The Namibia Investment Promotion and Development Board (NIPDB) and the World Bank Group have successfully concluded the Chelete Cage pitch event, providing a crucial platform for innovative startups and micro, small, and medium enterprises (MSMEs) to raise funds and meet their capital needs. The initiative, held recently in Windhoek, marksContinue Reading
It is becoming increasingly difficult for Agribank to source affordable capital and on-lend to the agriculture sector at affordable rates, the Bank has said in its latest quarterly economic outlook report. The Bank further noted that this prompts the need for the Bank to continuously engage stakeholders and shareholders forContinue Reading
This week, the Bank of Namibia’s (BoN) Monetary Policy Committee (MPC) will announce changes to the repo rate with wide expectations that the rate will continue scaling up. Research experts, Simonis Storm have predicted that in the next eight weeks, the central bank will hike the rate twice with 25bpsContinue Reading
Bread and cereals prices increased by 20.8 percent during March 2023 compared to 4.2 percent recorded same period of the previous year, the Namibia Statistics Agency (NSA) said last week. The growth in the annual inflation rate for this sub-category resulted mainly from increases in the price levels of Maize,Continue Reading
…public enterprise takes national tally to 15 fuel stations The National Petroleum Corporation of Namibia – NAMCOR, has announced the opening of its two latest service stations that will serve the community of Rundu with its fuel and lubricant needs. Given Rundu’s population of roughly 63 400 residents, the twoContinue Reading
Deep Yellow Limited has announced the start of extensive resource drilling programs at its Tumas uranium project in Namibia with the expectation from this drill program being to increase the resource base and grow the Tumas 3 project Life of Mine from the current 22.5 years to greater than 30Continue Reading
The City of Windhoek (CoW) has commenced plans to expand its waste disposal facility with Kupferberg waste disposal site which is used for the disposal of all general and hazardous waste generated within the City approaching the end of its cell life. Current space estimates indicate the remaining life ofContinue Reading
U.S. Ambassador Randy Berry has launched the third cohort of the Academy for Women Entrepreneurs (AWE) program in Walvis Bay. The program was first established in Namibia in November 2020 and aims to provide women with the tools needed to create and grow their own businesses, raise capital, and effectivelyContinue Reading
The central bank, Bank of Namibia (BoN) has said that for Namibia to build resilience from external shocks, it will require specific interventions that are most appropriate to the Namibian economy with key responses involving interventions to respond to trade distortions through economic diversification; interventions to rebuild fiscal policy buffersContinue Reading
The Ministry of Fisheries and Marine Resources has requested in excess of N$85 million which would be deployed towards the protection of Namibia’s living aquatic resources. Motivating the ministry’s budget on Parliament last week, Minister of Fisheries and Marine Resource, Derek Klazen noted that this budget focuses on curbing andContinue Reading
