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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 […]
BaseCamp Facilitates Scaling-Up Funding for 40 Startups
By: Nghiinomenwa-vali Erastus BaseCamp Business Incubator, a social startup enterprise, has successfully facilitated funding for 40 Namibian startups in 2023, enabling them to scale up their businesses. The entity has provided platforms for some of the best startups they have assessed to be accelerated by raising N$50 Million Investment in start-up support from […]
Business Community Commits to Upholding Geingob’s Vision of Inclusivity
By: Justicia Shipena The business community has pledged to uphold the late President Hage Geingob’s values and vision, particularly that of ‘No One Being Left Behind.’ During a memorial service held at his residence, Casa Rosalia, business community leaders honoured Geingob on Tuesday. Conrad Dempsey, President of the Bankers Association of Namibia (BAN), […]
Nearly a Billion Spent on Vegetable Oil Imports…farmers Encouraged to Invest in Local Production
By: Nghiinomenwa-vali Erastus Namibia faces a significant shortfall in domestic vegetable oil production, leading to heavy reliance on imports to meet its domestic demand. According to data from a Market Intelligence analysis conducted by the Namibia Agronomic Board, imports of vegetable oils amounted to N$874.9 million in 2022, covering a total of […]
The Plight of the Destitute: Buy this Wooden Craft or Donate Cash
By: Mathias Hangala For months, a group of Angolan citizens has been residing near Kuryangava’s Stop ‘n Shop market area, sending their youngest members onto the streets of Windhoek to sell wooden crafts and household products, as well as to seek financial donations. Since The Villager’s last report on the group, their numbers have […]
More than Half of Namibia’s Public Enterprises Report Losses, IPPR Finds
By: Justicia Shipena Over 50% of commercial public enterprises in Namibia suffered financial losses in the last fiscal year. This was revealed in a recent report published by the Institute for Public Policy Research (IPPR). The Quarterly Economic Review (QER) for the fourth quarter of 2023, authored by independent economist Robin Sherbourne, extensively […]
Namcor Opens Police Case into Alleged Fuel Theft
By: Justicia Shipena Namibia’s National Petroleum Corporation (Namcor) has opened a theft case regarding the alleged theft of fuel estimated at a value of N$1 million. Namcor revealed this in a media statement issued on Wednesday, in which the company disclosed that the alleged fuel theft took place at the National Oil Storage Facility […]