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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 […]
Hike Fuel Levy Not Solution, Tollgate Not Economically Viable, RFA Find Alternative
By:Josef Kefas Sheehama The fuel levies are unfortunately intended to target motorists’ pockets, but in most cases, the poor are affected the most. OPEC is considering an oil cut of about 1.15m barrels. As such, Namibians see themselves being caught between the devil and the deep sea. The introduction of tollgates is not economically viable. […]
Understanding the Context of Pensions in Namibia in 2023
By:Staff Writer (Part 1) Carmen Forster Part 2 Earlier this year, I wrote an article that highlighted how retirement benefits are provided for in Namibia under Pillar 0 of the World Bank Model for Pension Provision. In this article, we will consider Pillar 2. Pillar 2: Occupational retirement funds have been part of the Namibian […]
Old Mutual Injects N$300k Into National Internship Programme
By:Justicia Shipena Telecommunication giant MTC has received an additional N$300,000 from Old Mutual Namibia for its Namibia National Internship Programme (NNIP). Old Mutual’s sponsorship for the internship programme comes after Standard Bank Namibia contributed N$200,000 to the programme in January this year. During the handover ceremony, MTC Chief Human Capital and Corporate Affairs Officer Tim […]
Swapo, PDM Exposes Each Other Over “Baffling” Past Land Dealings at Opuwo
By:Uakutura Kambaekua The previously dubious land dealing in the town of Opuwo are, according to Swapo’s regional leadership, due to the town’s former leadership under the stewardship of both the Popular Democratic Movement (PDM) and the ruling Swapo party councilors. Both Swapo and former PDM town council leaders, in separate interviews with The Villager,refused to […]
N$8,3 billion worth of agri commodities produced in 4Q2022
By:Nghiinomenwa-vali Erastus By the last quarter of 2022, Namibia agricultural entrepreneurs (livestock and crops) have produced goods worth N$8,3 billion. Agricultura has increased by almost two billion (N$1,94 billion)compared to 2 years ago. This is according to the Namibia Agricultural Union (NAU) Fourth Quarter Agri-Review – 2022 released last month. NAU researcher, Beata Xulu on […]
DBN Second Recovery Scheme Welcomed
By:Justicia Shipena The Economic Association of Namibia has welcomed the launch of the Development Bank of Namibia’s (DBN) second recovery scheme. DBN stated on Monday that it would be taking part in the Bank of Namibia’s (BoN) SME Economic Recovery Loans programme. According to DBN, participation increases the number of schemes offered by DBN from […]
Namibia SMEs Need Development Before Thinking About Africa
By:Fransina Nghidengwa, Hertha Ekandjo Dinapama’s Managing Director David Namalenga says that Namibian SMEs first need to be developed locally in order for them to be ready for the African market. This comes as Trade Minister Lucia Ipumbu, during the General Assembly of the World Trade Centers Association in Accra Ghana, announced that Namibia has various […]