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Namibia / Page 137
PM Says Access To Financing Crucial For A Thriving Economy
By:Mauricia Koopman Prime Minister Saara Kuugongelwa-Amadhila says for the economy to thrive and optimise its contribution to job creation, financing is crucial. Kuugongelwa-Amadhila was speaking at the Standard Bank African Central Bank conference which recently concluded in Johannesburg, South Africa. She stated that the limited access to financial products and services is a key constraint […]
Social Grants To Cost Govt N$850 Million
By:Daniel Ndumba Minister of Finance Iipumbu Shiimi says all the increases in grants recently announced by government will cost N$850 million. The Food Bank grant, which was recently converted to a cash grant, has gone up from N$500 to N$600, the disability grant for under-18s took the biggest leap, from a monthly N$250 to N$1,300, […]
Energy Import Can Be Slashed If Households Switch To Thermal Solar …as half of private households electricity consumption go to hot water
By:Nghiinomenwa-vali Erastus According to the Namibia Energy Institute (NEI), if the country’s private households switch to solar-powered heaters or thermal solar panels, the country can reduce its 65% energy import dependence. This is because 80% of the country’s energy is distributed to private households and about half of it is for hot water preparation (40% […]
Young MPs Say Numbers Of Announced Recruitments Won’t Solve The Unemployment Crisis …claims Geingob only cares about oil deals and foreign direct investments
By:Justicia Shipena Young members of parliament have expressed their disappointment in President Hage Geingob’s reaction on the youth unemployment matter. While some have labelled it as “not brave”, others have expressed that the number of recruitments for the Namibian Police or Defence Forces will not solve the issue. Geingob, during his State of the Nation […]
Declaring State Of Emergency On Youth Unemployment Gives Geingob Headache
By: Justicia Shipena President Hage Geingob says he is worried about declaring a state of emergency on youth unemployment in the country. Geingob raised this concern during his State of the Nation Address (SONA) in a crowded National Assembly on Thursday. The SONA returned with another dramatic scene as LPM members refused to be body […]
Govt/Taxpayers In The Dark On The Performance Of Many SOEs
By: Nghiinomenwa-vali Erastus Many public enterprises (PEs) are failing to prepare and submit annual reports to the Ministry of Finance and Public Enterprises and portfolio ministries as per prescribed time frames. In 2021, 33 PEs did not submit their annual reports, while the figure in 2022 stood at 40, according to the Ministry of Finance and Public […]
Cabinet Approves Food Bank To Cash Grants
By: Fransina Nghidengwa Cabinet has officially approved and supports the transition of the Food Bank Programme to a conditional Basic Income Grant Cash transfer of N$600 per household per month for the existing 8,339 food bank beneficiaries. The Basic Income Grant Coalition’s Rinaani Musutua says they appreciate the fact that the government has heard their […]
City Sees N$1.56 Billion Building Approvals
By: Staff writer In the last twelve months, 2,318 buildings worth N$1.56 billion were approved by the City of Windhoek. This represents a contraction of 7.4% in number- and 21.8% in value terms over the comparative 12-month period a year ago. This comes as a total of N$72.7 million worth of buildings (167 building […]
Food, Non-alcoholic Drinks Drive Up Inflation
By: Staff writer Food and non-alcoholic beverages were the two main contributors to Namibia’s annual inflation rate for February 2023, increasing to 7.2% compared to the 4.5% recorded in February 2022. Researchers at High Economic Intelligence (HEI) argue that the increase in the food and non-alcoholic beverages component was mainly driven by an increase in […]
“Moving To Digital World” – Online Application To Embrace Technology
By: Fransina Nghidengwa The Minister of Home Affairs, Immigration, Safety and Security Albert Kawana launched the online application for passports and Short-term Employment Permits (work visas) under the theme ‘Moving to Digital World,’ in Windhoek on Wednesday. . Kawana said the launch of the online application is to embrace technology as a catalyst and enabler […]