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
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
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
The level of international reserves is anticipated to increase in 2023 and are projected to increase by 5.9 percent to N$50.8 billion at the end of 2023, from N$47.9 billion in 2022, the Bank of Namibia (BoN) has said. The projected increase is attributed to an improvement in export revenues,Continue Reading
Namibia expects to sign the implementation agreement for its US$10 billion (approximately N$190 billion) green hydrogen project in the second quarter of 2023 and commence feasibility studies, a senior official speaking at the ongoing Africa Energy Indaba 2023 summit said. Last month, the project promoter, Hyphen Hydrogen Energy, signed twoContinue Reading
…as 214MW renewable energy is in the works Kandali Iyambo, Executive Modified Single Buyer at NamPower has said Namibia is working on substituting power imports with local generation. Addressing an Invest in Namibia Roundtable, which was a side event of the Africa Energy Indaba, held at the Cape Town InternationalContinue Reading
Small and Medium Enterprise (SME) development is a priority for governments and financial institutions worldwide. This statement was made by Bank Windhoek’s Executive Officer of Business Banking, Leon Koch, when he announced that the Bank had completed all necessary arrangements to support the Namibian Government’s SME Economic Recovery Loan SchemeContinue Reading
By Efraim Paulus Namibia has made significant strides in improving food safety in recent years, but there is still work to be done. One area that deserves attention is the informal food sector, which is often overlooked when it comes to regulations and standards. Informal food traders are an essentialContinue Reading
Research experts, Simonis Storm have predicted that petrol and diesel prices could move closer to N$23 per litre by mid-2023 as its conservative or base scenario forecast while in the extreme scenario, the firm sees local fuel prices at N$25 per litre. In their latest announcement, the Ministry of MinesContinue Reading
