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More than Half of Namibia’s Public Enterprises Report Losses, IPPR Finds
By: Justicia Shipena Over 50% of commercial public enterprises in Namibia suffered financial losses in the last fiscal year. This was revealed in a recent report published by the Institute for Public Policy Research (IPPR). The Quarterly Economic Review (QER) for the fourth quarter of 2023, authored by independent economist Robin Sherbourne, extensively […]
Namcor Opens Police Case into Alleged Fuel Theft
By: Justicia Shipena Namibia’s National Petroleum Corporation (Namcor) has opened a theft case regarding the alleged theft of fuel estimated at a value of N$1 million. Namcor revealed this in a media statement issued on Wednesday, in which the company disclosed that the alleged fuel theft took place at the National Oil Storage Facility […]
Ride-Hailing Giant Bolt to Onboard 200 Drivers in Namibia
By: Staff Writer Estonian ride-hailing behemoth, Bolt, has launched a pilot project service in Namibia, with plans to onboard over 200 drivers. The company has declared a commission-free period for the initial six months. This expansion is a strategic move as part of Bolt’s commitment to invest €500mn (N$10.2 billion) in enhancing […]
Vehicle Sales Surge in January, Marking Eight-Year High
By: Hertha Ekandjo Vehicle sales in Namibia for the month of January have soared to their highest levels in eight years, signalling a robust start to the year for the automotive industry. According to the latest Vehicle Sale Report by Simonis Storms Security (SSS), a total of 950 new vehicles were sold last […]
Omaalala FC Blessed Twice in a Month
By: Ludorf Iyambo A week following a generous donation of kits from Ondangwa Private Hospital, Omaalala FC has once again been fortunate, receiving N$ 5,739 worth of kits from Hoffmann’s Farm Implement in the Oshana region on Tuesday. Johannes Michael Tyitana, station manager at Hoffmann’s Farm Implement, explained that after establishing a […]
Rural-Urban Youth Movement Can Be Curbed with Enhanced Services
Juliana Iikela Eenhana Mayor, Omri-onn Kavandje, asserts that the migration of youth from rural to urban areas can be stemmed by improving access to education institutions closer to home. Kavandje provided insights into the efforts of the Eenhana Town Council to counteract the trend of young people leaving the economically vibrant Ohangwena Region for […]
Opinion: Understanding the Generalised System of Preferences (GSP) Beef Quota and Its Ramifications on the Namibian Beef Industry
Rosa Hamukuaja Thobias A noteworthy article in the Norwegian media published last month caught my attention as the country’s Minister of Agriculture undertook a review of African Meat quotas in their market. The Norwegian General System of Preference (GSP) scheme offers exporters from developing nations like Namibia and Botswana duty relief when exporting […]
Northern Producers Eager to Supply Cattle to Abattoirs
By: Nghiinomenwa-vali Erastus Producers situated north of the red line have demonstrated a keen interest in commercially marketing their cattle through auctions and direct sales at newly established abattoirs. This interest is reflected in the increase in cattle auctions and the volume of cattle provided by producers from 2019 to 2023 in the […]
MPC Announcement: Unchanged Repo Rates or a Shift in Strategy?
By: Justicia Shipena Economists anticipate that the Bank of Namibia may opt to keep the repo rate unchanged rather than implementing a cut or increase in response to the slowing inflation. Currently, the repo rate stands at 7.75%, a level that has remained unchanged since December 2023. Economist Mally Likukela believes the repo […]
NBL Sets Sights on 100% Renewable Energy by 2030
By: Justicia Shipena Namibia Breweries Limited (NBL) is making significant strides in enhancing its energy efficiency with the installation of over 75 energy metres. These metres enable real-time monitoring and targeted data analysis of electricity consumption, aligning with the company’s ambitious goal to achieve 100% renewable energy by 2030. The transition to renewable […]