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Repo Rate Increases Help Capricorn Rise To Pre-Pandemic Pofits
By:Staff writer Capricorn Group’s profit after tax has increased by 28.7% to N$1.47 billion for the year ended 30 June 2023 , the Group has announced. According to the Group Chief Executive Officer, Thinus Prinsloo, this is due to improved net interest margins, reduced credit impairment losses, strong growth in non-interest income and efficient operations. […]
Namibia: Uranium Rich,But Energy Poor …Towards energy security
By:Kuiri F Tjipangandjara (D Sci Eng) Indeed, the future looks bright for the Namibian uranium industry. The world has big hunger and thirst for uranium. What is encouraging is the fact that both the uranium prices (spot ad contract) are on the increase. Whilst meeting the global demand for uranium, Namibia can explore the windfall […]
Angola Oil & Gas 2023 Explores The Strategic Imperative Of Local Content
By:Staff writer Local content represents one of the primary drivers of economic development in any oil-rich nation. For Angola, the Government has made great strides towards moving from the promotion of local content to the implementation of tangible policies. During the Angola Oil & Gas (AOG) 2023 conference in Luanda last week, organised by Energy […]
Namibia, EdoState Explore Investment Opportunities
By: Staff writer The Governor of Edo State in the South-South of the federal republic of Nigeria,Godwin Obaseki has called for increased collaboration between his state and the Namibian Government. This, he said is to drive economic growth and reap other economic benefits that lie in increased bilateral trade relations between the national and sub-national […]
Kavango East Recognises Smallholder Farmers
By:Annakleta Haikera The 2023 National Agronomic and Horticulture Awards (Naha) ceremony was held at the Mashare BlueberriesGreen Schemein the Kavango East region on Thursday. The event, which attracted agronomy and horticulture producers, traders, input suppliers and other key stakeholders, was organised to honour excelling farmers. Kavango East Governor Bonifatius Wakudumo said the region is home […]
Over 3,000 Unemployed, Qualified Teachers In Kavango Regions
By:Annakleta Haikera A group of unemployed teachers from the Kavango West and East claimed there are about 3,410 unemployed, qualified teachers in the two their two regions. The want government to recruit more teachers to fill staffing gaps and promote quality education in the two regions. The jobless teachers on Fridaydemanded that the Ministry of […]
Rising Oil Prices: A Looming Threat to Namibia’s Inflation
By:Justicia Shipena The rise in oil prices may result in higher transportation costs, which might contribute to growing inflation in Namibia. This is according to economists at Simonis Storm Securities. Inflation rates demonstrated a persistent rate below the 5% threshold for the second consecutive month. This was a little improvement above the previous month’s rate […]
Construction Contracting In Windhoek and Swakopmund
By:Staff writer The construction sector is contracting in Windhoek and Swakopmund after approvals fell by 8.0% month on month (m/m) in August. This is a 15.7% year-on-year (y/y) decrease from August 2022. For the year so far, there has been 20.6% less projects approved compared to the same period last year and 3.6% less than […]
NSA Budgets N$250 Million For Census Enumerators
By:EnumeratorsBrandon Shilongo The Namibia Statistics Agency (NSA) will payN$250 million inallowances to its ad hoc staff who will be involved in the conduct of the 2023 Population and Housing Census. The governmentallocatedN$706 million for the national exercise. This was revealed by NSA’s Statistician General and CEO Alex Shimuafeni at the launch of the 2023 Population […]
Vocational Trainees Assembling Agri Tractor Components …Eenhana VTC trainees to lead assembling
By:Nghiinomenwa-vali Erastus Under the Namibia Agricultural Mechanisation and Seed Improvement Project (NAMSIP), 350 tractors’ components are being procured at the cost of N$300 millionto assemble tractors locally. This was announced by the Minister of Agriculture, Water and Land Reform Deputy Minister Anna Shiweda during a visit to theOshana, Oshikoto, Ohangwena and Omusati regionslast week. The […]