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Limited Education’s Impact On Namibian Job Market
By:Lavinia Shawapala Many rural Namibians do not have access to education or training, making it difficult for them to get formal jobs or establish formal businesses. United Nations Resident Coordinator Hopolang Phororo said this during a multi-stakeholder workshop titled,”Setting the Stage for a Namibian Diagnostic of Informality in Namibia.” The two-day workshop, co-hosted by the […]
Repo Rate Pushes Car Buyers To Buy Cash
By:Staff writer The repo rate has forced those purchasing vehicles to do so via cash transactions rather than on credit,a recent analysis has revealed. In August this year, the Bank of Namibia’s Monetary Policy Committee (MPC) opted to keep the repo rate unchanged at 7.75%, with the prime rate staying at 11.5%. However, the MPC […]
Nam Needs 300 Network Towers In Five Years
By:Nghiinomenwa-vali Erastus The country’s telecommunication infrastructure company PowerCom has indicated that the country needs about 300 network towers in the next three to five years, with 30 new required in Windhoek alone. PowerCom revealed this during the inauguration of a N$965,815 network tower in Goreangab Dam early this week. The Board Chairperson of Powercom, Eldorette […]
Central Bank Reprimands Commercial Banks Over Profit Shifting
By:Shipena The Bank of Namibia (BoN) has issued a stern warning to commercial banks over profit shifting. “Banks were informed that the Bank of Namibia will not entertain profit shifting and transfer pricing practices, which are done via service level agreements with the parent institution,” said central bank Governor Johanness !Gaxawab. He said this at […]
BRICS+ to Serve as a Catalyst for Namibian Economic Development
Josef Kefas Sheehama Namibia should close working relationships between these nations and the academia to articulate ways of ensuring that Namibia is enlisted into the BRICS bloc of nations as soon as possible. It is beyond any doubt that the introduction of the BRICS implied a very important step forward in the long process towards […]
The NSA, ECN Sign MoU
By:Josefina Lukas The Namibia Statistics Agency (NSA) and the Electoral Commission of Namibia (ECN) yesterday signed a memorandum of understanding (MoU) outlining areas of mutual cooperation between the two parties. NSA’s Statistician General and CEO, Alex Shimuafeni said census data gives a comprehensive snapshot of the country’s population, which is vital for informed policy decisions, […]
1,200 Learners In Informal Settlements Get Solar Lamps
By: Nghiinomenwa-vali Erastus The Capricorn Foundation has donated 1,200 portable solar lamps to 10 schools in informal settlements in various regions of the country. With the country’s electrification still below 50% and worse in rural areas, having access to electricity and lamps to study at night is a luxury for many learners. Recent surveys conducted […]
Japan’s N$2 Million To Benefit Kavango West Farmers
By:AnnakletaHaikera A Japan-funded joint monitoring mission has set asideN$2 million to aid agricultural organisations in the Kavango West regionto benefit all local farmers. This follows a visit to four projects by the Japanese Embassy this week. The main reason for the visit was to see what farmers are doing on the ground and determine support […]
Inflation Hits The Kitchen: Vegetable Prices Climb 16.9% in August
By:Justicia Shipena Namibians had to spend more money on veggies in August since prices rose by 16.9%, according to the Namibia Consumer Price Index data published by the Namibia Statistics Agency (NSA). The country’s annual inflation rate for August was 4.7%, down from 7.3% in August 2022. According to NSA Statistician-General & CEO Alex Shimuafeni, […]
City Working On Proposal To Write Off Pensioner Debt And Interest …the Local Authority Act is the barrier
By:Nghiinomenwa-vali Erastus and Lavinia Shawapala The City of Windhoek is currently working on a proposal to write off debts of pensioners and interest for all residents. The City is, however, busy with audits in line with its approval processes, which they hope to conclude by the end of October 2023. This was revealed by the […]