Government’s prosaic resolve to revive the ailing Namibian economy will be spearheaded by supportive supply-side policies, public enterprise reform, identifying strategies for unlocking e-commerce and the possibility of using low-cost renewable energy from the envisaged hydrogen industry with a cocktail of ideas that seek to reposition Namibia on a growthContinue Reading
According to the most recent Namibian Budget for the fiscal year 2023/2024, the government’s expenditure on vehicle purchases is set to increase significantly from a spend of N$55 million to a spend of N$210 million this financial year. This represents a 282% increase in expenditure on vehicles. “The large growthContinue Reading
The successful Namibia Institute of Corporate Governance (NICG) Conference and AGM held last week has advanced the good corporate governance agenda with key discussions primed at not only shifting mindsets but entrenching ethical and best practices. Held under the theme: Mind shift: real contextualised sustainability for Namibia (Contextualising SDGs, ESGs,Continue Reading
Namibia Breweries Limited’s (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group financial results for the year ended December 2022 show that the company recorded profit after tax (from continuing operations) of N$286 million, up by 10.7% while net revenue is up 21.3% to N$1.8 billion. Essentially, NBLContinue Reading
…as demand for weaners in South Africa lowers Live Cattle Exports declined by 1 503 heads from the January level of 9 840 to 8337 heads in February, the Meat Board of Namibia has said in its monthly market watch bulletin. On the other hand, export abattoir slaughter increased byContinue Reading
Sanlam has announced the handover of bursaries and the launch of the 2023 Sanlam Internship Programme first intake, which will provide 15 outstanding students with the opportunity to launch their careers in the financial services industry and help them complete their work-integrated learning requirements. “We all know that education playsContinue Reading
Ashburton Investments Managers recently held a successful two-day Investment Summit that explored opportunities for investors in the current local and global economic landscape. The Summit that took place on 14 and 15 March at Hilton Hotel in Windhoek and Strand Hotel in Swakopmund respectively saw presentations from key experts whoContinue Reading
The Bank of Namibia (the Bank) has announced the launch of Namibia’s firstever Automated Regulatory Reporting System, available to regulated and supervised entities licensed by the Bank to conduct banking, currency exchange, and payment service provision activities from 01 February 2023. The acquisition of the system comes at a timeContinue Reading
In February 2023, the annual inflation rate increased by 7.2 percent compared to 4.5 percent recorded in February 2022, Namibia Statistics Agency (NSA) has said. On a monthly basis, the inflation rate increased by 0.4 percent compared to 1.1 percent recorded a month earlier. “The main contributors to the annualContinue Reading
Government has cast its net on the benefits it intends to derive from the hugely anticipated green hydrogen endeavour, with a draft local content policy having been finalised amid stakeholder engagements to frame a Synthetic Fuels Act. This was last week revealed by Carlo McLeod, Deputy Director, Compliance, Regulations andContinue Reading
