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Cost Of Living In Namibia
The cost of living in Namibia is very high. Namibia imports about 50% of its cereal requirements. Many other items used in daily life also need to be imported. High transportation costs make prices very high and unaffordable. Monopolies in some business sectors causes higher profit booking, which also results in raising of prices. For example, the price (in 2013) of electricity for domestic consumers in Windhoek for post-paid consumers was 1.08 N$ per unit (KWH) added with ECB levy of 0.0150 N$ per unit and NEF levy of 0.0102N$ per unit, with a fixed cost based on load added to the bill. Consumers who have prepaid metering units paid 1.57 N$ per unit of electricity, with an added ECB levy of 0.0150 N$ per unit and NEF levy of 0.0102N$ per unit. The price of gasoline was ~13 N$ per liter, and the price of liquid petroleum gas (LPG) was ~8 N$ per liter. Rent for a family accommodation may exceed 12000 N$ per month in safe urban locations. The price of a 1 litre water bottle is ~15 N$ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibia
Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and east. Although Kazungula, it does not border Zimbabwe, less than 200 metres (660 feet) of the Botswanan right bank of the Zambezi, Zambezi River separates the two countries. Namibia gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek. Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU) and the Commonwealth of Nations. The driest country in sub-Saharan Africa, Namibia has been inhabited since pre-historic times by the San people, San, Damara people, Damara and Nama people. Around the 14th century, immigration, immigrating Bantu peoples arrived as part of the Bantu expansion. Since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Windhoek
Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a registered commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients in Namibia which include personal, Small and Medium-sized Enterprises (SMEs), commercial accounts and financial products. Bank Windhoek also offers foreign exchange services throughout its branches and through a joint venture with American Express, which has various outlets in Namibia. While being an autonomous Namibian company, the bank also provides international banking services through direct liaison with financial centres and institutions worldwide. Branch network and localised ATMs Bank Windhoek has the largest branch network and footprint across Namibia. As of June 2022, it has 51 branches, agencies and specialist branches countrywide. The bank also has a corporate and institutional banking division with offices in Windhoek, Oshakati and Walvis Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First National Bank (South Africa)
First National Bank (FNB; af, Eerste Nasionale Bank (ENB)) is one of South Africa's " big four" banks. It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE), under the symbol: FSR. FNB is also listed on the Botswana Stock Exchange under the symbol FNBB and is a constituent of the BSE Domestic Company Index. Overview FNB is one of the three major divisions of the FirstRand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey. FNB is also actively pursuing expansion plans in Angola and Nigeria Media reports in May 2012, indicated that the bank is also making plans to expand into Kenya, Rwanda and Uganda. History FNB is the oldest bank in South Africa. It traces its origins back to the ''Eastern triocree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nedbank
Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. Nedbank Limited is a wholly owned subsidiary of Nedbank Group. Nedbank's primary market is South Africa. Nedbank also operates in six other countries in the Southern African Development Community (SADC), through subsidiaries and banks in Eswatini, Lesotho, Malawi, Mozambique, Namibia and Zimbabwe, as well as offices in Angola and Kenya. Outside Africa, Nedbank have offices to provide international financial services for Africa-based clients in Guernsey, Isle of Man, Jersey, the United Kingdom and the United Arab Emirates. Nedbank is headquartered in Johannesburg. History The bank was founded in 1888 in Amsterdam as the ''Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika'' ("Dutch Bank and Credit Union for South Africa"). In the same year, the bank opened an office in Church Street, Pretoria, South ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Namibia Economist
The ''Namibia Economist'' is a Namibian newspaper published digitally that focuses on local business and financial topics. It is published exclusively in English English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ide ..., Daniel Steinmann is the editor. First published in 1991 it appeared as a printed monthly newspaper. ''Namibia Economist'' published its last printed edition on 25 November 2016. The web site was established in 2001 and continues. References {{reflist External links Official web site Online publishing English-language newspapers published in Namibia Weekly newspapers published in Namibia Newspapers established in 1996 1996 establishments in Namibia Finance & Investment articles by quality ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Namibia
The government of Namibia consists of the executive, the legislative and the judiciary branches. The Cabinet is the executive organ of government, implementing the laws of the country. It consists of the president, the prime minister and his deputy, as well as the ministers. The legislative organs of government are the National Council and the National Assembly. They make the laws of the country. The judiciary organs of government are the courts. The highest court of Namibia is the Supreme Court. There are also the high courts and lower courts. The Namibian government is partly centralised and partly regional. In the executive branch, central government consists of ministries, offices and agencies, whereas regional government consists of regional councils, and constituencies within these. The legislation is centralised in the lower house (National Assembly), and regional in the upper house (National Council). The judiciary is centralised in the Supreme Court, whereas high cour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Era (Namibia)
The ''New Era'' is a daily national newspaper owned by the government of Namibia. The newspaper is one of four daily national newspapers in the country, the others being ''The Namibian'' (English and Oshiwambo), ''Die Republikein'' (Afrikaans) and '' Allgemeine Zeitung'' (German). ''New Era'' was created by the ''New Era Publications Corporation Act of 1992''. According to Ullamaija Kivikuru, it copied the format of ''The Namibian'' in order to establish credibility. The two newspapers still resemble each other in having long stories spread over several pages. ''New Era'' has a usual circulation of 9,000, going up to 11,000 on Fridays.Rothe, ''Media System and News Selections in Namibia'', p. 23. It was established as a weekly newspaper and was later published only bi-weekly. It has appeared daily since 2004. ''New Era'' is published in English and five indigenous languages: Otjiherero, Oshiwambo, Damara/Nama, Silozi, and Khwedam. ''New Era'' is published by the New Era Public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Namibia
This is an overview of taxes charged to individuals and companies in Namibia. Income Tax Personal income tax is applicable to total taxable income of an Individual and all individuals are taxed at progressive marginal rates over a series of income brackets. The tax year runs from 1 March to 28 February. Tax rates for the 2010–2011 to 2012–2013 tax years were as follows: Tax rates proposed for the 2016–2018 tax year are as follows: Income tax is typically withheld by the employer. Individuals are responsible for submitting a tax return form to the Receiver of Revenue once a year. Individual taxpayers are categorised into three groups each submitting a different colour tax return. There are brown, blue and yellow forms. Value Added Tax A 15% Value added tax (VAT) is applicable to almost every commodity. Basic commodities like sugar, bread etc. are exempted from VAT. See also * Cost of Living in Namibia The cost of living in Namibia is very high. Namibia imports abou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Namibia
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers and a considerable number of well-trained professionals and managerials. Overview Namibia is a higher-middle-income country with an estimated annual GDP per capita of US$5,828 but has extreme inequalities in income distribution and standard of living. It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. Only South Africa has a higher Gini coefficient. Since independence, the Namibian Government has pursued free-market economic principles designed to promote commercial development and job creation to bring disadvantaged Namibians into the economic mainstream. To facilitate this goal, the government has actively courted donor assistance and foreign investment. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
