News By Category Economics

Inflation slows down further

3 days ago - 14 November 2019 | Economics

Annual overall inflation in Namibia last month was 3.0%, down from 3.3% in September and 5.1% a year ago.Data released by the Namibia Statistics Agency (NSA) this morning shows annual food inflation at 4.1% in...

Informal sector taxes off the table

6 days ago - 11 November 2019 | Economics

The ministry of finance has struck any plans to introduce a presumptive tax on the informal sector of the economy off the table and said it would rather look at introducing favourable tax rates for...

Lifestyle audits kick off

1 week ago - 07 November 2019 | Economics

OGONE TLHAGE The ministry of finance is gunning after suspected tax defaulters by means of lifestyle audits.Tax commissioner Justus Mwafongwe told Namibian Sun that the campaign to recover unpaid taxes also involves...

New cocoa deals help peasant farmers, but not enough

1 week ago - 06 November 2019 | Economics

David Esnault - The willingness of some multinational firms to pay a cost-of-living bonus for African cocoa planters is welcome but will not save many farmers from grinding poverty, industry sources say.Ivory Coast and Ghana,...

Debt relief a double-edged sword for S. Africans

1 week ago - 06 November 2019 | Economics

Emma Rumney - Solani Rivele, a single mother of four, earns about R800 a week but owes 100 times that amount in loans. Millions of South Africans like her rely on credit to feed their...

Category

Nigeria puts squeeze on oil majors

1 week ago - 06 November 2019 | Economics

Libby George - The Nigerian government has amended a bill that would render billions in planned offshore oil investments unprofitable and cut nearly 30% from...

N$2.5m salaries bailout for Agribusdev

2 weeks ago - 01 November 2019 | Economics

The agriculture ministry will seek treasury approval in order to divert N$2.5 million that will be used to pay Agribusdev staff, who are yet to...

N$54m lifeline for ailing NBC

3 weeks ago - 25 October 2019 | Economics

Finance minister Calle Schlettwein has emptied state coffers to the tune of N$54 million to bail out the Namibia Broadcasting Corporation (NBC). While Schlettwein...

Upbeat Calle preaches recovery

3 weeks ago - 23 October 2019 | Economics

Finance minister Calle Schlettwein says the domestic economy is projected to gradually emerge from the recession in 2020 with a moderate growth rate of about...

A legacy in doubt

3 weeks ago - 23 October 2019 | Economics

Jo-Mare Duddy - With elections on the horizon, president Hage Geingob and his cabinet must decide what their legacy is going to be: will they...

Stable Botswana to vote in rare cliffhanger

3 weeks ago - 23 October 2019 | Economics

Susan Njanji - Botswana votes today in the most closely fought general election in the history of the Southern African country, long known as...

For Russian business, big dreams in Africa

3 weeks ago - 23 October 2019 | Economics

Andrea Palasciano - From diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming late...

Summit showcases growing clout

3 weeks ago - 23 October 2019 | Economics

Thibaut Marchand - President Vladimir Putin has called the first ever summit with dozens of African leaders "unprecedented" as Sochi prepared to host over 3...

In Putin’s own words

3 weeks ago - 23 October 2019 | Economics

The Russian news agency TASS conducted an interview with president Vladimir Putin ahead of the Russia-Africa Summit, a copy of which was provided to Business7...

Calle's nasty tightrope walk

3 weeks ago - 22 October 2019 | Economics

Finance minister Calle Schlettwein, who will present his midterm budget review in the National Assembly today, once again faces an unenviable task, according to analysts....

Inflation slows to 3.3%

1 month - 15 October 2019 | Economics

Annual overall inflation in Namibia in September was 3.3%, down from 3.7% the previous month and significantly below the 4.8% of September 2018.Figures released by...

Pirate products crackdown

1 month - 14 October 2019 | Economics

The ministry of finance says it will intensify the enforcement of the law on the clearance of imports to ensure compliance with intellectual property rights...

Driving investment (away)

1 month - 09 October 2019 | Economics

Jo-Maré Duddy To rekindle economic growth and drag Namibia out of its prolonged recession, the country needs “a dramatic change of policy, away from inward...