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AfCFTA Must Integrate Climate Protocols to Bolster Africa’s Resilience
By: Nghiinomenwa-vali Erastus African countries have been urged to strengthen their commitment to the Africa Continental Free Trade Area (AfCFTA) agreement by introducing environmental protocols to address climate challenges effectively. Already struggling with other macroeconomic challenges such as poverty and unemployment, Africa is also one of the continents vulnerable to climate change challenges. […]
Hyphen Gets N$95 Million Funding For Green Hydrogen
By: Justicia Shipena Hyphen, the company piloting the development of green hydrogen in Namibia has secured funding amounting to about N$95 million to propel engineering, environmental, and socioeconomic development initiatives associated with its projects. This followed the finalisation of a funding partnership agreement between Hyphen Hydrogen Energy and the Development Bank of Southern Africa (DBSA). […]
Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments in healthy oceans and blue economies aligned with Sustainable Development Goal 14 (SDG 14). Kelp […]
Namibia’s SACU Membership Under Scrutiny Amidst Geingob’s Critique
By: Justicia Shipena In the aftermath of President Hage Geingob’s recent critique of the Southern African Customs Union (SACU) restrictions, questions have arisen about Namibia’s commitment to the partnership. Economist Omu Kakujaha-Matundu emphasises the necessity of a thorough evaluation before considering Namibia’s exit from SACU. Kakujaha-Matundu underscores the importance of weighing the advantages and drawbacks […]
Is Manufacturing Still the Key to African Prosperity?
By:Dwight Links Africa’s journey toward development and growth is taking an unconventional turn, deviating from the traditional path of transitioning from agriculture to manufacturing. A recent report by the Center for Global Development (CGD), a think tank based in London and Washington, delves into this shift that began around 2009, challenging the notion that manufacturing […]
Namibia Needs 400,000 Jobs to Achieve Vision 2030 Unemployment Target
By: Justicia Shipena Namibia is faced with the challenge of creating between 370,000 and 400,000 jobs within the next seven years to meet the Vision 2030 objective of reducing unemployment. This is according to economic advisor to the President and Green Hydrogen Commissioner James Mnyupe. He revealed this during the EU-Namibia Business Forum held in […]
ReconAfrica Exploration Campaign Set To Start Later This Year
By:Justicia Shipena ReconAfrica, a Canadian oil and gas firm, will begin drilling for additional wells later this year. This follows after the Office of the Environmental Commissioner in the Ministry of Environment, Forestry and Tourism granted ReconAfrica an Environmental Clearance Certificate (ECC) for a further 12 exploration and appraisal wells. “The drilling campaign will commence […]
32% of Women Experienced Physical Violence From Intimate Partners
By:Nghiinomenwa-vali Erastus The United Nations Population Fund (UNFPA) has revealed 32% of Namibian women, between the ages of 15 and 49, reported experiencing physical violence from an intimate partner at some point in their lives. This was said by the UNFPA country representative Gift Malunga at the commemoration of World Population Day and launch of […]
Namibia And The World At The Mercy Of Saudi’s Daily Barrel
By:Nghiinomenwa-vali Erastus Saudi Arabia, one of the world’s biggest crude oil producers, has pledged a new voluntary oil output cut of 1 million barrels per day for July, which could be extended further, its energy ministry said. At about 35% of the total production, Saudi Arabia is by far the largest contributor to the Organisation […]
Namcor Keen On Active Role As It Firms Up Eergy Ambitions
By Staff Writer : The National Petroleum Corporation of Namibia (Namcor) has set its sights on being more than just a passive partner in its burgeoning upstream sector. The state company is seeking to buy into assets beyond Namibia and intends to start operating its own fields in the near future. Namcor is looking to […]