Business / Economics

Economist warns of infrastructure investment sustainability

(Contributed Photo of Floris Bergh) By: Hertha Ekandjo Capricorn Group's chief economist, Floris Bergh, recently addressed concerns regarding the sustainability of large-scale infrastructure projects in Namibia. Bergh emphasized that while infrastructure development is crucial, the financial challenges associated with these investments remain a serious concern. Speaking at the recent budget discussion in Windhoek, Bergh noted that the need for robust infrastructure is a global theme, with countries like the US, […]

March 26, 2025

Business / Economics

Japanese government donates agro-inputs to Kavango East region

https://youtu.be/ZhvokrCwyHU By: Ellen Shihepo The Japanese government in collaboration with the Food and Agriculture Organisation (FAO) and ministry of agriculture donated agricultural inputs to support 1,760 farming households in the Kavango East region last week. Agro-inputs are substances or services that are used in the production of agricultural and allied products. Speaking in Rundu, Japanese Ambassador Shinichi Asazuma said the project is titled “Emergency response to enhance resilience and […]

March 25, 2025 20

Business / Economics

Hei criticizes efficiency of government spending

By: Hertha Ekandjo Salomo Hei, Managing Director of High Economic Intelligence, has expressed concerns over the efficiency of government spending, emphasizing that increased expenditure alone will not resolve the country's challenges. Speaking at the recent budget discussions in Windhoek, Hei pointed out that the issues lie not in the amount of money allocated but in the lack of efficiency and tangible outcomes tied to those expenditures. "I think there's challenges […]

March 25, 2025 21

Business / Economics

CRAN launches universal service fund to bridge Namibia’s digital divide

By: Staff Reporter The Communications Regulatory Authority of Namibia (CRAN) has launched the Universal Service Fund to enhance digital connectivity across. Announced in Windhoek on March 19, 2025, this initiative aims to bridge the digital divide by improving access to information and communication technology (ICT) nationwide. Dr. Tulimevava Mufeti, Chairperson of CRAN’s Board, highlighted the importance of connectivity as a necessity for education, healthcare, and economic development. The fund will […]

March 19, 2025 31

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Business / Economics

Mbumba signs off new benefits for retired political office bearers

Outgoing President Nangolo Mbumba has signed off the post-retirement benefits of the specified public office-bearers. The government will pay for the retiring office bearers' cooks, drivers, security personnel, fuel and a vehicle grant. The benefits apply to four categories, with the vehicle grant pegged at N$700,000 and N$600,000. Mbumba said he signed off the benefits under the powers vested in him by section 8 of the Public Office-Bearers (Remuneration […]

March 18, 2025 5151 3

Business / Economics

Debmarine Namibia faces N$7.1 billion loss amid market challenges

(Video of Debmarine Namibia's Chief Executive officer, Willy Martens deliberating on the matter) By: Hertha Ekandjo Debmarine Namibia has recorded a loss of N$7.1 billion between 2023 and 2024. The company’s earnings before interest, tax, depreciation, and amortisation have fallen from N$6.76 billion in 2022, with market conditions alone stripping away N$2.3 billion in 2023 and another N$4.8 billion in 2024. This was revealed thy Debmarine`s Chief Executive Officer, Willy […]

March 17, 2025 222 2

Business / Economics

NamRA reports surge in transit value and growth

https://youtu.be/iuzbdvlJELE By: Hertha Ekandjo The Namibia Revenue Agency (NamRA) revealed that for February 2025 goods worth a staggering N$3.9 billion transited through the country in just one month, a reflection of both imports and exports. NamRA`s commissioner of Sam Shivute, emphasized the significance of the numbers, stating, “This is a huge amount of money, and when you consider it on a monthly basis, we are looking at an average […]

March 14, 2025 28

Business / Economics

NIPDB CEO says unsustainable unemployment a threat to peace

https://youtu.be/rvKjQW_wr2Y By: Selma Taapopi Namibia Investment Promotion and Development Board (NIPDB) Chief Executive Officer Nangula Uaandja said the incoming president Netumbo Nandi-Ndaitwah should address unemployment immediately after her inauguration. Uaandja said the recent unemployment statistics pose a threat to peace and stability. According to Namibia Statistic Agency (NSA), the overall unemployment is nearly 37 percent.“ We have seen with the recent statistics that were released by the Namibian Statistics […]

March 14, 2025 17

Business / Economics

Trans-Kalahari Border Post study reveals average clearance time of over five hours

By: Hertha Ekandjo A Time Release Study (TRS) Report for the Trans-Kalahari Border Post has found that the average time taken to clear imported goods in Namibia—from the moment a truck arrives at the Entry Gate to its exit at the Exit Gate is 5 hours and 31 minutes. The report which was officially launched on Thursday breaks down the clearance process into several stages. The findings of the study […]

March 13, 2025 58