- Namibia Economist (The)

Visual: Probabilistic rainfall forecast for southern Africa for March, April and May. The forecast was released about a week ago. Source: International Research Institute for Climate and Society, part of the Earth Institute at Columbia University in New York. […]

FirstRand Namibia headline earnings per share went down by 9.8% on the comparative period which was pre-COVID-19, the financial results for the interim financial period ended 31 December 2020 show. Comparing the earnings run rate of pre-March 2020 lockdown period to post lockdown, FirstRand’s […]

The Bank of Namibia has announced that the N$30 commemorative bank note has been nominated among the top 20 banknotes for the International Banknote Society (IBNS) 2020 Banknote of the Year Award. The IBNS Banknote of the Year award is an initiative of the IBNS to recognize an exceptional banknote […]

In its annual survey of mining companies, the Fraser Institute reported that Namibia dropped 33 places globally on its Policy Perception Index score, drastically losing the 14th place it held in 2019. In Africa, the country fell from first place in 2019 to fifth position in 2020. This is most […]

MTC Namibia, through its Rural School Project will construct at least six brand new classrooms and a storeroom for the Omatako Primary School in Tsumkwe, Otjozondjupa region, the company announced this week. Speaking at a handover event, MTC’s Chief Human Capital and Corporate Affairs […]

A voluntarily adopted transformation charter – The Namibian Financial Sector Charter – introduced by the Ministry of Finance in November 2008, constitutes a framework and establishes the principles upon which empowerment is to be implemented in the financial services industry by the end […]

Agricultural lender, Agribank, recently announced the winners in the first round of the Bank’s women and youth loan scheme Facebook selfie competition. Hileni Namwandi (26) from Omuntele in Oshikoto region scooped the first prize of a N$10,000 voucher. Namwandi farms with chicken and pigs and […]

Talented students, early career professionals, entrepreneurs and academics from all disciplines with groundbreaking research, business models and initiatives are being invited to apply for the Falling Walls Lab Namibia initiative. The Falling Walls Lab Namibia is hosted by the German Academic […]

The Goethe-Institut Namibia’s first edition of ‘Virtually Yours’ will take place on 13 March at 15h00, featuring Natasha Omokhodion-Kalulu Banda from Zambia and her first publication ‘No Be from Hia’. ‘Virtually Yours’ is a series of online discussions that […]

The Mayor of Windhoek, His Worship Dr. Job Amupanda, this week announced that all their arrears with NamPower have been settled and the current balance, on 02 March,  stands at zero. Amupanda said the shortage of cash flow in the past resulted in the municipality owing NamPower N$268 million […]

By Clifton Movirongo. The duo from Legacy of Love who participated in a cycling bit for the Everest Virtual Challenge earlier in the year, recently received a cash donation of N$9475,50 from Mannie Heymans of Mannie’s Bike Mecca. Heymans paid tribute to the team’s effort by donating […]

Law and business professionals who work extensively with insolvency, business rescue and liquidations, can now improve both their theoretical and practical knowledge with a Master’s degree in Insolvency and Business Rescue from the prestigious University of Pretoria. This new […]

Despite erratic fundraising and mixed risk and growth outlooks, deal activity in African private equity is growing, according to the latest Bright Africa report, a research initiative driven by RisCura. “The private equity arm of the research was the first section released as part of a series […]

State-owned enterprise, mandated to run the tourism facilities in the country, Namibia Wildlife Resorts (NWR) for the month of March slashed prices by 70% during weekdays, in commemoration of the 31st Independence anniversary. The discount will be running at all its operational facilities spread […]

By Namibia Nature Foundation. In October 2020, more than a dozen civil society organisations and scientists issued a statement opposing a “Transcontinental Biomass Partnership Namibia – Hamburg”, which investigates the feasibility of using Namibian bush biomass to power biomass […]

Malaria continues to cause suffering to many of the communities especially, in the north and northeastern parts of the country, the Minister of Health and Social Services said this week. Dr. Shangula on the occasion of the 2021 National Management Development Forum said the country needs to […]

The first fiber-open-access agreement for infrastructure sharing was signed this week between Paratus Namibia and internet service provider, Africa Online. This deal opens the way for Paratus to share its infrastructure with licensed operators to make fiber available to businesses and to private […]

TransNamib developed a Transportation Management System to increase its visibility freight by rail movement and ultimately increase the company’s operational efficiency. According to TransNamib, the new system has already started to reduce the company’s costs of operations, as the […]

A group of young creatives have joined forced to start production on a new local feature film that will be shot entirely in Namibia. The film tells the story of a young female preacher who criss-crosses the desert to preach to a dwindling faith community. Titled “Woestynpsalm” (Desert […]

“We seek to partner in funding deals that unlock green projects and that enable social projects that reduce inequality,” said Standard Bank’s Head of Investment Banking, Marco Triebner in a note addressing the challenges of sustainable financing. “Sustainable finance could […]

The global technology leader, Rosatom, successfully concluded its first Science Festival Week in Egypt. It was co-organised by the Russian Centre for Science and Culture, and took place in Cairo and Alexandria from 21 to 25 February. Throughout the festival, Russian and Egyptian nuclear scientists […]

The Namibia Training Authority (NTA) this week announced the resignation of Chief Operations Officer, Richwell Lukonga, who has left the organisation to pursue new professional interests. Mornay Louw, Manager: Corporate Communications, Marketing and Advocacy at the NTA said this is effective from […]

The Bank of Namibia has instructed Mufhiwa Building Projects to cease business operations in Namibia immediately, after investigations found that the business operates as a pyramid scheme. Members of the public are also instructed to stop participation in this scheme with immediate effect. In […]

The United Nations Education, Scientific and Cultural Organization (UNESCO) in collaboration with the Ministry of Education, Arts and Culture and the Namibian National Commission for UNESCO (NATCOM) will host a regional meeting on the Protection of Underwater Cultural Heritage in Africa. The […]

The developer of the Kudu gas field, BW Kudu in collaboration with NAMCOR and the Ministry of Mines and Energy has invited grade 9 to 12 learners across the country to participate in an essay writing competition under the theme “”How do we best develop our natural gas resources for the […]

The Deputy Prime Minister and Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah and Japanese Ambassador, Harada Hideaki signed a food aid agreement this week. The agreement will see Japan provide food aid worth around N$42 million in support of the Namibia […]

The Namibia Music Ensemble hosted and recorded ‘The Marriage of Figaro’ last week in Windhoek, after concluding The Voice Masterclasses classical music development workshop, in collaboration with Bank Windhoek. ‘The Marriage of Figaro’ is a four-act comic opera composed in […]

The Namibia Scientific Society will be hosting an online presentation and discussion via Zoom, titled ‘The Fugitive, a Mother’s Endeavour’, on 8 March at 19:00, organized by Andrew Fordred from Cynetio Cyber Security Solutions The presentation and discussion will be led by […]

The Ministry of Mines and Energy announced that suspension of applications for new fuel retail and wholesale Licences has been lifted, effective 02 March. The applications for these licenses were temporarily suspended until 28 February 2021, due to the ministry reviewing the procedures and […]

Agribank’s mentee and post settlement loan beneficiary Elize Eliphas (32) is a young female resettled commercial farmer in the area of Maltahohe district near Mariental in the Hardap region. Eliphas’s farming journey started at the tender age of 14 with her parents at their homestead in […]

The Gondwana Collection Namibian has turned the Gondwana Travel Centre in Windhoek into an all-in-one hub for travel and safaris in Namibia as from 1 March. The centre will be used to support direct bookings to most local hotels and lodges as well as all their properties. Furthermore the centre […]

FirstRand Namibia Hope fund’s donation of N$357,400 for spare parts, saw repair work on 52 Stiegmeyer beds at the Intermediate Hospital Katutura commence last week. “We were made aware of the shortage of medical beds at the hospital and jumped at the chance to assist in repairing the […]

Meatco’s Livestock Production and Value-Addition Department has devised a robust strategy to buy cattle from local cattle producers with marketable cattle. The department aims to buy animals from communal and commercial producers through strategically devised platforms, such as permit days […]

Private sector credit growth slowed to 1.8% in January 2021 decreasing by 0.2%, the Bank of Namibia indicated. This decline stemmed from lower demand for credit extended to households during the period under review. The 12-month growth in credit extended to households slowed to 2.5% at the end of […]

By Thinus Pretorius Chairperson of the Livestock Producers’ Organisation. The Livestock Producers’ Organisation has noted with empathy and understanding the concern of the United States Cattlemen’s Association about a possible foot-and-mouth disease contamination from Africa, […]

A blank space or an (NR) indicates no readings received. An ( e ) indicates that the water level has been estimated. An ( w ) indicates that the conditions were very windy, resulting in an inaccurate reading. Omatjenne Dam does not have abstraction facilities. The dam contents are according to the […]

Team Namibia has called the latest National Equitable Economic Empowerment Bill (NEEEB) into question as an appropriate economic strategy, particularly given the current economic crisis the country faces and in a statement called for a proper economic impact assessment of NEEEB. Team Namibia […]

By Titus Mwahafa Regional Programmes Africa, GIZ. The year 2021 seems to be continuing very much in the same vain as 2020 ended. Restrictions in place and COVID-19 still looming large for Namibia and globally. Although there is a ray of light in the forms of schools having reopened. Children of all […]

Turning 60 is something many people dread. The popular view is that it is the beginning of the end, but for me it turned out to be a most blessed experience. During the past week, it was my turn to face the big Six Love. This happened on Wednesday 24 February, and consisted of the

An outbreak of Lumpy Skin Disease (LSD) in Eiseb in the Otjombinde district, Omaheke Region was recently observed by the Directorate of Veterinary Services. The disease was first detected at Otjiuapehuri village on 12 February and so far, a total of 31 cattle from 10 different homesteads have been […]

Tura Magic was crowned the champions of the Namibia Football Association (NFA) Women’s Super League Cup after defeating Galz & Goals 1-0 in an entertaining final played at the NFA Techincal Centre on Saturday. Magic had been free-scoring all campaign but faced a tough nut to crack in Galz […]

By Natasja Beyleveld NaMedia a local media monitoring firm. According to official policy statements, Namibia should be moving towards a knowledge-based economy, and to reach this goal the equality of education in Namibia will need to be improved. Namibia has an ambitious education policy. Keywords […]

By Marlize Maree Marketing expert. What a roller coaster ride it continues to be, when all of your resources depend mainly on digital marketing. Not in a million years would I get to see the power of online/digital Marketing than in this era in the midst of a pandemic. With years of experience in […]

The domestic economy is expected to recover to a growth rate of 2.7% in 2021, from a deep contraction of 7.3 % in 2020, the Bank of Namibia said in their Economic Outlook update for February. According to the central bank the domestic economy is projected to grow by 2.7% and 3.3% in 2021 and

The City of Windhoek’s debtor’s book currently stands at a billion dollars and for the past months and the municipality has been struggling to collect money owed by some of the clients, an executive said this week. The City of Windhoek Manager: Corporate Communication, Marketing and […]

By NJ Ayuk. Speaking at the International Petroleum (IP) Week on 25 February, I commended Nigeria for its efforts in driving gas monetization, but we have to be clear that our industry and hardworking people remain frustrated by the delays and inability to pass and sign the Petroleum Industry Bill. […]

Anxiously watching the heaps of waste from personal protective equipment and other household waste mounting as a result of the pandemic, concerned environment and tourism parties came together again to re-ignite the drive and efforts towards a cleaner Namibia. As far back as December 2017, the […]

MultiChoice Namibia agent, Jose DeBrito, has for the past 10 years helped connect MultiChoice customers in Walvis Bay and Swakopmund, to the very latest in satellite-TV technology. Jose has always been interested in technology, and in 1998 opened the first store of his tech business, Supatronix, in […]

The price of petrol and diesel will go up by 80 cents on midnight of 03 March, the Ministry of Mines and Energy said. This will be the second consecutive increase, after fuel prices went up by 50 cents in February. The new fuel prices will become N$ 12.65 per litre for petrol and N$

Capricorn Group’s profit from continuing operations decreased by N$118.8 million, or 20.2%, relative to the pre-COVID-19 comparable period, according to the Group’s interim results for the six months ended 31 December 2020 released this week. The group’s net interest income and […]