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Business / Page 14
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 […]
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 […]