Search in the website:
Archives / Page 97
Uis’ Pilot Plant Yields 10t Lithium Concentrate
By: Staff writer Andrada’s Uis lithium pilot plant has yielded production of 10t of on-specification saleable lithium concentrate. The commissioning of London-listed technology metals mining company Andrada’s pilot plant, located adjacent to the main tin processing plant at its Uis mine, in Namibia, was completed in October. The production rate is expected to increase to […]
Namibia’s White Maize Production Still Dependent on Rainfall
By: Nghiinomenwa-vali Erastus Namibia continues to grapple with its vulnerability to rainfall for food production, as revealed by the latest agricultural data. In 2022, the carst recorded the highest white maize production at 29,842 tons, with a significant 46% relying on rainfed methods. This underscores the country’s ongoing challenge to de-risk itself from rainfall dependence […]
No Namibian Beef in USA Markets Since 2020
By: Nghiinomenwa-vali Erastus Namibia’s beef exports to the United States came to a halt in July 2020 after a brief resurgence that saw 550,576 kilograms of beef crossing the Atlantic Ocean over seven months. The Villager’s analysis has uncovered the reasons behind this abrupt cessation. Namibia had gained access to the US market after persistent […]
Northern Water Crisis: Economic Dreams Shattered
By: Loise Shiimi The ongoing scarcity of potable water in northern and north-eastern Namibia continues to cast a shadow over the region, not only causing hardships but also hampering economic aspirations. The situation is especially dire in the Oshikoto region, particularly in the Eengodi, Okankolo, and King Nehale lya Mpingana constituencies, where residents endure prolonged […]
Govt To Borrow N$3.2 Billion in Five Months
By: Nghiinomenwa-vali Erastus The government plans to borrow N$3.2 billion from institutional and individual investors between October 2023 and March 31, 2024, to address a widened budget deficit and fulfil outstanding obligations. The borrowing will occur domestically through bonds and treasury bills auctions facilitated by the central bank, as outlined in the updated 2023/24 Borrowing […]
Short-Term Employment Permits Now Available at Various Border Posts
By: Nghiinomenwa-vali Erastus Various points of entry into Namibia have received authorisation to start issuing Short-Term Employment Permit endorsements without sending travellers to the headquarters in Windhoek. This was revealed by the Ministry of Labour, Industrial Relation, and Employment Creation in its quarterly report from June to September 2023. Effective June 2, 2023, selected border […]
Either We Innovate Like Thieves Or Continue Being Bullied
By: Kandjengo kaMkwaanyoka Observing the descent of the Hercules Oil Rig into our waters to assess offshore wells triggers a cascade of thoughts within me. In this context, I would like to discuss how criminals and fraudsters have elevated their tactics to sustain their illicit economic activities more affectively at the expense of the entire […]
Youth Told to Prioritise Financial Literacy
By: Nghiinomenwa-vali Erastus As the economic landscape undergoes transformative changes locally, regionally, and continentally, the understanding of financial matters, encompassing risk, investment, allocation, and hedging, is becoming increasingly intricate. Amid these changes, Joachim van Schalkwyk, the Broker Distribution Manager at Old Mutual Namibia, said it is imperative to equip the upcoming generation with knowledge to […]
Plan Your Bonus To Last The Long Run
By: Samuel Linyondi In October, the Bank of Namibia (BoN) left the repo unchanged at 7.75%, the highest in the past 14 years. If a repo rate increases, borrowing becomes more expensive, and product and service prices increase for consumers. The repo rate is one of the monetary tools to either control inflation or stimulate […]
Plan in Motion to Address Namcor Governance Issues
By: Nghinomenwa-vali Erastus Namcor’s board of directors and management has admitted that the company’s weak risk management and governance loopholes were to blame for its inability to pay creditors. Acting Managing Director Shiwana Ndeunyema and Board Chairperson Jennifer Comalie briefed the media on the company’s recent challenges yesterday. At that event, the two promised that […]