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Namibia / Page 64
Surge in Vehicle Sales Recorded in Six Years
By: Staff Writer Namibia has witnessed a remarkable surge in vehicle sales in 2023, reaching the highest figures since 2017. Between January and November, a total of 11,944 new vehicles were sold, recording an impressive performance in the sector compared to the 12,224 sold in 2017. The notable increase comes on the heels of […]
GIZ Donates N$3,5 Million Items to Boost Startups
By: Elizabeth Magongo The Ministry of Industrialisation and Trade (MIT) has received a donation of items to support startups valued at N$3.5 million from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). The items, which includes vehicles, furniture, and industrial machinery, is earmarked to support startup-related activities within the ministry. Trade Minister Lucia Ipumbu expressed gratitude […]
Madison Identifies High-grade Uranium at Khan Project
By: Staff writer Madison Metals’s Khan project in Namibia has the potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane Parnham. The project located southwest of the Rössing mine near Arandis and fast becoming a valuable asset to the Canadian-headquartered company, consists of mining licence 86A (ML86A) and exclusive prospecting licence 8905 […]
Over 8,000 Taxpayers at Risk of Missing Tax Refunds
By: Justicia Shipena Over 8,000 Namibian taxpayers face the possibility of not receiving their anticipated tax refunds due to missing bank account details in their profiles at the Namibia Revenue Agency (NamRA). NamRA recently announced its scheduled tax refund payments which will benefit 63,150 individual salaried persons and pensioners, set to begin today, 15 December […]
Namibia Continues to Struggle with Electricity Generation …Imports 63.5% in October
By: Nghiinomenwa-vali Erastus Namibia faced a significant energy challenge in October as the country only managed to generate 36.5% of its total electricity demand. As a result, the country imported the remaining 63.5% from neighbouring countries to meet demand. According to the Namibia Statistics Agency’s sectoral report for October 2023, this marks the third […]
Mining and Agriculture Propel Namibia’s Q3 Economic Growth
By: Justicia Shipena Namibia experienced substantial economic growth in the third quarter of 2023, primarily driven by the mining and agriculture sectors, according to the Namibia Statistics Agency (NSA). The GDP report for Q3 2023, released on Thursday, reveals positive momentum in the nation’s economy, with a significant expansion of 38.3% in the primary industries. […]
By: Ludorf Iyambo Endrew Sacharia (40) is a Namibian herbalist on a mission to make a positive difference in the lives of those who have lost hope. From a young age, he honed the skill of using herbs and spices for healing, a knowledge passed down from his grandparents. Today, he has transformed this traditional […]
Govt to Waive N$126 Million in Corporate Taxes for Skills Development
By: Nghiinomenwa-vali Erastus and Abigail Nalisa The government is set to waive N$126 million in corporate income tax revenue in an attempt to encourage employers to recruit more interns. This move, constituting 2% to 5% of corporate income tax (non-mining sector), is part of the newly launched Work Integrated Learning Youth Employment Tax Incentive. The […]
Govt Deploys Nearly 300 Tractors to Regions
By: Nghiinomenwa-vali Erastus The Ministry of Agriculture, Water and Land Reform has announced that it has delivered nearly 298 additional tractors, supplementing the existing fleet of 194, across various crop-producing regions. This move is aimed at addressing challenges faced by farmers across the country who are still dependent on traditional methods of ploughing such as […]
Banking Sector Assets Valued at N$174.6 Billion
By: Justicia Shipena The banking sector in Namibia witnessed a 1,5% increase in total assets value, reaching a staggering N$174,6 billion in the third quarter of 2023. This growth was primarily attributed to rises in cash and bank balances, short-term negotiable securities, and net loans and advances, according to the Bank of Namibia’s Macroprudential Oversight […]