News By Category Economics

N$8.2 billion spent on foreign goods in Feb

5 hours ago | Economics

PHILLEPUS UUSIKUFor the month of February this year, the value of imports into the country amounted to N$8.2 billion down from its level of N$9.5 billion in January 2021 and N$8.8 billion in February 2020.On...

Angola encourages Spanish investment

5 hours ago | Economics

Angola's President Joao Lourenco vowed to resolve the country's staggering debt in a bid to encourage business investment from Spain, as the two nations seek to bolster their trade ties.Africa's second-largest oil exporter is buckling...

Africa must expand medical manufacturing

5 hours ago | Economics

Africa must expand its medical manufacturing capacity and forge partnerships to boost expertise and investment to combat the Covid-19 pandemic and future health emergencies, South African President Cyril Ramaphosa said yesterday.The continent has struggled to...

Economy in critical need of health care

1 day - 12 April 2021 | Economics

PHILLEPUS UUSIKU – To ensure that Namibia’s economy gets back on track, it is of critical importance to aggressively spend on the health sector to guarantee a healthy and productive workforce in order to drive...

Outjo’s water arrears run into millions

1 day - 12 April 2021 | Economics

More than 3 000 residents and businesses owe the Outjo municipality in excess of N$33 million and the local authority will today cut the water supply of those whose accounts are in arrears. According to...

Category

Sacu coordination critical for AfCFTA

1 day - 12 April 2021 | Economics

The coordination of the Southern Africa Customs Union (Sacu) member countries in the implementation of the African Continental Free Trade Area (AfCFTA) agreement is critical...

Angola woos Spanish investment

1 day - 12 April 2021 | Economics

Luanda - Angola's president João Lourenço has vowed to resolve the country's staggering debt in a bid to encourage business investment from Spain, as the...

Global corporate tax inches towards reality

1 day - 12 April 2021 | Economics

Virginie Montet - Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax...

Excessive risk-taking making stocks overvalued

1 day - 12 April 2021 | Economics

Washington - Massive government aid has provided liquidity to support economies during the Covid-19 pandemic, but also caused stock prices to surge beyond their value,...

Namibia ‘losses’ billions in export earnings

4 days ago - 09 April 2021 | Economics

PHILLEPUS UUSIKUNamibia lost about N$1.9 billion in export earnings in February 2021 as exports reduced by 24.6% to N$5.7 billion from its level of N$7.6...

Zimbabwe expecting tobacco boom in 2021

4 days ago - 09 April 2021 | Economics

Zimbabwe's tobacco output is expected to grow by around 9% to 200 000 tonnes this year, the industry regulator said Wednesday, providing a major source...

Geingob launches Namibia Revenue Agency

5 days ago - 08 April 2021 | Economics

PHILLEPUS UUSIKUAccountability, honesty and loyalty are some of the values that will ensure that the newly launched Namibia Revenue Agency (NamRa) which will be key...

Namibia Revenue Authority officially operational

6 days ago - 07 April 2021 | Economics

PHILLEPUS UUSIKUThe long-awaited Namibia Revenue Authority (NamRA) is finally operational, following the notice by the Minister of Finance Ipumbu Shiimi on 01 April 2021.Ministry of...

South Africa collects trillions in...

6 days ago - 07 April 2021 | Economics

South Africa collected R1.25 trillion (US$85 billion) in tax revenue in the financial year ended March 2021, around 12% less than the government's original target...

IMF approves US$2.34 bln for...

6 days ago - 07 April 2021 | Economics

ANDREA SHALALThe International Monetary Fund on Friday said its board had approved new three-year financing arrangements for Kenya valued at US$2.34 billion to help the...

AfCFTA secretary general visiting Namibia

6 days ago - 07 April 2021 | Economics

PHILLEPUS UUSIKUWamkele Mene, secretary general (SG) of the African Continental Free-Trade Area (AfCFTA) Secretariat, is on an official visit to Namibia from 05 to 09...

Landlords finally on their knees

1 week ago - 06 April 2021 | Economics

PHILLEPUS UUSIKUDue to oversupply of rental properties and more bargaining power possessed by tenants, landlords are forced to settle for less in rental payments for...

N$3.9 billion IMF loan approved

1 week ago - 06 April 2021 | Economics

PHILLEPUS UUSIKU Namibia joined other 85 countries in the world to benefit from International Monetary Fund (IMF) financial relief for Covid-19 and acquired a loan...