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Expensive Money And Risk-Aversion Casting Shadows On The Recovery
By:Nghiinomenwa-vali Erastus Analysts are worried that the cost of money and banks becoming too shy to lend will affect the Namibia’s economic recovery. To date, the Bank of Namibia has increased the benchmark rate by around 300 basis points as a result pushing up the cost of money in the economy (prime interest) to 10.50%. […]
Namibia Tops In Retirement Savings In Africa
By:Nghiinomenwa-vali Erastus Namibians are some of the Africans that will retire comfortably, provided they donot tempt with their retirement savings, as the country is rated high in retirement savings. Namibia has the highest pension assets to GDP ratio in Africa, according to the latest report by RisCura Bright Africa. Bright Africa is RisCura’s research resource […]
Labour Supply For Green Hydrogen Too Unrealistic, Says Experts
By:Dwight Links Labour experts have warned that the 600 000 jobs envisioned for the U$10 billion green hydrogen project by 2040could be unrealistic given the lack of skills in this particular industry in Namibia. This focus follows the visit by Germany’s vice chancellor and minister of economic affairs and climate action, Robert Habeck on the […]
Gustavo Bail Would Have Set Bad Precedent If Unchallenged – PG
By:Justicia Shipena and Hertha Ekandjo Prosecutor general Martha Imalwa says that if her office did not challenge fishrot accused Ricardo Gustavo’s granting of bail, particularly on the issues of the GPS devices, it would have set a bad precedent. Gustavo returned to custody on Friday after the Supreme Court revoked the High Court’s decision to […]
NCAA Renews over 500 Airworthiness Certificates
By:Justicia Shipena The Namibia Civil Aviation Safety Authority (NCAA) has successfully renewed a total of 545 certificates of airworthiness during the 2021/22 financial year, its latest annual report states. The certificates were issued after the authority has determined the applicants’ conformance to applicable airworthiness and serviceability requirements. All in all, 580 applications were received by […]
Was Saara Deliberately Sabotaged At Swapo Congress?
By:Megameno Shinana The dramatic comeback of prime minister Saara Kuugongelwa-Amadhila, Khomas regional governor, Laura Veendapi McLeod-Katjiruaand others in the second round of vote verification and certification after allegations of ballot tampering has seriously cast doubt on the party’s inside processes, especially on vote counting. The fact that it has taken longer than the scheduled period […]
NEFF blames Nam’s Institutional Weakness In Phala Phala Scandal …as Ramaphosa comes under fire
By:Staff writer As South African president Cyril Ramaphosa feels the heat on the Phala Phala scandal, politicians in Namibia want the same pressure exerted on president Hage Geingob but have blamed the inaction on the lack of domestic institutional weakness. The fate of Ramaphosa seemed to hang in the balance last week after a report […]
N$71 Million For Etosha National Park roads Rehabilitation
By:Hertha Ekandjo The environment and tourism ministry will spend N$71 million on the rehabilitation of roads in the Etosha National Park. In response to allegations that the park is in disarray with roads and other facilities in terrible conditions, the ministry said that the roads in the park are in good condition, with the majority […]
Fuel Consumers Safe For December …as Russian oil sanctions set to kick in
By:Justicia Shipena Mines and energy ministry’s petroleum economist Abednego Ekandjo says that at least for December fuel consumers are safe. The mines and energy ministry on Friday announced that diesel prices will decrease by 125 cents per litre and petrol prices will remain unchanged. This is set to be effective as of 7 December 2022. […]
Mines Ministry Yet To Confirm Xinfeng Has Stopped Exports After Deadline Day
By;Hertha Ekandjo The mines and energy ministry has yet to visit the operations of Chinese mining company Xinfeng to ascertain whether it has stopped shipping tonnes of lithium ore to China. Last month the ministry said it had granted Xinfeng permission to transport crushed lithium ore from its mine to the port of Walvis Bay […]