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Namibia / Page 142
NorthSouth West Fishing Company Builds Ngwangwa Pedestrian Bridge
By:Annakleta Haikera A revamped bridge at Ngwangwa in the Kapako Constituency of Kavango West was officially inaugurated on Friday by Swapo Party Secretary General Sophia Shaningwa. The pedestrian bridge was constructed by NorthSouth West Fishing Companyat the cost of N$361,000. The donation comes after the media in December 2021 reported how over 2,000 Ngwangwa residents […]
Nam’s Jan Export And Import Bill Results In N$2.9 billion Trade Deficit
By:Justicia Shipena The Namibia Statistics Agency (NSA) Namibia’s export and import bill for January 2023 resulted in the country’s trade deficit of N$2.9 billion, with exports standing at N$7.0 billion and imports at N$10.0 billion. The NSA bulletin showed that during January 2023 exports decreased by 24.7% from its value of N$9.3 billion recorded in […]
Minister Says Number Of Fish Eaten By Seals Is Unacceptable …as environmentalist opinions affect seal product exports
By:Justicia Shipena Fisheries minister Derek Klazen has expressed concern about the number of fish consumed by seals per year in Namibia, terming it “unacceptable”. Klazen was responding to a motion by member of parliament Mike Kavekotora in the National Assembly regarding Namibian fish stocks facing depletion as a result of seals stock proliferation. According to […]
Bots Military Army Imports Contributes To Growth Of Walvis Port …as container exports and imports increase
By:Justicia Shipena The Namibian Ports Authority (Namport) has announced an increase in container exports and imports of various commodities in its February 2023 quayside bulletin. According to the abulletin, charcoal has shown a 39% increase in volume due to high demand in the European markets. Copper exports experienced a 16% increase. “This is due to […]
Public Entities Accused Of Sabotaging Local ProducersTreasury says many of the 177 public entities reluctant to procure locally
By:Nghiinomenwa-vali Erastus The Ministry of Finance has revealed that public entities that get state funds remain reluctant to plow back the money by buying from local producers. A special request for reports on the implementation of the directive by the Ministry of Health and Social Services, Ministry of Home Affairs, Immigration, Safety and Security, Ministry […]
Resources Ownership Conundrum: State-Ownership or Incentivised Local Ownership
By: Nghiinomenwa-vali Erastus The Namibian constitution states that natural resources below and above the surface of the land and in the continental shelf shall belong to the state if they are not otherwise lawfully owned. However, this has not been the case as foreign ownership dominates the mining sector, from Canadian, Chinese, and others. Moreover, […]
Namibia Imports N$1.1 Million Worth Of Jewellery In Jan
By: Justicia Shipena The Statistician General and Chief Executive Officer of the Namibia Statistics Agency (NSA), Alex Shimuafeni has revealed that Namibia imported jewellery worth N$1.1 million in January 2023. Shimuafeni made these revelations in the Namibia Trade Statistics Bulletin of the NSA for January 2023. The imported jewellery was mostly sourced from South Africa […]
Flogged Employees, Boss On 14-Day Suspension
By: Annakleta Haikera Micke Du Preez, the owner of the Rundu Filling Station in the Kavango East, has placed himself and all the employees that allegedly took part in a flogging “game” on a 14-day suspension, pending an investigation. In a letter seen by The Villager to Minister of Labour, Industrial Relations and Employment Creation, […]
Higher Interest Rates Discourage Credit Demand – Economists
By: Justicia Shipena Higher interest rates are unlikely to deter credit demand, which has been resilient since last year. This is according to a report on private sector credit extension by financial research firm Simonis Storm. However, the firm says the financial conditions of households are concerning. “Real consumption spending increased by 14% on average […]
Security Association Distances Itself From Kunene Security Tenders
By: Nguriye Katusuva The Security Association of Namibia (SAN) has distanced itself from tenders in the Kunene region. This follows after the association raised concern regarding how security tenders are awarded by the Kunene Regional Council and Namibia Post and Telecom Holdings to the successful bidders. The association’s national president, Dhiginina Uutaapama, said SAN […]