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Post-Pandemic Financial Challenges: Namibians Decreased Saving Patterns
By:Justicia Shipena Saving money is a key financial habit that leads to financial stability and security in the long run. However, current trends show that Namibians are saving less, according to Sanlam Namibia Group Chief Executive Officer Tertius Stears. Speaking at a media breakfast hosted by Sanlam Namibia, Stears said there are variances in the […]
Ex Air Nam Employees Want Govt Summoned
By: Fransina Nghidengwa Former Air Namibia employees want parliament to summon stakeholders, such as government and the liquidators, to explain the delays in paying their severance packages among other concerns. Last week Thursday, the Parliamentary Standing Committee on Human Resources and Community Development held a consultative meeting with the former employees of the defunct […]
City Building Plans Trajectory Lowest Since 2009
By:Staff writer Although Windhoek continues to see growth in building approvals, the pace at which this is developing has made 2023 the lowest for building plan approvals since 2009. The municipality approved 190 building plans in June, which is 26 more than in May. This presents a 15.9% increase from the previous month. This is […]
Daures GH2 Project Plans To Tap Into Desalination Water
By:Nghiinomenwa-vali Erastus The Daures Green Village in Erongo region, which was launched last year, will consider the use of desalinated water as it expands from the pilot phase. The Consortium that manages the Daures Green Hydrogen project, led by Enersense Energy Namibia, highlighted this in a statement released this week. The project, which is under […]
Mining Industry Database To Be Launched Next Month
By:Justicia Shipena Aimed at providing opportunities for Namibian entrepreneurs, a database on mining inputs and services will be introduced next month. This is to further promote local content in the sector. Beyond the resource earnings, local content is defined as the value that an extraction project adds to the local, regional or national economy. During […]
Crypto Assets Pseudonymity A Tax Headache
By:Nghiinomenwa-vali Erastus The bewildering speed in the development of crypto assets and their pseudonymity (near-anonymous state) has left tax systems playing catch up, including Namibia’s. According to the International Monetary Fund (IMF), crypto assets that can be used as instruments of payment have proliferated into more than 10,000 variants since the 2009 debut of Bitcoin, […]
Otjozondjupa’s Economic Strength lies in Mining Agriculture and Tourism, Says Governor
By: Fransina Nghidengwa The economic strength of the Otjozondjupa region is driven by the mining, agriculture, and tourism sectors. This was stated by the governor James Uerikua last week, during his State of Region. Uerikua says that the region positions itself as a major contributor to the local economy; noting that the six mines in […]
Namibia’s Energy Potential To Be Highlighted At African Energy Week 2023
By:Staff writer Considered one of the final frontier hydrocarbons markets in the world, Namibia has rapidly emerged as one of the hottest offshore plays following a series of high-impact discoveries. Three major oil discoveries made in less than one-year, attractive fiscal policies and market-focused regulations, and a strong partner in the national oil company (NOC) […]
Namibian Youth Call For Climate Action For A Sustainable Future
By:Justicia Shipena Namibian youth, driven by a desire for sustainability, advocated for renewable-powered baroles at the National Youth Climate Change Summit, to usher in a new era of energy consumption. Their demand for renewable-powered baroles demonstrates a deep knowledge of the critical need to shift away from fossil fuels and towards cleaner, more sustainable options. […]
Tourism Bolsters Car Sales
By:Staff writer Improvements in the tourism sector have helped the vehicle sales sector see its best performing second quarter of 2023 since the second quarter of 2017. This is after the vehicle sector saw a downward trajectory in previous months. Last month was the first monthly increase in sales this year. Previously, it was reported […]