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Namibia / Page 145
Africa Youth Bulge, A Demographic Dividend
By:Nghiinomenwa-vali Erastus Africa has the youngest population in the world with 22.7% of the world’s total youth population of which 454.5 million are between 15 and 34 years. This was said by Wamkele Mene, Secretary-General AfCFTA Secretariat, in his opening remarks at the First African Union Youth Town Hall Meeting on the margins of the […]
Negative Outlooks For Fish, Crop Production
By:Staff writer The outlook from Namibia’s fishing sector looks negative for 2023 mainly due to the ongoing illegal fishing by Angolan companies in Namibian waters, says Simonis Storm. It has been reported that the Namibian economy has lost billions as a result of illegal, unreported and unregulated fishing. “This has negatively impacted Namibia’s stock of […]
Cash & Carry Rundu Shuts Down, Residents Scavenge Around For Expired Food
Annakleta Haikera Mukwe constituency councillor and chairperson of the Kavango East Regional Council, Damian Maghambayi has questioned whether the leaders in his region are aware that people survive by scavenging for eating expired food. The development comes as Cash and Carry supermarket in Rundu in the Kavango East was on Wednesday shut down by the […]
Education scoops 28.9% of the national budget, with around 81% marked salaries
By:Nghiinomenwa-vali Erastus The country’s Finance Minister Iipumbu Shiimi has joined the public in demanding more from the education facilitators. Shiimi’swas made when he delivered his 2022/23 Budget Statement in Parliament on 24 February 2022. Despite the unsatisfactory performance coming from the education facilitators, he still made sure they got 28.9% of the national budget. He, […]
Angolans to Pay For Services Using Kwanza In Nam In The Future
By:Staff writer Namibian citizens will be able to shop and pay for services in Namibian dollars in Angola in the future. This measure once considered will also allow Angolan citizens to carry out commercial transactions in their currency in Namibian soil – is the result of a memorandum of understanding signed last week by the […]
Tourism Sectors Best Performer Among Other Sectors
By:Hertha Ekandjo Among other sectors, the tourism sector could arguably be one of the best-performing sectors of the Namibian economy in 2023. While business and conference tourism is still below 2019 levels, this could materially increase as certain hospitality establishments already indicate that pilot, as well as the government’s green hydrogen projects, have increased […]
Indian Govt Opposes Hindustan Zinc’s $2.98 Billion Deal For Vedanta Zinc Assets
By: Staff writer The Indian government has opposed Hindustan Zinc’s planned $2.98 billion acquisition of zinc assets from top shareholder Vedanta Ltd, amid concerns over valuations and the deal being a “related party transaction”. Vedanta’s sale of its zinc assets in Namibia and South Africa to Hindustan Zinc is critical to ensuring liquidity at parent […]
Namibia Recorded N$34 Billion In Money Wallets In 2022
By:Uakutura Kambaekua Bank of Namibia governor Johannes !Gawaxab has urged citizens to explore the constant innovation in the payment eco-system of electronic money. He stated that the country has 2.5 million active wallets with 64 million transactions with over N$34 billion in 2022. “So the e-wallet has grown exponentially,” !Gawaxab revealed, saying the figure stood […]
Geingob’s Dissussion With Ethiopian Airlines Draws Mixed Reaction
By:Justicia Shipena The former cabin crew of the now defuct Air Namibia has rejected and questioned Namibia’s discussions with Ethiopian airlines to restart a national airline for the country. This is after President Hage Geingob has met with the chief executive officer of Ethiopian Airlines to discuss avenues of cooperation in Namibia’s efforts to restart […]
Economy Can’t Absorb Returning Asylum Seekers – Expert
By:Fransina Nghidengwa The Namibian economy will be hard pressed to absorb the over 1,000 Namibian asylum seekers in the United Kingdom that will soon be deported back into the country. These were the views of International Relations analyst Marius Kudumo as around 90% of Namiban asylum seekers in the UK are set to be deported […]