Bank of Namibia to conduct a BoP census

The participation of the general public and stakeholders will have an impact on economic policy formulation and decision-making in the country.

04 August 2021 | Economics

The 2021 census will be conducted online through an exploratory survey. Kazembire Zemburuka, Deputy director for corporate communications: BoN

STAFF REPORTER

The Bank of Namibia (BoN) intends on conducting a Balance of Payments (BoP) census in order to increase Namibia's BoP sample size and statistics.

According to the BoN’s deputy director for corporate communications, Kazembire Zemburuka, a BoP census is a comprehensive count of all organisations and persons residing in Namibia who have foreign assets or liabilities or engage in transactions with non-residents.

To perform its function, the central bank maintains a database of various economic indicators, gathered from individuals and organisations across the country. In particular, the BoN collects data on economic transactions between Namibian resident enterprises and the rest of the world in the form of foreign ownership, foreign assets, and liabilities, he said.

In this regard, a census which is conducted every ten years shall strengthen the BoP database. The 2021 census will be conducted online through an exploratory survey, which will be distributed via an email link from the email address [email protected], Zemburuka pointed out.

The BoP staff of the bank will contact the identified businesses by phone to obtain email addresses to which the online survey will be sent. The exploratory survey began in June 2021 and will continue until December 2021.

The bank would like to thank all participants for their assistance in enabling it to carry out its mandate effectively.

The general public and various stakeholders can be confident that their participation will have an impact, particularly on economic policy formulation and decision-making in the country. In this regard, the bank is dedicated to conducting a successful census that meets international standards and informs Namibia's economic development trajectory, he said.

Similar News

 

Vehicle prices locally on a rising trend

13 hours ago | Economics

PHILLEPUS UUSIKUGlobal shipping constraints and reduced production, resulting in delayed imports, are some of the factors that are driving up vehicle prices in Namibia.According to...

Save the economy by getting vaccinated

13 hours ago | Economics

STAFF REPORTERSpeakers at the ‘Pandenomics’ webinar recently hosted by Nedbank Namibia and Simonis Storm, and supported by Nedbank Business Banking and Nedbank Private Wealth, have...

Public transport on a standstill in Eswatini

13 hours ago | Economics

Public transport remained at a standstill Sunday in Eswatini, in the latest protest against Africa's last absolute monarchy, rocked by a wave of pro-democracy demonstrations.Private...

South Africa weighs need to save climate

13 hours ago | Economics

SOFIA CHRISTENSEN AND GRIFFIN SHEAWhen you fly into Johannesburg, solar panels seem to gleam everywhere, from the roofs of mansions and small township homes alike.But...

Blue Economy policy consultations on the go

13 hours ago | Economics

[email protected] BAY Consultative workshops with various stakeholders for the development of Namibia's sustainable Blue Economy policy are taking place across the country.The workshops are hosted...

The cost of living slightly under control

1 day - 18 October 2021 | Economics

PHILLEPUS UUSIKUDespite there being global supply constraints of goods, which is likely to fuel inflation, demand-pull inflationary pressures remain weak in Namibia due to consumers...

Supply chain crisis snags recovery

1 day - 18 October 2021 | Economics

MATHILDE DUMAZETClosed factories, clogged ports, no truck drivers up and down the global supply chain there are problems, raising concerns that it could disrupt the...

US donates J&J doses to African Union

1 day - 18 October 2021 | Economics

STEVE HOLLANDPresident Joe Biden told visiting Kenyan President Uhuru Kenyatta that the United States will make a one-time donation of more than 17 million doses...

South Africa, EU hold ‘intense talks’

1 day - 18 October 2021 | Economics

The European Union and South Africa are in “intense talks” on how to increase the availability of vaccines to developing countries, potentially breaking a year-long...

Tax debates in Nigeria could fuel violence

1 day - 18 October 2021 | Economics

PATRICK MARKEYA legal battle between Nigeria's government and states over sales tax is fuelling fierce debate about federalism in Africa's most populous country as politicians...

Latest News

Vehicle prices locally on a...

13 hours ago | Economics

PHILLEPUS UUSIKUGlobal shipping constraints and reduced production, resulting in delayed imports, are some of the factors that are driving up vehicle prices in Namibia.According to...

Body found in Kavango River...

13 hours ago | Crime

KENYA KAMBOWE RUNDUThe body of Engidius Kayanguya (35) from Rundu’s Sauyemwa township was found floating in the Kavango River last Monday with...

Church, civil society butt heads...

13 hours ago | Health

JEMIMA BEUKES WINDHOEKThe Voices for Choices and Rights Coalition wants abortion to be legalised up to the seventh month of pregnancy,...

PHOTO OF THE WEEK

13 hours ago | Picture Gallery

Miss Namibia 2021, Chelsi Shikongo, and her runner-up, Annerrie Maré, both received cars to help them fulfil their duties. For the first time since Pupkewitz...

Blowing out somebody else’s candle...

13 hours ago | Youth

Emilie MandumeThe ‘We Care’ project was established under the School of Destiny Association (SODA) Consultancy and launched in February 2021. The initial aim is to...

The learners of Pro-Ed Academy...

13 hours ago | Opinion

Ceara SinclairI’m a grade 8 learner and I like to make bullet points on my notes as it helps me remember stuff easily. I also...

Save the economy by getting...

13 hours ago | Economics

STAFF REPORTERSpeakers at the ‘Pandenomics’ webinar recently hosted by Nedbank Namibia and Simonis Storm, and supported by Nedbank Business Banking and Nedbank Private Wealth, have...

Isolation rape case transferred to...

13 hours ago | Justice

ADOLF KAURE SWAKOPMUNDGlenn Clifford Leister (27) made another brief appearance before the Swakopmund Magistrate’s...

EDITORIAL: Open-minded debate needed

13 hours ago | Opinion

The current abortion debate is filled with emotion, often revolving around moral, legal and religious arguments.The sides involved are the self-described "pro-choice" and "pro-life" movements....

Load More