More funding required for startups

A senior associate at Business Financial Solutions, Hafeni Hamukoto, has emphasised the need to increase investment in African start-ups that provide unique solutions to challenges.

Some owners of startups say they have experienced difficulties accessing funding and other types of support to realise their dreams. Business Financial Solutions decided to invest in Namibia's first TEA metallurgical lab at Swakopmund, which needed massive funding in 2019.

Investors welcome to aid Namibia's youth unemployment

Any investor who would help the government alleviate unemployment among the youth and create industries in Namibia is welcome.

This was the central emphasis during a courtesy meeting between President Hage Geingob and Clemens Tönnies, a German businessman, and a delegation at State House.

The German-based Tönnies Holding company operates in the food industry around the world with eight divisions: pork and beef meat, sausages, ingredients, logistics, and others.

Government lobbies private sector for mining investment

The Namibian government will continue to lobby the private sector for investment in the mining sector.

The Minister of Mines and Energy, Tom Alweendo, says this is because of the risk factors involved and the capital required.

Addressing the two-day Mining Expo and Conference in Windhoek, Alweendo said mine exploration alone costs hundreds of millions of dollars, something the state cannot afford.

And exploration alone does not guarantee any return on investment.

TransNamib urged to integrate plan to maximise return on investment

The Parliamentary Standing Committee on Economics and Public Administration wants to see TransNamib transformed to offer services par excellence and have an integrated master plan to maximise return on investment.

The Committee was in the Otjozondjupa Region, where it familiarised itself with the dilapidated structures belonging to the parastatal.

The oversight visit follows recommendations to TransNamib by the Ministry of Works and Transport and stakeholders to introduce a master plan integrating air, road, rail, and maritime transportation modes.

Namibia, South Africa urged to boost trade and investment

Namibia and South Africa have been urged to boost trade and investment and foster stronger business partnerships to address economic challenges and alleviate poverty in both countries.

Namibia and South Africa have a longstanding history of trading relations, primarily due to their economic integration and geographical proximity.

During the period from 2015 to 2017, South Africa maintained a trading balance of N$30 billion per year with Namibia. In the past year, the total trade between the two countries reached N$67.1 billion, encompassing both imports and exports.

Business personalities from India explore investment opportunities in Namibia

A group of business personalities from India are in Namibia to explore investment opportunities.

The group of investors arrived in the country on Wednesday at the invitation of the Namibia Investment Promotion and Development Board (NIPDB).

Their businesses specialise in various sectors such as water, pharmaceuticals, manufacturing, fisheries, and aquatic resources, as well as other health sector products.

NIPDB CEO and Chairperson Nangula Uaandja welcomed the delegation and expressed appreciation for their prompt and positive response to the invitation.

Investing in sexual and reproductive health critical for long-term development: Kanem

Investing in sexual and reproductive health is a critical investment in long-term development and achieving a world in which every woman, girl, and young person may reach their full potential.

Natalia Kanem, Executive Director of the United Nations Population Fund (UNFPA), stated in a press statement issued on Thursday in commemoration of World Health Day that this year's theme calls on the world to take necessary actions to address health challenges today and in the future.

Economist Mally Likukela warns of social protection slant towards elderly

Local economist Mally Likukela says that even though Namibia's investment in social protection is relatively high, assistance is largely geared toward the elderly.

The economist says it's about time the country looked into prioritizing the fastest-growing age group, the youngsters.

Old age, disability, veterans, foster care grants, child maintenance, and vulnerability grants are just some of the more than 30 social programs considered to be instruments of social protection to eradicate poverty and reduce inequalities.

MTC reports N$52,9 million in 2022 revenues

The Mobile Telecommunications Company (MTC) achieved profitable growth and increased its infrastructure investment during 2022 as its customer-centric digital transformation strategy delivered value.

The company's revenue has grown from N$25,6 million in 2021, to N$52,9 million in 2022. 

MTC achieved satisfactory growth in revenues from its traditional operations, with increased revenue from prepaid services more than compensating for lower postpaid revenue.