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Business / Page 14
Two Hours in the Life of a Scrap Metal Hunter
By: Mathias Hangala In an bid to understand the daily realities of Katutura’s informal settlements, particularly among scrap metal collectors, a group of researchers embarked on a journey of observation and investigation. For these collectors, every day is a precarious balance between having enough to eat and going hungry. They traverse long […]
Local Food Prices Show a Decline
By: Staff Writer Inflation rates across all regions of Namibia decelerated in February 2024, with the country’s annual inflation rate for the month standing at 5.0% year-on-year (y/y), down from 7.2% recorded in February 2023 and 5.4% in January 2024. The Namibia Statistics Agency (NSA) reports that food and non-alcoholic beverages, accounting for […]
Namibia’s Imports Surge by N$3 Billion
By: Hertha Ekandjo Namibia’s imports surged by N$3 billion, widening the country’s trade deficit by N$1 billion between December 2023 and January 2024, according to the Namibia Statistics Agency (NSA). The trade gap expanded after Namibia exported goods worth N$12 billion in January 2024, a notable 9.4% increase from N$10.9 billion recorded in […]
Namibia to Mirror Angola’s Oil & Gas Industry Approach
By: Staff Writer President Nangolo Mbumba says Namibia will adopt Angola’s model for oil and gas development. Mbumba made this declaration at the conclusion of his one-day official visit to Angola on Tuesday. The visit culminated in a tour of Sonangol Integrated Logistic Services (SONILS) at the Port of Luanda, where Mbumba familiarised […]
Oshikango Business Activities Continue on the Decline
By: Juliana Iikela Once renowned as one of the country’s bustling border towns, Oshikango has been experiencing a significant downturn in business activities, signalling challenging times for local entrepreneurs and vendors. The vibrant atmosphere that once characterised the town has waned, leaving small businesses and street vendors grappling with the aftermath. The Villager’s […]
70% of Namibia’s Pork Imports Originated from Germany in January 2024
By: Nghiinomenwa-vali Erastus Namibia imported 431,250 kg of pork in January 2024 to meet local consumption demands, according to monthly statistics compiled by the Livestock and Livestock Products Board of Namibia. The data revealed that 70.8% of the imported pork, also known as pig meat, originated from Germany. Following Germany were South Africa […]
Namport, TIL N$4.2 Billion Deal Nears Conclusion
By: Hertha Ekandjo The Namibian Ports Authority (Namport) is currently in the final stages of negotiating the last details of its 25-year, N$4.2 billion management deal with Terminal Investment Limited (TIL). Last year in November, Namport’s Chief Executive Officer (CEO), Andrew Kanime, informed the media that negotiations were approximately 95% complete. Responding to recent […]
Green Hydrogen Projects Boosted With N$19 Million Funding… green industrialisation blueprint set for Cabinet presentation in March
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 […]
China’s Yintai Gold Acquires Osino Resources for N$5.2 Billion
By: Staff Writer Chinese mining company Yintai Gold has emerged as the foreign entity that persuaded Osino Resources to abandon Dundee Precious Metals’ N$4 billion takeover offer in favour of its superior N$5.2 billion cash acquisition. Yintai Gold’s acquisition marks another significant Chinese presence in Namibia’s natural resources sector, joining Beifang at […]
NAMDIA Commits N$500k to Cleft Palate Reconstruction Program
By: Hertha Ekandjo Over the past three years, the Namdia Foundation has dedicated half a million Namibian dollars to support a Cleft Palate Reconstruction program aimed at assisting Namibian children in need of corrective surgery. In a continuation of their support, the Namdia Foundation recently donated N$250,000 for the second time since 2022 to […]