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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 33 of 184

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Business / Economics

Bank of Namibia declares N$720 million in dividend for 2024 FY

By: Hertha Ekandjo The Bank of Namibia has declared N$720 million in dividends for the 2024 financial year to the government, a record historic compared to N$511,4 million in 2023. Additionally, the bank provisioned N$70 million in its building Fund Reserve as we prepare to expand our infrastructure to meet evolving operational demands. Speaking at the bank’s 2024 annual report launch in Windhoek, BoN governor Johannes !Gawaxab said the bank […]

today1 April, 2025

Business / Economics

Government ministries should prioritise and support local enterprises

(Contributed Photo) PRIORTISE LOCAL ENTERPRISES: Works and Transport Minister Veikko Nekundi said government ministries should prioritise and support local enterprises, particularly manufacturers. He gave an example that, although there are local companies that manufacture toilet paper, some government entities still place orders from outside the country. Nekundi said that in accordance with procurement laws, locally owned enterprises must be prioritised in both projects and supplies. “Therefore, for any procurement, conditions […]

today31 March, 2025

Business / Economics

Economist Omu Kakujaha-Matu suggests Air Namibia partners with other airlines to secure future

By: Hertha Ekandjo Economist Omu Kakujaha-Matu has suggested that Air Namibia should explore partnerships with other airlines to ensure its survival and profitability. In a recent interview with NewsOnOne, Kakujaha-Matu emphasised that forming alliances with global carriers could provide the much-needed support to get the airline back on track. "In the face of new evidence suggesting profitability in the airline industry, one possible solution for Air Namibia is to explore […]

today27 March, 2025

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Business / Economics

Namibia’s 2025/26 budget set at N$106.3 billion

By: Hertha Ekandjo The Minister of Finance, Ericah Shafudah, tabled Namibia’s national budget for the 2025/26 financial year in Parliament in Windhoek, outlining a total expenditure of N$106.3 billion. According to Shafudah, the budget comprises N$79.8 billion for operational expenditure, N$12.8 billion for development expenditure including N$3.2 billion funded through external loans and grants, and N$13.7 billion allocated for interest payments. This marks a 4.9% increase from the revised estimates […]

today27 March, 2025

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Business / Economics

Budget: EAN hosts discussion on balancing growth and social upliftment

By: Hertha Ekandjo The Economic Association of Namibia (EAN), in partnership with Capricorn Group Limited and the Hanns Seidel Foundation Namibia, and in collaboration with High Economic Intelligence (HEI), this week held a budget discussion under the theme “Balancing Growth and Social Upliftment: The National Budget in a New Dispensation.” The discussion brought together economists, policymakers, academics, and civil society representatives for dialogue on how the national budget can be […]

today27 March, 2025

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Business / Economics

Namibia should not be experimenting at 35 years -Salomo Hei 

By: Hertha Ekandjo Managing Director of High Economic Intelligence, Salomo Hei, has stressed the need for Namibia's economic transformation, emphasizing that the country should not be ‘experimenting at 35 years’ but rather have a clear understanding on the way forward. In a recent discussion, Hei emphasized the need for clear, long-term policies rather than relying solely on the national budget to drive economic change. “We should not use the budget […]

today27 March, 2025

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, […]

today26 March, 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 […]

today25 March, 2025

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 […]

today25 March, 2025