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African Oil and Gas Exploration is Going Strong
By:NJ Ayuk Despite the call heard around the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognise Africa as their next frontier. As detailed in the African Energy Chamber’s recently released report, “The State of African […]
All Click Sounds In Names To Be Unicoded
By:Nghiinomenwa-vali Erastus The Ministry of Home Affairs, Immigration, Safety and Securitylast week indicated that it will work with the University of Namibia to identify all the undocumented clicks and special characters in languages used in the country. After identification, the clicks and special characters will be added to the Unicode Standard Identification which assigns each […]
Basecamp Namibia Welcomes FNB Partnership …to transform ideas and concepts into businesses
By:Nghiinomenwa-vali Erastus In an era of risk aversion, entrepreneurship development and incubation is critical, says Basecamp Namibia Director Jesay Hano-oshike. The Villager interviewed Hano-oshike on the partnership between First National Bank Namibia (FNB) and Basecamp which aims to continue entrepreneurship development through incubation and mentoring. FNB last month entered into a partnership with Basecamp Namibia […]
Mining Exports Generate N$26,6 Billion In Five Months …diversification remains an elusive dream
By:Nghhinomenwa-vali Erastus The extractive sector still dominates the country’s economic outlook. Mining has been dominating past and current trade statistics, as the country’s export basket refuses to change despite political intentions. For the past five months, Namibia’s top export commodities are mostly minerals, including fish. Furthermore, the Bank of Namibia (BoN) Economic Outlook for 2023 […]
New N$600 Million DBN Loan To Focus On Large-Scale ‘Green’ Projects
By: Annakleta Haikera The Development Bank of Namibia (DBN) has taken up another concessional loan from the German Development Bank, the Kreditanstallt fuer Wierderafbau (KfW) of about N$600 million ( about €30 million) for the funding of climate-mitigation infrastructure. The Development Bank of Namibia (DBN) Chief Executive Officer Martin Inkumbu said the second concessional loan, […]
Southern Africa Has An Electricity Deficit Of 9,779 MW …SA accounts for 92% of this deficit, Namibia third
By:Nghiinomenwa-vali Erastus The Southern Africa Power Pool (SAPP) has indicated that the market for electricity generation is massive as the 12 member countries have over 9,8 Gigawatts of electricity needs. Thus, many Namibian power producers are opting to fill this regional gap as it attracts better prices compared to the domestic market. The SAPP administration […]
Kunene Leaders Welcome NamRa’s Satellite Office At Opuwo
Uakutura Kambaekua Residents of Opuwo and its environs will no longer have to drive great distances to receive good standing certificates, register for tax, or submit their tax returns. This follows the recent opening of a satellite office in the town by the Namibia Revenue Agency (NamRA). This is NamRA’s second office in the region, […]
Namibia Wants Global Climate Fund To Help Vulnerable Small-Scale Fishers
By:Nghiinomenwa-vali Erastus After assessing the plight of small-scale and artisanal fishers that are affected by climate change in the fishing sector, the Namibia’s Environmental Fund (EIF) will hand in a proposal to the Global Climate Fund (GCF). In its newsletter that covered its work in the first quarter of this year, the EIF announced it […]
Regional Electricity Market More Appetising Than Domestic Supply … Low commercial incentives cited for limited interest
By:Nghiinomenwa-vali Erastus and Hertha Ekandjo Many electricity producers under the Modified Single Buyer Market have raised strong interest to sell their locally produced electricity to outside markets, notably through the Southern Africa Power Pool. This was revealed by Nampower at the Southern Africa Power Pool (SAPP) and Modified Single Buyer Market (MSB) Market Access Conference […]
12 Mergers And Acquisition Approved
By: Nghiinomenwa-vali Erastus Various companies are taking advantage of synergies and other values that can be achieved in horizontal and vertical integration in the market. This conclusion is found after the country’s competition watchdog, the Namibia Competition Commission (NaCC) has reported that it has approved 12 mergers and acquisitions. This involves […]