insert_link Business / Economics Financial restructuring strengthens NAMCOR’s performance The National Petroleum Corporation of Namibia has given an update on its efforts to become a leading energy company. According to Paulo Coelho, Manager of Marketing, Communications, and Public Relations, Namcor is focusing on financial restructuring, improving operations, and accountability to strengthen its performance. todayOctober 2, 2024 48
insert_link Business / Economics Namib Mills responds to allegations following tragic incident in South Africa Namib Mills has issued a statement regarding the tragic deaths of three children in Mdantsane, Eastern Cape, South Africa, after consuming home-cooked porridge. The company emphasized that there is no evidence linking their Top Score Instant Porridge to the incident. As a precaution, the product has been temporarily withdrawn from markets in South Africa, Namibia, Zambia, and Lesotho while an independent investigation is conducted. In response to the situation, the […] todayOctober 2, 2024 27
insert_link Business / Economics FNB Namibia expects inflation to reach 4.7% in September FNB Namibia expects headline inflation to increase to 4.7% year-on-year in September from 4.4% in August, mainly driven by rising food and non-alcoholic beverage prices because of the ongoing drought, while transport costs continue to decline. Core inflation is expected to slightly decrease from 3.8% in August to 3.7% in September. FNB Namibia economist Helena Mboti, explains. todayOctober 2, 2024 47
insert_link Namibia Training for Health Lecturers on Maternal Mental Health in Windhoek Local and international health lecturers are undergoing training in Windhoek focused on Maternal Mental Health Education and Care in Sub-Saharan Africa. One Africa reports that participants include educators from universities in Namibia, Zambia, Malawi, Tanzania, and Finland. The training addresses the pressing need for an additional 239,000 healthcare professionals to effectively manage mental health disorders in the region. todayOctober 2, 2024 14
insert_link Namibia Dr. Helena Ndume pays tribute to late NBA legend Dikembe Mutombo Following the death of NBA Hall of Famer Dikembe Mutombo, we spoke with ophthalmologist Dr. Helena Ndume, who worked with him on different humanitarian projects. A few years back, a team of Namibian eye care professionals, led by Dr. Ndume, provided free sight-restoration surgeries during a three-day clinic at Biamba Marie Mutombo Hospital, organised at the invitation of Dikembe Mutombo. Mutombo died from brain cancer on Monday, at […] todayOctober 2, 2024 47
insert_link Business / Economics Trade deficit reaches N$3.6 billion in August 2024 The Namibia Statistics Agency has reported a trade balance deficit of N$3.6 billion in August 2024 which is an increase from N$2.1 billion in July and a decrease from N$4.9 billion in August 2023. Exports were adjusted upward by N$7 million, while imports decreased by N$1 million, mainly due to higher export values of fish and precious stones, according to Namibia Statistics Agency spokesperson Mirjam Shihepo. todayOctober 2, 2024 32
insert_link Business / Economics FNB Namibia expects inflation to reach 4.7% in September FNB Namibia expects headline inflation to increase to 4.7% year-on-year in September from 4.4% in August, mainly driven by rising food and non-alcoholic beverage prices because of the ongoing drought, while transport costs continue to decline. Core inflation is expected to slightly decrease from 3.8% in August to 3.7% in September. This small drop suggests that, even though overall inflation might temporarily rise, inflationary pressures in the economy are gradually […] todayOctober 2, 2024 37
insert_link Namibia Namibian Economic Freedom Fighters Celebrate Court Victory as Democratic Triumph The Namibian Economic Freedom Fighters view their successful re-registration as a significant win for democracy. During a press conference in Windhoek today, NEFF Deputy President Kalimbo Ipumbu celebrated their court victory against the Electoral Commission of Namibia. One Africa reports that he also criticized former member Michael Amushelelo, labeling him a coward for leaving the party after its deregistration by the ECN. todayOctober 2, 2024 9
insert_link Business / Economics Trade Deficit Narrows to N$3.6 Billion in August In August, trade balance recorded a deficit of N$3.6 billion, an improvement from the N$4.9 billion deficit in August 2023 but higher than the N$2.1 billion deficit in July 2024. Exports saw an upward revision, increasing by N$7 million, while imports were adjusted downwards by N$1 million. The rise in export values was primarily driven by increased sales of fish and precious stones. Namibia Statistics Agency spokesperson, Mirjam Shihepo. todayOctober 2, 2024 22