The Bank of Namibia has declared a dividend of N$413.7 million to the State Revenue Fund, following a positive financial performance for the 2022 financial year which improved significantly compared to 2021. Favorable interest rates during 2022 and the increase in the Bank’s reserves balance contributed to the improvement inContinue Reading
With the rise of ride-hailing apps, illegal passenger transport operators have become a growing problem in Namibia. Many of these operators are unlicensed, unregulated, and they pose a serious risk to both passengers and the wider public. The problem of illegal passenger transport operators has been brought to the forefrontContinue Reading
Sidney Hanstein, Chairperson of Team Namibia, and Charmaine Matheus, Namibia Tourism Board (NTB) Head of Marketing, on behalf of the NTB recently signed a memorandum of understanding (MoU) which, in essence, will lead to greater co-operation and teamwork between the two entities. Hanstein expressed his excitement about the MoU andContinue Reading
Research firm, Simonis Storm has said that while the firm is aware of major housing expansion projects in various towns at the coast and the South of Namibia such as Luderitz and Oranjemund, these will take time to benefit local construction companies. In a report last week, the firm acknowledgedContinue Reading
The recently launched Integrated Business Strategic Plan (IBSP) for the period 01 April 2023 to 31 March 2026 by the Communications Regulatory Authority of Namibia (CRAN) aims to improve service provision to customers and address the affordability of ICT services in the sector. Launched in line with the provisions ofContinue Reading
Mine and Energy minister, Tom Alweendo has called for responsible use of revenue generated from the country’s diamond resources cognisant that the available diamonds will on day run out. Speaking at Debmarine Namibia’s annual stakeholder engagement, Alweendo highlighted that mining as a major contributor to the Namibian economy, stands atContinue Reading
Chinese battery minerals producer Zhejiang Huayou Cobalt has announced a A$2.5-million (about N$30 million) investment in Australia-listed Askari Metals to advance the exploration of its Uis lithium project, in Namibia. Huayou Cobalt also said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe.Continue Reading
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
