Vehicle sales in September have recorded a decrease of 0.8% compared to August figures. The month of September saw 988 new vehicles sold compared to 996 units sold in August. A total of 9471 vehicles have been sold thus far this year, representing 211 units fewer than the 9682 sold during the same timeframe last […]
With the Income Tax Amendment Act, many Namibians will now have some more money at their disposal. Financial experts, however, caution consumers to manage their finances wisely and put aside funds for emergencies as a shield against financial stress. Saving money for emergencies such as medical or home repairs saves one from financial stress. Consumers […]
Over 160 exhibitors from various sectors, including corporations, small-scale farmers, and SMEs, will participate in the 2024 Keetmanshoop Agricultural and Industrial Show. Organizers promise visitors an entertaining, informative, and business-focused event. The annual expo is hosted by the Keetmanshoop Show Society in collaboration with the Keetmanshoop Municipality, the ||Kharas Regional Council, and the Office of […]
The town of Luderitz and Aus Settlement in the ||Karas Region are poised to undergo significant transformation, driven by new developments in green hydrogen and in the oil and gas industry. The transformation plans were unveiled at a two-day long Luderitz stakeholders conference this week, aimed at fostering collaboration among key stakeholders and setting a […]
The introduction of the national minimum wage marks a significant milestone in a journey towards social equity and economic justice for all. Speaking at the Government Information Centre, Labour, Industrial Relations, and Employment Creation Minister, Utoni Nujoma, emphasised the government’s commitment to ensure compliance and protection of workers’ rights. In June this year, Cabinet approved […]
Cabinet has decided that Namibia should allocate five percent of the national budget to water and sanitation programmes. This aligns with the sustainable development goal of access to water and sanitation. Cabinet also expressed its support to the Ministries of Agriculture, Water, and Land Reform and Urban and Rural Development to use investment opportunities available […]
Managing climate-induced inflation requires a fine balancing act, especially when coupled with high unemployment and weak economic conditions, Bank of Namibia Governor Johannes !Gawaxab has said. Speaking at the launch of Namibia’s first broad-based sustainability framework for the financial system in Windhoek on Thursday, !Gawaxab said the climate crisis affects food security and agricultural productivity […]
The Minister in the Presidency, Christine ||Hoëbes, says it remains a government priority to provide each Namibian with a decent roof over their head. She made this comment at the official opening of the Affordable Housing Expo. The country’s first affordable housing Expo, which is accessible to the public for the next three days and […]
The National Petroleum Corporation of Namibia (NAMCOR) is not yet out of the woods, despite a N$1.9 billion lifeline from the government last year to get out of its financial troubles, including paying its creditors. NAMCOR’s interim managing director, Ebson Uanguta, highlighted that the company has put in place strategies and policies to address its […]
The Bank of Namibia has reduced the repo rate by 25 basis points from 7.5% to 7.25%. Commercial banks are expected to reduce their prime lending rates by the same margin, from 11.25% to 11%. The central bank’s decision was aimed at ensuring continued support for the domestic economy while simultaneously safeguarding the peg between […]
