FirstRand Namibia Economist, Ruusa Nandago says the expected Southern African Customs Union (SACU) revenues are a welcome relief to the fiscus as they provides an upside to government revenue which is expected to increase by 16.5% from N$64.1bn in FY22/23 to N$74.7bn in FY23/24. In the 2023/24 National Budget tabledContinue Reading
Government has set its sights on potential dividends of at least N$2.5 billion from its high performing entities – cash cows – as it looks forward to positive revenue to fund the 2023-2024 national budget which was tabled last week and is in excess of N$84 billion, Business Express understands.Continue Reading
The Namibian uranium sector is not only recovering from a global slump but is also, in fact, growing, owing to uranium prices improving amid positive supply and demand fundamentals, says Namibian Uranium Institute (NUI) executive director Dr Gabi Schneider. “Besides a few ebbs and flows over the past decade, theContinue Reading
Capricorn Group Limited created value of N$2.15 billion during the six months ended 31 December 2022, which was shared by its main stakeholders including employees, government, ordinary shareholders and suppliers among others. The Group last week expressed that it had achieved solid results with profit after tax for the sixContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) has notified that since Friday, 17 February 2023, it commenced with the auctioning process for radio frequency spectrum bands 694-790 MHz and 790-862 MHz allocated to International Mobile Telecommunications (IMT) services on a primary basis. These spectrum bands are commonly referred to asContinue Reading
Following renewed efforts to strengthen bilateral relations, the Bank of Namibia (BoN) and Banco Nacional de Angola (BNA) signed a Memorandum of Agreement to formalize technical collaboration and partnership between the two institutions. The Agreement has been hailed by the Governor of the Bank of Namibia, Johannes !Gawaxab, and hisContinue Reading
…as 75% environmental clearance certificates are issued A total of 1600 applications for environmental clearances were received in 2022, and over 75% environmental clearance certificates were issued, especially for activities related to hazardous substances, infrastructure development, land rezoning and mining, minister of environment, forestry and tourism Pohamba Shifeta has said.Continue Reading
Government’s aim to reduce greenhouse gas emission by 91% by 2030 will cost around N$112.3 billion of which N$65.2 billion is for mitigation measures and N$47.1 billion is for adaptation targets, minister of environment, forestry and tourism Pohamba Shifeta has said. In terms of limiting greenhouse gas emissions, government hasContinue Reading
A new and emerging Namibian airline, Fly Etosha Airways is set to start flying around mid-year, its founder and Accountable Manager, William Ekandjo said exclusively told Business Express. In an interview, Ekandjo expressed that the aviation industry requires certain processes to be done and regulation met before an airline takesContinue Reading
Once enacted, an anticipated new business sector law will seek to foster transparency and a culture of sound corporate governance while further allowing for the use and application of new technologies to ease transactions and enhance the ease of foreign direct investment for economic growth. This was revealed last weekContinue Reading
