women entrepreneurs from all 14 regions in Namibia were trained on business skills ans knowledge this week through the Business and Intellectual Property Authority (BIPA). The initiative, according to BIPA Chief Executive Officer Vivienne Katjiuongua, is to give women skills and knowledge and technical know- how they need to utilise intellectual property […]
Agricultural Sector Continues To Perform Poorly … but the livestock sector recorded a positive growth
By:Justicia Shipena Despite all industry subsectors’ outputs increasing in 2022, the agricultural sector continues to perform poorly, according to Simonis Storm’s Agricultural monthly report for March. The agriculture industry saw an overall growth of 2.6% in 2022, with animal farming increasing by 1.2% y/y, fisheries increasing by 2.3%, and crop farming increasing by 4.3%. “The […]
Continued Inflation Puts Pressure On Households …may increase financial stability risk
By:Justicia Shipena Inflationary pressures continue to mount on households, potentially affecting their ability to service debts. This is according to the Bank of Namibia’s (BoN) and Namibia Financial Institutions Supervisory Authority’s (Namfisa) latest financial stability report. The report emphasises unique risks posed by the macroeconomic climate, domestic household and business debt, the banking sector, Non-Banking […]
Union Doubts Chamber’s Employment Figures
By:Mauricia Koopman The Mine Workers Union of Namibia (MUN) has expressed scepticism at the employment figures on the sector released by the Chamber of Mines. The Chamber, this week, released its annual report in which it indicated that total direct employment increased by 6.9% in 2022, of which 8,391 were permanent employees, 742 temporary employees […]
Banking Institutions Act Not Clear Over BON Powers Over Banking Charges
By:Justicia Shipena The Bank of Namibia (BoN) says the Banking Institutions Act lacks a clear directive authorising the central bank to control fees and charges imposed by the banks. This was disclosed in an interview with The Villager by Kazembire Zemburuka, the Director of Strategic Communications and International Relations at BoN when asked about fees […]