Economy (712)

“I don’t want this to be a big thing. The guy apologised. It is fine! I don’t want him to get fired. If the manager wants to deal with it, maybe they should just give him a warning. He is already unstable, if he gets fired, he might harm me”.The above statement was recently made by a lady at a local gym.

The Minister of Justice Yvonne Dausab says at least N$160 million is required to fully operationalise the Witness Protection Unit, while an additional amount will still be needed for the Whistleblower Protection Office.

 The Ministry of Industrialisation and Trade (MIT) has announced its plans to conduct stakeholder consultations for the National Informal Economy, Startups, and Entrepreneurship Policy (NIESEP).

The Ministry of Finance and Public Enterprises says experts from the World Bank and the African Development Bank are assisting Namibia in establishing reforms to its procurement system using the global standard of Methodology for Assessing Procurement Systems (MAPS).

Namibia is on the cusp of an economic transformation as its budding oil industry is projected to generate N$105.9 billion (U$5.6 billion) per annum in state revenue, an official has revealed. 

The African Energy Chamber’s Board (AEC) has selected President Hage Geingob as the recipient of its 2023 Lifetime Achievement Award.

Alcoholic beverages, tobacco and hospitality industry as well as a less deflationary trend in transport inflation are now Namibia's primary drivers of headline inflation, official figures reveal.

The Ministry of Environment, Forestry and Tourism says Namibia could generate at least 1.5 billion tonnes of biomass from the 45 million hectares of the country that is bush encroached.

Nillian Mulemi, Chief Executive Officer of the Petroleum Training and Education Fund (Petrofund), has been announced as a speaker at African Energy Week (AEW) 2023, set to take place in October in Cape Town.

The growth of the Gross Domestic Product (GDP) in the Southern African Development Community (SADC) continues to diverge, while output remains below potential, leading to a high unemployment rate in the region, an official has said.

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