By: Justicia Shipena The pressing need for affordable housing in Namibia is creating both opportunities and challenges for the construction sector, according to economic researcher Halleluya Ndimulunde of Simonis Storm Securities. This comes in light of the City of Windhoek’s authorization of 192 construction plans in February 2024, marking a significant increase from […]
By: Justicia Shipena President Nangolo Mbumba has emphasised that the funds injected into the Welwitschia Sovereign Wealth Fund are earmarked for future use, safeguarding wealth for generations to come. Mbumba said utilising the money now would jeopardise the future wealth for generations to come. Speaking during his first State of the Nation Address (SONA), […]
By: Justicia Shipena The Namibia Chamber of Commerce and Industry (NCCI) has expressed its satisfaction of the 2024/25 national budget, presented in parliament last month. NCCI president Bisey /Uirab noted that the budget reflects a consideration of the concerns and proposals put forth by the business community. He particularly highlighted the tax policy […]
By: Justicia Shipena Mines and Energy Minister Tom Alweendo stresses that Namibia’s oil and gas local content policies face a high chance of failure without locally minded, creative, and motivated entrepreneurs who are willing to invest in acquiring the skills necessary for success. Alweendo made these remarks while reflecting on his participation in […]
By: Justicia Shipena Environment Minister Pohamba Shifeta says retailers charging above the mandated price for plastic bags can positively impact sustainability efforts. According to Shifeta, this practice serves as a positive influence by discouraging individuals from disposing of plastic bags and instead encourages their reuse. In 2019, the government introduced a plastic levy, imposing […]
By: Justicia Shipena The repercussions of the Fishrot corruption scandal continue to haunt numerous former fishermen and fisheries workers in Walvis Bay, as revealed in a recent report by the Institute for Public Policy Research (IPPR). This comprehensive study meticulously documents and elucidates the human rights consequences of the Fishrot scandal on ordinary […]
By: Justicia Shipena Zimbabwe has been urged to tackle its governance challenges as a crucial step towards revitalising its economy and fostering trade relations with Southern African Development Community (SADC) nations, including Namibia and others. International Relations Analysts, Marius Kudumo, emphasised that despite the recent lifting of sanctions by the United States, Zimbabwe […]
By: Justicia Shipena Russian-linked mining company, Headspring Investments has been accused of contravening drilling regulations that required the company to properly seal and grout numerous boreholes it drilled since 2012. Headspring Investments is a subsidiary of Uranium One which is controlled by Russia’s state-owned nuclear energy conglomerate, Rosatom. Headspring holds eight Exclusive Prospecting […]
By: Justicia Shipena Namibia Hydrogen Fund Managers (Pty) Limited (Nam-H2), a subsidiary of the Namibia Green Hydrogen Programme (NGHP), has successfully secured just under N$19 million (equivalent to approximately US$1 million) in funding. Green Hydrogen Commissioner James Mnyupe revealed this during an update on the green hydrogen programme on Thursday. Mnyupe specified that […]
By: Justicia Shipena Agriculture Minister Calle Schlettwein has expressed concern that the already struggling green schemes projects are unlikely to achieve their full production capacity due to the latest budget allocation. Schlettwein says one of the factors which have been affecting production at green schemes was the persistent resource constraints. He made these comments […]