Economy

Economy (202)

President Hage Geingob says the country is set to get a N$100 million boost from concession fees from the energy firm awarded rights to construct Namibia’s inaugural green hydrogen projects.

The Ministry of Mines and Energy has announced that it will keep fuel prices for January 2022 unchanged.

The United States will lift its travel ban imposed on Namibia and other countries in southern Africa at midnight on December 31, reversing restrictions imposed last month to combat the spread of the Omicron variant.

Namibia has recorded a trade deficit of N$8.1 billion in the third quarter after exporting goods and services worth N$13.4 billion while import of goods and services stood at N$21.5 billion, the country’s statistical agency has said.

Namibia’s economy grew by N$1.1 billion in Q3, recording a 2.3% growth compared to a decline of 12.3% recorded in the corresponding quarter of 2020, latest official figures show.

Namibia’s November annual inflation rate increased by 4.1% compared to 2.2% recorded in November 2020, the Namibia Statistics Agency (NSA) has announced.

The Erongo Region has more land allocated for residential plots compared to other eight regions surveyed, Namibia Statistics Agency (NSA) said on Tuesday in its Namibia preliminary urban land statistics report.

WFP,EIF sign MoU

December 14, 2021

The World Food Programme (WFP) and Environment Investment Fund (EIF) recently signed a Memorandum of Understanding to collaborate on the management of Programmes under the Sustainable Development Goals (SDGs): 2 (Zero Hunger), 13 (Climate Action) and 17 (Partnerships).

Namibia’s financial system is under threat from the impending COVID-19 fourth wave coupled with vaccination hesitancy and rising government debt, the central bank has warned.

Cabinet has approved the reinstatement of medical aid benefits for 15 162 retirees who had their membership cancelled after failing to comply with government regulations for re-registration of the Public Service Medical Aid Scheme (PSMAS) after retirement.