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Posts by Maihapa Ndjavera:
Eight contractors yesterday signed agreements with the National Housing Enterprise (NHE) towards phase one of the informal settlement upgrading project, which will see a total of 1 200 houses being constructed in Windhoek. The health ministry on Monday received a donation of personal protective equipment (PPE) worth N$2 million from Capricorn Group, Project HOPE Namibia, and FirstRand Namibia. As a task to expand its revenue optional pool to diversify its resources, the Environmental Investment Fund of Namibia (EIF) established a Resource Mobilisation Strategy as a framework for revenue generation through which it managed to mobilise about N$1.3 billion. Figures from the latest Private Sector Development Survey (PSDS) 2019/20 indicated that almost half of the businesses in which turnover was slumped experienced a decline of at least 81%. Some 90% of the survey respondents said they suffered a loss of turnover while 30% of businesses experienced a decline between 91% and 100%, while another 12% saw a turnover decline of between 81% to 90%. The Office of the President yesterday held a planning workshop for the Economic Advancement chapter for phase 2 of the Harambee Prosperity Plan (HPP). Namibia Industrial Development Agency (Nida) executive director Uparura Kuvare has denied allegations of corruption, describing the claims made by staff as a fabrication of lies and incorrect realities. Professor Anicia Peters, Pro-Vice Chancellor: Research, Innovation, and Development at the University of Namibia (UNAM), this week said Information Technology (IT) should have been considered an essential service provider in the country. Delivery of serviced land, housing and sanitation has progressed in line with the targets set over the Harambee Prosperity Plan (HPP) term, this is according to the final report of the programme for the first phase. One of Namibia’s development objectives is to reduce the costs of cross-border trade and to create a more conducive investment environment. Informal vendors still awaiting word on the open markets that were closed because they did not meet the new Covid-19 health requirements, as stipulated by the Ministry of Health and Social Services, have been advised to approach the City of Windhoek for the way forward In July 2020, Namibia’s annual inflation rate slowed to 2.1% from 3.6% recorded in July 2019 while on a monthly basis, the inflation rate remained unchanged at 0.2%. The mining industry generated N$33.524 billion in 2019 with total revenue paid to government totalling N$4.803 billion, of which 10% was distributable cash. The Namibia Housing Enterprise (NHE) has put the construction of 366 houses in Walvis Bay on hold and availed the land to the council for the decongestion of the Twaloloka informal settlement. The closing date of the scheme was 31 July 2020 and about 41 092 employees applied, of whom 18 115 were rejected for not meeting the requirements. “Risks to domestic growth are dominated by ongoing travel restrictions and lockdowns in many countries, including Namibia, restricting business activities The Bank of Namibia has made a financial contribution of N$70 million towards the implementation of the Small Medium Enterprise (SME) Financing Strategy, of which N$50 million will go directly toward the capitalisation of the Credit Guarantee Scheme. According to the beneficiaries, lack of proper documentation is one of the barriers for their businesses to benefit from government initiatives during Covid-19 pandemic. The information and communication technology sector last year generated revenue of almost N$2.7 billion from about N$454 million invested, while 7 141 people are employed in the industry. The Meat Corporation of Namibia (Meatco) says it will focus more on the new markets, including US and China, where the returns are relatively competitive. Financially struggling Namibians have turned to micro-lenders for a quick fix to their money problems amid the Covid-19 pandemic.