The Brief Live Nam

Customers owe NamWater over N$2 billion NamWater's trade debtors surged to N$2.062 billion as of 31 March 2024, a significant 18% increase from the previous year, the company’s integrated report shows. According to the report, 50 of the 55 local authorities rely on NamWater for water, but payment delays from these authorities, driven by economic challenges and rising default rates, have significantly contributed to the Corporation’s increasing trade debts. Despite efforts to address this, the consistent failure to settle monthly consumption remains a major issue. https://lnkd.in/dBhA4ghF #namibia #namwater #debt

Bank of Namibia | YEAR IN REVIEW The Bank of Namibia released the December 2024 Quarterly Bulletin highlighting that the economy moderated, originating from the primary industry, specifically within the agriculture and mining sectors. Namibia's inflation rate slowed quarterly and yearly, to 4.1 percent both quarter-on-quarter and year-on-year in the third quarter of 2024, from 4.8 percent in the previous quarter. Moreover, the stock of international reserves declined marginally on a quarterly basis to N$57.1 billion, primarily due to the exchange rate appreciation. Find the December 2024 Quarterly Bulletin here: https://bit.ly/4fulJbY #QuarterlyBulletin2024 #EconomicGrowth

Agribank salary-backed loans create over 600 jobs The Agricultural Bank of Namibia's (Agribank) salary-backed loan programme has created approximately 680 jobs for smallholder farmers and entrepreneurs in the country over the past four years. Agribank Manager for Research and Product Development Indileni Kuna Nanghonga said the initiative, which has disbursed N$45 million in loans to 272 clients, requires no traditional collateral, with repayment secured directly through borrowers' salaries. https://lnkd.in/dM64V4wv #namibia #agriculture #farming #jobs #farmers #entrepreneurs

Bank of Namibia | YEAR IN REVIEW The Bank of Namibia released the December 2024 Quarterly Bulletin highlighting that the economy moderated, originating from the primary industry, specifically within the agriculture and mining sectors. Namibia's inflation rate slowed quarterly and yearly, to 4.1 percent both quarter-on-quarter and year-on-year in the third quarter of 2024, from 4.8 percent in the previous quarter. Moreover, the stock of international reserves declined marginally on a quarterly basis to N$57.1 billion, primarily due to the exchange rate appreciation. Find the December 2024 Quarterly Bulletin here: https://bit.ly/4fulJbY #QuarterlyBulletin2024 #EconomicGrowth

Namibia retains AGOA benefits following U.S. review The United States has confirmed that Namibia will retain its eligibility for the African Growth and Opportunity Act (AGOA) benefits, alongside 31 other African nations, following the program's annual review. According to Sam Michel , Spokesperson for the Office of the U.S. Trade Representative (USTR), President Joe Biden approved the decision to maintain the current list of eligible countries for 2025 after a comprehensive review process, which included a public hearing held in July, chaired by the USTR. https://lnkd.in/dG_BUrMF #namibia #AGOA #US #trade Namibia Investment Promotion and Development Board (NIPDB) Ministry of Industrialisation and Trade Namibia Trade Forum

Adverse weather drives 26.6% decline in local crop production Namibia's local crop production plummeted by 26.6% to 14,633 tonnes during the third quarter, compared to the same period in 2023. Local production of crops declined year on year and quarter on quarter due to unfavourable weather conditions that negatively impacted domestic crop production during the quarter under review, revealed Bank of Namibia (BoN). In its Quarterly Bulletin, the bank noted that the decline was reflected in the reduced production of all monitored crop types namely, white maize and pearl millet. https://lnkd.in/df5YecSE #namibia #maize #weather #millet

This holiday season, The Brief invites you to dive into the Property Buyers Guide – your ultimate resource for navigating the home buying process. In partnership with FNB Namibia, we’ve covered everything from home loan applications to approvals, conveyancer fees, and more. Don’t miss out – catch up now and get ready for Part 2, coming in 2025! Click https://lnkd.in/dwuy33WB to watch. #FNBNamibia #property #namibia #mortgage

Holiday heroes: Building morale for essential workers during festive times By Junias Erasmus The festive season, while a time of joy and celebration for many, brings unique challenges for organizations that must remain operational. Essential services such as media, healthcare, law enforcement, retail sales workers, and other critical sectors cannot close their doors, requiring employees to work while others enjoy the season with their loved ones. For organizations to maintain high levels of service during this period, enhancing employee morale becomes a vital priority. https://lnkd.in/dgaHXWtA #namibia #holidays #workers