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Africa / Page 8
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 […]
Morocco Partners With Other African Nations On Food Security
By: Sonja Smith The Moroccan Speaker of the House of Councillors, Enaam Mayara, says the Kingdom of Morocco is working on investing with many African countries, in order to enhance continental food security for its citizens. Mayata, was speaking as a guest at the official opening of the second ordinary session of the Pan-African Parliament […]
Namibia Exports N$2 Billion Diamonds In Feb …Precious stones, fish help cut back trade deficit
By:Staff writer Diamonds were Namibia’s largest exported commodity at N$2.0 billion in February. This accounted for 24.7% of all exports for the month, and mostly destined to Botswana, Belgium and the United Arab Emirates. Overall exports increased by 3.8% from the N$7.8 billion recorded in January 2023. Additionally, exports increased by 1.6% from N$8.0 billion […]
Osino Partner Announces New Lithium Discovery And Phase 1 Drilling Results At Omaruru Lithium Project
By:Staff writer Osino Resources Corp. on Friday provided an update on its majority-owned Omaruru Lithium Project in central Namibia following the completion of a Phase 1 Reverse Circulation drill programme by Prospect Resources Limited. Osino entered into an Earn-In and Shareholder Agreement with Prospect in Q4 2022 whereby Prospect can earn up to 51% and […]
Namibia, Botswana Launch 24-Hour Operation At Border Posts To Boost Trade
By:Fransina Nghidengwa Namibia and Botswana on Saturday launched the 24-hour operation at Trans-Kalahari/Mamuno border posts, which is expected to boost trade between the two countries. Speaking at the launch event, Minister of Home Affairs, Immigration, Safety and Security Albert Kawana highlighted the benefits of the new policy for the business community, stating that the new […]
Swakopmund, Windhoek And Walvis Bay Tops Millionaire City List
By:Justicia Shipena Swakopmund has emerged as one of the wealthiest cities in Namibia for the past 10 years in terms of wealth growth. This is according to the Africa Wealth Report for 2023 which highlighted Namibia’s major cities by the number of resident millionaires and compared their relative wealth growth rates over the past 10 […]
Young MPs Say Numbers Of Announced Recruitments Won’t Solve The Unemployment Crisis …claims Geingob only cares about oil deals and foreign direct investments
By:Justicia Shipena Young members of parliament have expressed their disappointment in President Hage Geingob’s reaction on the youth unemployment matter. While some have labelled it as “not brave”, others have expressed that the number of recruitments for the Namibian Police or Defence Forces will not solve the issue. Geingob, during his State of the Nation […]
NIPDB Eyes N$50 Billion Through Resident By Investment Programme
By:Hertha Ekandjo, Nguriye Katusuva Namibia should look for investors that will set up manufacturing bases to allow for production of its natural resources and minerals from raw materials to finished goods. This was the view of economist and former interim Agro-Marketing and Trade Agency (Amta) Managing Director Solomon Hei on the Residence by Investment Programme […]
Africa Youth Bulge, A Demographic Dividend
By:Nghiinomenwa-vali Erastus Africa has the youngest population in the world with 22.7% of the world’s total youth population of which 454.5 million are between 15 and 34 years. This was said by Wamkele Mene, Secretary-General AfCFTA Secretariat, in his opening remarks at the First African Union Youth Town Hall Meeting on the margins of the […]