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Namibia / Page 135
Occupancy Arrivals On A Monthly Downward Trajectory
By:Staff writer While 2023 has been fairly kinder to the tourism sector than both 2021 and 2022, occupancy rates at nationwide hospitality establishments continue on a downward trend. After reaching a high of 61.3% in August 2022, occupancy rates averaged 31.7% in February 2023, compared to 37.1% in January 2023. However, this is in line […]
New NWR Board Appointed
By;Staff writer Former diplomat and adviser to the president of the UN General Assembly, Haroldt /Urib has been appointed Board Chairperson of the Namibia Wildlife Resort (NWR). The parastatal announced the appointment by Minister of Finance and Public Enterprises Ipumbu Shiimi on Monday. The Namibia Unoversity pf Science and Technology (NUST) Marketing, Logistics and Sport […]
Telecom Namibia ReadiesTo Deploy 5G Services Using Its Fibre Network
By:Staff writer Telecom Namibia, which recently celebrated its milestone 30th anniversary says it is committed to deploy a fifth generation (5G) network in the country. The company aims to spearhead a digital transformation journey to support the country’s Vision 2030, Fourth Industrial Revolution, the fifth National Development Plan and Harambee Prosperity Plan II objectives — […]
Budget Timeline Affects Country’s Transparency Ratings – IPPR
By:Staff writer Institute for Public Policy Research’s (IPPR) Executive Director Graham Hopwood has raised concerns over the national budget timetable for Namibia. According to Hopwood, this year’s National Budget Speech, Estimates of Revenue and Expenditure, the Fiscal Strategy, and the Medium Term Expenditure Framework (MTEF) documents were available on the Ministry of Finance website on […]
About N$3 Million Worth Of Confiscated Items In The Hands Of NamRA
By:Hertha Ekandjo The Namibia Revenue Agency (NamRA) is currently in possession of approximately N$3 million worth of confiscated goods that are being kept at a warehouse in Windhoek. The goods have been confiscated through different entry points by customs. The agency says most of the time it confiscates goods, it is due to a lack […]
Electric Power Generation And Distribution Inflation Spikes
By:Justicia Shipena The annual inflation for Namibia’s electric power generation, transmission and distribution declined in the fourth quarter of 2022. This is according to the Namibia Statistics Agency (NSA) in its recently released Namibia Producer Price Index bulletin. The bulletin stated that in the same period the index for electric power generation, transmission and distribution […]
Repo Rate Hikes Help Bank To Massive Profits
By:Justicia Shipena The constant increases of the repo rate during 2022 drove Standard Bank Namibia to record a massive increase in its profit. The bank’s profit for 2022 increased by 70.5%, according to the bank’s annual report for 2022 released on Wednesday. Chairman H Maier said the profit spiked from N$366 million in 2021 to […]
Church Donates Fencing Material to Opuwo Farmers
By:Uakutura Kambaekua Farmers at Okovingava village in the Opuwo Urban constituency this week received gardening fencing material worth more than N$10 000 from the Protestant Unity Church, also known as theOruuano church. According to Bishop Wylie Vekarapo Upi, his church has been involved in addressing poverty, starvation and the provision of dwellings to the poor […]
Mediclinic Scores High
By:Staff writer The Mediclinic in Namibia has is among eight health facilities receiving four-year accreditation awards at a recent Board Meeting of Council for Health Service Accreditation in South Africa (Cohsasa). A total of eight Mediclinic hospitals, scattered throughout South Africa and Namibia, achieved the highest accolade: a four-year accreditation last week. Health facilities that […]
Solar Finance For Business
Executive of Marketing Jerome Mutumba has announced three new enterprises that used Bank finance to strengthen their enterprises with solar energy. They include a truck and tractor repair plant in Gobabis, a charcoal manufacturer, also near Gobabis, and a large retail outlet in Okahandja. Says Mutumba, although DBN is associated with photovoltaic parks, larger solar […]