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A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found.  play_arrow Jobless Rate Surge Poses Tax Threat Leonard Witbeen The post Jobless Rate Surge Poses […]

Plans to build more than 270 low-income houses in Windhoek’s informal settlements will cost around N$93 million, according to Governor Sam Nujoma. He shared the update during the State of the Region Address covered by NewsOnOne’s Envaalde Matheus. So far, 11 new homes worth N$2.7 million have already been completed under the upgrade scheme. play_arrow Millions Earmarked for Affordable Housing Push Leonard Witbeen The post Millions Earmarked for Affordable Housing […]

Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […]

The third Oil and Gas Conference, happening from 12 to 15 August , will unite industry players, government, and partners to focus on aligning the sector with national development plans during the shift from exploration to production. Jason Kasuto is the Chairperson of the Economic Association: play_arrow August Oil and Gas Conference to Drive Alignment Leonard Witbeen The post August Oil and Gas Conference to Drive Alignment first appeared on Future […]

The International Air Transport Association says total international air travel demand climbed by 2.2% in May this year compared to May 2024, while capacity was up 2.0% and global air cargo demand also rose by 2.2%. The figures were shared by the organization’s Public and Media Relations Advisor, Linden Birns. play_arrow International Air Transport Association Reports May Cargo and Flight Demand Growth Leonard Witbeen The post International Air Transport Association Reports May […]

Entities connected to the N$480 million Namcor corruption case face fresh scrutiny as eight people implicated were denied bail in the Windhoek Magistrate’s Court on Thursday. Magistrate Olga Muharukua presided over arguments after the Anti-Corruption Commission made the arrests. The group will attempt another bail bid on Monday, 14 July. Willem Snyman  for NewsOnOne: play_arrow No Bail for Namcor Corruption Suspects as companies join the list Leonard Witbeen  The post No […]

The Anti-Corruption Commission is rolling out its Anti-Corruption Education Media Campaign today as part of African Anti-Corruption Day, themed “Promoting Human Dignity in the Fight Against Corruption.” The campaign highlights the AU Convention’s anti-corruption drive and aims to boost awareness and accountability. ACC spokesperson Josefina Nghituwamata confirmed the launch. play_arrow Anti-Corruption Day Marked with New Campaign Leonard Witbeen The post Anti-Corruption Day Marked with New Campaign first appeared on Future […]