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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 […]
Namibia Records Trade Surplus with Africa Twice in 2023
By: Nghiinomenwa-vali Erastus Fearing becoming a dumping site once the economically hyped continental free trade area starts, Namibia has demonstrated its trade prowess in the past seven months of trade statistics analysed by The Villager this year. According to the Namibia Statistics Agency, Namibia has, in the past seven months, exported more to Africa than […]
ECB Foresees Looming Crisis Over Pre-paid Meter Roll-Over
By: Staff Writer The Electricity Control Board of Namibia (ECB) has raised concerns about the low rollover rate of prepaid metres following the launch of its Token Identifier (TID). With a looming deadline less than a year away from the hard TID cut-off date of 24 November 2024, ECB boss Robert Kahimise revealed that over […]
Geingob Calls for Financial Discipline in the Military
By: Justicia Shipena President Hage Geingob has called upon the Namibian Defence Force to exercise financial prudence by prioritising operations and projects within the constraints of its allocated budget. He emphasised the importance of achieving more with fewer resources and working intelligently within the military’s limitations. This was necessary, Geingob said while arguing that even […]
Africa’s Renewable Energy Capacity Expected to Reach 290 GW by 2035
By: Nghiinomenwa-vali Erastus Africa’s renewable capacity is predicted to reach a modest 24 GW by 2023, primarily propelled by onshore wind and solar capacity. However, a substantial increase is anticipated around 2026, with onshore wind, solar, and hydrogen capacity leading to a 55% Year-on-Year surge over 2025. This is according to the African Energy Chamber’s […]
Chevron Donates N$6.6 Million Towards Food Security and Drought Relief Projects
By: Hertha Ekandjo Multinational energy corporation Chevron has donated N$5.6 million to projects supporting food security in Namibia, along with an additional N$1 million for emergency drought relief targeting vulnerable women and children. Chevron’s donation will be handled through the United States Agency for International Development (USAID) after the company signed a cooperation agreement with […]
206 Kunene Police Officers Elevated to Higher Ranks
By: Uakutura Kambaekua Over 200 Namibian Police Force personnel in the Kunene Region were promoted to higher positions, in an effort to boost morale and promote work ethics in the Police Force. At the ceremony held last week, NamPol’s Kuenene regional commander, James Nderura, said those promoted were recognised for their unwavering commitment, allegiance, and […]
Plastic Bricks Building Ignites Employment Optimism In Rundu
By: Annakleta Haikera The Kavango East region witnessed the unveiling of Namibia’s first-ever structure built entirely with bricks made from plastic, igniting optimism for employment and entrepreneurship in the area. Wapa-nawa, a recycling centre, designed and constructed the building, providing jobs for over 50 plastic packers who collect plastic and four permanent brickmakers on-site. The […]