Justicia Shipena Minister of Industrialisation and Trade, Lucia Iipumbu, says the cooling sector has the potential to drive innovation, create jobs, and foster economic growth. Iipumbu who spoke during the stakeholder consultations on the draft Special Economic Zone (SEZ), National Informal Economy, Startup and Entrepreneurship Development Policy (NIESED), Namibia Investment Promotion and Facilitation Bill, […]
By: Justicia Shipena Economists anticipate the Bank of Namibia’s Monetary Policy Committee (MPC) to maintain the repo rate at 7.75% due to the substantial rate difference compared to South Africa. Robert McGregor, an economist at Cirrus Capital said after South Africa chose to maintain its repo rate at 8.25 percent, Namibia would not have […]
By: Justicia Shipena Namibia’s trade with Mercosur, the Southern Common Market, currently stands at just two percent. Mercosur, is a South American trading alliance comprising Argentina, Brazil, Paraguay, and Uruguay, which aims to promote free trade and facilitate the unrestricted flow of goods, individuals, and money. During a meeting with a 10-member delegation from […]
By: Justicia Shipena Vivian Sanmartin, the Brazilian ambassador to Namibia, expressed optimism about potential collaboration between Namibia and Brazil in the green hydrogen sector. This aligns with Namibia’s ongoing development of a green hydrogen project within the Tsau/Khaeb National Park, led by the government and Hyphen Energy. Scheduled to commence operations in late […]
By: Justicia Shipena The Environment Investment Fund (EIF) is planning to launch a concessional loan facility aimed at empowering youth entrepreneurs engaged in green initiatives, with plans to scale up to N$300 million by the 2024/2025 fiscal year. EIF’s Chief Executive Officer, Benedict Libanda, revealed that in the previous fiscal year, the facility had […]
By: Justicia Shipena Namibia Breweries Limited (NBL) is embarking on a journey towards utilising 100% green energy in its brewing operations, with the aim of achieving zero waste to landfill by the upcoming year. Currently, NBL relies on 80% green energy for its brewing processes following the conversion of its thermal energy. While […]
By: Justicia Shipena While Windhoek Draught maintains its position as the leading brand in Namibia, it has seen a decline in its market share. Peter Simons, Managing Director of Namibia Breweries Limited (NBL), revealed this information during the company’s financial results announcement for the six-month period ending in December 2023. Simons attributed the loss […]
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced an extension of its Annual Duty Penalty Waiver Programme for an additional three months, now ending on 30 June 2024. The initiative launched late last year offers a 100% waiver on penalties and additional fees payable by businesses between 2012 and […]
By: Justicia Shipena Digital currency will only be introduced in the country when the central bank is fully convinced that such a move will not jeopardise the security and stability of the Namibian economy. The Central Bank’s Governor Johannes !Gawaxab reiterated this stance during the unveiling of the modified N$100 note in Luderitz, […]
By: Justicia Shipena Former Secretary-General of the Namibia Football Players Union, Olsen Kahiriri, now a sports analyst, has voiced concerns regarding the Namibia Football Association (NFA), alleging that it has used the country’s name to intimidate and mistreat national football team players. Kahiriri’s remarks stem from the treatment of Brave Warriors players following […]