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Namibia Needs 400,000 Jobs to Achieve Vision 2030 Unemployment Target
By: Justicia Shipena Namibia is faced with the challenge of creating between 370,000 and 400,000 jobs within the next seven years to meet the Vision 2030 objective of reducing unemployment. This is according to economic advisor to the President and Green Hydrogen Commissioner James Mnyupe. He revealed this during the EU-Namibia Business Forum held in […]
Northern Namibia Leads in Hospitality Occupancy Rates
By: Staff Writer Namibia’s hospitality sector witnessed a 4% month-on-month decline in occupancy rates, dropping from 69% in August 2023 to 65% in September. August had marked the highest occupancy rates since the last pre-pandemic peak of 69.9%. According to research conducted by the Hospitality Association of Namibia (HAN) and economists from High Economic Intelligence […]
Repo Rate Expected to Remain Unchanged, Experts Predict
By: Justicia Shipena The Bank of Namibia (BoN) is expected to maintain the interest rate at its current level when it announces the repo rate today, following the lead by its South African counterpart. BoN’s Monetary Policy Committee (MPC) raised the repo rate by 50 basis points to 7.75% in June this year, a move […]
Relentless Price Hikes Tightening Financial Hardships …average monthly costs for a single person in Namibia is estimated at N$8,385 (excluding rent)
By: Nghiinomenwa-vali Erastus A relentless surge in the prices of essential goods and services, both globally and domestically, has outstripped nominal wage and welfare payment increases, leading to a decline in real disposable incomes. These findings are detailed in a briefing paper titled “The Global Cost of Living Crisis From A Namibian Perspective,” published by […]
New Green Scheme Structure Proposed Following Agribusdev Dissolution
By: Nghiinomenwa-vali Erastus The Ministry of Agriculture has put forth a proposal to the Public Services Commission for the establishment of a new, permanent structure to oversee the Green Scheme Projects. It is anticipated that this proposed structure will receive approval by the end of this month. Minister of Agriculture, Water, and Land Reform (MAWLR), […]
Dundee Finds Germanium and Gallium In Its Waste …plans to harness them as critical minerals
By:Justicia Shipena DUNDEE Precious Metals has unveiled its plans to harness waste products that contain the presence of germanium and gallium as a parallel stream to their copper production in Tsumeb. Dundee Precious Metals’ President and Chief Executive Officer, David Rae, revealed the presence of critical minerals like germanium and gallium within the smelter. The […]
Auditor General Raises Concerns OverKavango East Regional Council’s Finances
By:Annakleta Haikera The Auditor General, Junias Kandjeke, has identified several concerns related to the financial records of the Kavango East Regional Council for the fiscal year ending in March 2019. In granting the regional council an adverse audit opinion, Kandjeke found that the financial reporting framework employed by the Kavango East Regional Council is not […]
No Lion Extinction Risks, Sufficient Numbers for Tourism, Ministry Asserts
By: Nghiinomenwa-vali Erastus NAMIBIAN lions are not facing the risk of extinction and their population has reached the highest level in at least half a century. This is according to aerial surveys conducted by the Ministry of Environment, Forestry, and Tourism. Lions are a vital part of the Big Five in southern Africa, drawing tourists […]
Analysts: Vehicle Moratorium Not Cause Of Government Failures
By:Justicia Shipena Political analyst Ndumba Kamwanyah said the moratorium imposed to prohibit the procurement of vehicles for government Offices, Ministries and Agencies should not be blamed for unmet promises. In recent weeks, numerous governors and regional council chairpersons have been vocal about lifting the moratorium on government fleet acquisition, claiming that it hampers their ability […]
12 Kavango East Schools Receive Hygiene Packages for Boys
By: Annakleta Haikera THE Children’s Movement Organisation and the Katutura Youth Enterprise Centre, sponsored by Recon Namibia, distributed 70 hygiene packages to boys from 12 different schools in Rundu, Kavango East on Saturday. The value of the items provided amounted to N$20,000. The recipient schools included six primary schools: Mbora Primary School, Andreas Kandjimi, Kehemu, […]