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Africa / Page 8
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 […]
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 […]