Month: September 2018

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Motorists should brace for more fuel increases – Schade

WINDHOEK – Following yesterday’s 40 cents per litre fuel increase for petrol and diesel, a local economist has cautioned motorists to brace for further increases. According to Klaus Schade, a Research Associate at the Economic Association of Namibia, more pressure can be expected on local fuel prices mainly due to the continued depreciation of the Namibian Dollar coupled with global oil supply uncertainties. 

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SA’s technical recession means more domestic fiscal woes

WINDHOEK – Local economic analysts have cautioned that South Africa’s technical recession could have serious implications for Namibia’s sovereign credit ratings recovery efforts, will in all likelihood exert increased pressure on already declining disposable incomes and is expected to result in decreased Southern African Customs Union (SACU) revenue which will mean more domestic fiscal constraints. South Africa’s economy slide into a technical recession as it shrunk 0.7 percent in the second quarter. The downturn, which was South Africa’s second consecutive quarter of negative growth, was driven by contractions in agriculture, transport, trade and manufacturing industries.

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Hail the mortal remains but wither reparations

Last Friday - like on many other similar occasions before - saw a solemn event during the official reception of the third repatriation of the mortal remains of those who perished in the wars of resistance, and ultimately in the resultant 1904-1908 genocide. 

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Ties with China anchored on mutual respect

On behalf of Namibian, I wish to express my utmost gratitude to Chinese President Xi Jinping, the government and the fraternal people of the People’s Republic of China, for the warm hospitality extended to us during our visit to the FOCAC Summit in China.

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Why the best time to invest in Africa is now!

Africa is the most profitable region in the world. A report by the UN Conference on Trade and Development states that between 2006 and 2011, Africa had the highest rate of return on inflows of Foreign Direct Investment: 11,4 percent.
This is compared to 9,1 percent in Asia, 8,9 percent in Latin America and the Caribbean.

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Church has a role to mitigate GBV – Kapere

WINDHOEK - Violence being perpetuated against women and children is persistent because of complacency in all levels of leadership, including the church leaders to address the root causes of such violence, according to the former secretary-general of the Council of Churches (CCN), Reverend Maria Kapere.

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Retired general donates laptops to school

NGOMA - Retired Brigadier-General Fredrick Siluzungila whose last call of duty was as military advisor at the UN headquarters in York, USA recently donated soccer balls, netballs, uniforms and laptops worth over N$20 000 to Ngoma Primary and Isuswa Junior Primary School in Zambezi Region.

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Employee fired for opening case against NIMT boss

WALVIS BAY - A training officer at the Namibian Institute of Mining and Technology (NIMT), Keetmanshoop campus, Onno Nghidileko was fired last week Monday by the institution, whose planned retrenchment of 40 employees was put on hold after the line ministry intervened.