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Namibian Construction Pipeline Decreases
By:Laban Rasalus Namibia’s construction industry has been looking bleak as it decreased in recent months. Despite the building plan data from both Windhoek and Swakopmund showing a slight growth on monthly basis in those plans that were approved during February this year, the analysts at Simonis Storm Securities say there has been a decrease by […]
Six of 20 Commercial SOE Declared Dividends In 2 Years
By:Nghiinomenwa-vali Erastus Only five commercial public entities plus Namdeb have declared dividends to their main shareholder, the government, in the past two years, according to the Ministry of Finance and Public Enterprises. These are Namibre, NASRIA, Bank of Namibia, Namdia and Namibia Post and Telecom Holding (NPTH), the parent company of Telecom Namibia, MTC and […]
To What Extent Should We Allow Mining To Touch Other Sectors?
By:Nghiinomenwa-vali Erastus Various communities in Erongo and Kavango regions have questioned the mining activities in their areas and its impact on their future livelihoods. The latest is the Daures community in the Erongo region that petitioned the Ministry of Mines and Energy regarding potential illegal mining activities in their constituency from certain mining licence holders. […]
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 […]