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Khomas Consumers Pay More for Sunflower Oil
By: Justicia Shipena Consumers in the Khomas region paid the highest to acquire pure sunflower oil in December due to a surge in the prices of this essential commodity. This is according to data contained in the recently released Consumer Price Index (CPI) report by the Namibia Statistics Agency (NSA). The average retail […]
TotalEnergies to Acquire Stake Worth N$1,8 Billion in Namibia’s Oil & Gas Sector
By: Staff Writer TotalEnergies is poised to increase its stake in Namibia’s oil and gas sector with a notable deal worth N$1.8 billion. The company is set to acquire a 45.25% interest in block 2913B, home to the Venus discovery, and a 42.5% interest in block 2912. This strategic move involves the purchase […]
MTC and TASA Join Forces for Innovative Tourism Solutions
By: Dolly Menas Mobile Telecommunications Company (MTC) has entered into a strategic collaboration with the Tour and Safari Association of Namibia (TASA), aiming to revolutionize the travel and tourism sector with cutting-edge solutions. This partnership seeks to enhance the overall user experience and promote sustainable tourism growth in Namibia. In a press release, MTC’s […]
Trade Minister Urges Local Businesses to Collaborate
By: Dolly Menas Minister of Trade and Industrialisation, Lucia Iipumbu, says Namibians should start working together by forming joint ventures to be able to compete in various sectors of the economy as opposed to complaining about foreign encroachment. Iipumbu says joint ventures are the best way to strengthen local businesses and scale up competition […]
Namibia Continues to Struggle with Electricity Generation …Imports 63.5% in October
By: Nghiinomenwa-vali Erastus Namibia faced a significant energy challenge in October as the country only managed to generate 36.5% of its total electricity demand. As a result, the country imported the remaining 63.5% from neighbouring countries to meet demand. According to the Namibia Statistics Agency’s sectoral report for October 2023, this marks the third […]
Govt to Waive N$126 Million in Corporate Taxes for Skills Development
By: Nghiinomenwa-vali Erastus and Abigail Nalisa The government is set to waive N$126 million in corporate income tax revenue in an attempt to encourage employers to recruit more interns. This move, constituting 2% to 5% of corporate income tax (non-mining sector), is part of the newly launched Work Integrated Learning Youth Employment Tax Incentive. The […]
Africa’s Renewable Energy Capacity Expected to Reach 290 GW by 2035
By: Nghiinomenwa-vali Erastus Africa’s renewable capacity is predicted to reach a modest 24 GW by 2023, primarily propelled by onshore wind and solar capacity. However, a substantial increase is anticipated around 2026, with onshore wind, solar, and hydrogen capacity leading to a 55% Year-on-Year surge over 2025. This is according to the African Energy Chamber’s […]
Shebeens and Casinos in Oshana to Operate During the Festive Season
By: Ludorf Iyambo Owners of shebeens and casinos in the Oshana region will be granted permission to operate during the forthcoming festive season, marking a departure from the tradition of prohibiting the sale of alcohol on Christmas. This was announced by Oshana regional Police commander, Naftali Lungameni Sakaria this week. Lungameni said the liquor establishments […]
Angola, Nigeria Resist Oil Production Cut Plans
By: Nghiinomenwa-vali Erastus Angola and Nigeria have expressed their intent to defy the directives by the Organisation of the Petroleum Exporting Countries and Allies (OPEC+) urging member states to reduce oil production in an attempt to stabilise the market. The Ministry of Mines and Energy (MME), in its latest Fuel Price Review Announcement, confirmed this […]
Govts Grapple with Policy Trilemma – Balancing Debts, Climate, and Political Goals
By: Nghiinomenwa-vali Erastus Governments across the world are confronted with a challenging policy trilemma, navigating between achieving climate goals, maintaining fiscal sustainability, and meeting political feasibility. This is according to the Fiscal Monitor for 2023 published by the International Monetary Fund (IMF). The IMF highlighted that pursuing any two of these objectives comes at the […]