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Pressing Housing Needs Present Both Opportunities and Challenges for Construction Sector
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 […]
Promote Indigenous Products for Tourist Appeal – NTB
By: Hertha Ekandjo The Namibia Tourism Board (NTB) says there is a need for product development in Namibia, which must include adding value and packing traditional products ready for the international markets. NTB’s board member Maggy Mbako, who made the call, emphasised the importance of product development to expand opportunities within the tourism […]
Business Community Welcomes 2024/25 Budget
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 […]
UNAM Vendors Appeal for Stalls Amid Clashes with Police
By: Mathias Hangala & Hertha Ekandjo Around 20 street vendors, predominantly women, who rely on selling their goods near the University of Namibia (UNAM) to make a living, are expressing frustration over what they perceive as unfair treatment by the City of Windhoek’s (CoW) police. According to the vendors, City Police officers have […]
O&L Group Acquires Dimension Data in Namibia
By: Staff Writer The Ohlthaver & List (O&L) Group has announced the acquisition of Dimension Data in Namibia, a move set to redefine the country’s information and communication technology sector. O&L’s acquisition of the remaining 49% of shares in Dimension Data Namibia, in addition to its existing interests, consolidates its position as a […]
Namibia Missing Out on Low-Hanging Fruit in Space Science Sector
By: Dwight Links Namibia’s involvement in the space science sector is currently limited and the country is missing out on potential economic activities and technological benefits associated with the sector. To address this gap, the Ministry of Higher Education and the National Commission on Research, Science, and Technology (NCRST) last week launched the […]
Farmers Urged to Plant More Fruits for Import Substitution
By: Ludorf Iyambo Namibia has spent N$142 million on fruit imports in just nine months (April-December 2022), presenting a significant opportunity for local farmers and investors. Tangeni Hangula, a fruit development officer from the Namibia Agronomic Board (NAB), revealed these import expenditure figures during a meeting with crop producers and tree seedling suppliers […]
Chinese Firm Acquires Dundee’s Tsumeb Smelter
By: Staff Writer A subsidiary of the China-based mining company Sinomine Resource Group has finalised the purchase of Dundee Precious Metals’ Tsumeb specialty smelter for N$917 million. The acquisition encompasses all associated assets and liabilities, achieved through the transfer of all issued and outstanding shares indirectly held by Sinomine. “We are pleased to announce […]
Govt Allocates 40 Hectares for Sunflower Oil Seeds Production
By: Nghiinomenwa-vali Erastus The government has allocated approximately 40 hectares for sunflower production, specifically at the Shadikongoro and Sikondo Green Scheme Irrigation Project, aimed at cultivating sunflower seeds for cooking oil. According to updates from the Ministry of Agriculture, Water and Land Reform (MAWLR), the expected harvest per hectare ranges from 1 to […]
Shifeta Pleased With Retailers Overcharging For Plastic Bags
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 […]