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News / Page 15
Business Sector Sees 0.5% Year-on-Year Growth in June
By: Staff writer The business sector experienced a 0.5% year-on-year (y/y) growth in June, a significant slowdown from the 4.7% y/y recorded in May 2024, yet still above 2023 levels. Analysis from Simonis Storm Securities’ Halleluya Ndimulunde reveals this as the second slowest credit growth uptake for corporates in 2024. Ndimulunde attributed this declaration to […]
Naloba Appeals to Mbumba to Cancel Local Businesses’ Tax Debts
By: Justicia Shipena The Namibia Local Businesses Association (Naloba) has appealed to President Nangolo Mbumba to pardon all local businesses’ tax debts, allowing them a fresh start. This plea was made during a meeting at State House late Wednesday afternoon, aiming to address critical issues affecting the country’s economy and the livelihood of its […]
AgriBusDev Staff Cry Foul Over Unresolved Job Placements
By: Hertha Ekandjo Employees of the Agricultural Business Development Agency (AgriBusDev) have raised concerns regarding the uncertainty surrounding their placement into the Ministry of Agriculture, Water, and Land Reform. This follows the Cabinet’s 2022 decision to terminate AgriBusDev’s role as the operator of the country’s green schemes. In a letter dated 23 July 2024, […]
Private Sector Offers N$3.1 Billion for Government Debts
By: Nghiinomenwa-vali Erastus Over the past week, the private sector has submitted several bids totaling N$3.1 billion to lend money to the government through bonds and Treasury Bills (TB). This information is based on the auction results for 14 bonds held on July 24, 2024, and the four TB auctions held on July 25, […]
NAMAF Reports Record N$5.74 Billion in Claims for 2023
By: Hertha Ekandjo The Namibia Association of Medical Aid Funds (NAMAF) has reported a record N$5.74 billion in claims received by registered medical aid funds by the end of December 2023. This significant figure continues an upward trend in both the total claimed and benefit amounts over time. The Fund highlighted the substantial […]
Malnutrition Cases Increasing in Ohangwena
By: Juliana Iikela Malnutrition cases in the Ohangwena region are on a concerning upward trajectory, exacerbated by high levels of poverty. According to the Ministry of Health’s regional chief medical officer, Odon Nkongolo, who spoke during a consultative meeting and familiarisation visit to state hospitals in Ohangwena by the Parliamentary Standing Committee on […]
Mbumba Wants Commercial Banks to Actively Participate in National Development
By: Hertha Ekandjo President Nangolo Mbumba has urged local banks to adopt a more proactive stance in funding small and medium-sized enterprises (SMEs) to develop the economy. He called on them to explore avenues that significantly reduce collateral requirements and incorporate more equity-based financial instruments. During a recent engagement with managing directors and chief […]
Osino Expects N$5.1 Billion Competition Commission Decision in September
By: Staff Writer Osino Resources expects a final decision from the Namibian Competition Commission (NaCC) on its acquisition by Chinese firm Shanjin (formerly Yintai Gold) by early September. Currently, competition law clearance from NaCC remains the only outstanding approval needed to conclude the deal, with clearance expected soon. NaCC received the third of three […]
High Input Costs Threaten Pork Industry Growth Amid Declining Imports
By: Hertha Ekandjo Local pork farmers face significant challenges that hinder the industry’s growth and sustainability. On the one hand, there is a huge opportunity to supply pork to the local market due to heightened demand driven by the sharp decline in pork imports over the past few years. On the one hand, […]
Cancer Cases on the Rise, Averaging 4,300 Annually … prostate cancer remains the most common cancer in Namibia
By: Nghiinomenwa-vali Erastus The Cancer Association of Namibia (CAN) has reported a significant increase in cancer cases, with an average of 4,300 new cases annually, up from 3,700. This information was highlighted in a statement released by Bank Windhoek during the launch of its Cancer Apple Project, which raises funds for CAN’s outreach […]