Search in the website:
Business / Page 23
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 […]
Kudu Gas To Be Developed … SA wants a piece
By: Nghiinomenwa-vali Erastus After being discovered many decades ago, the government and willing investors are finally moving to extract the gas reserves on the southwestern shores of Lüderitz. It was announced back then that financial investment decisions were to be taken in 2016, however, the steam around the project evaporated and it was not spoken […]
Reusable Sanitary Pads Start-up Took Southern OM SEED Top Prize
By: Nghiinomenwa-vali Erastus A reusable pad manufacturing start-up from the Hardap Region has received the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) 2023 title for the Hardap region, the Old Mutual Foundation announced. TJF Investments CC took up the first spot from the shortlisted 10 start-ups in the south, thus getting N$50,000 seed […]
Opinion: Elevating The Artistic Industry: Time For Upgrade
By: Sarah Anghuwo “Our lives begin to end the day we become silent about things that matter.” – Martin Luther King, Jr. As an arts advocate, it’s truly disheartening to witness the gradual decline of the arts industry. Often, when we ponder art, our mindset narrows to predominantly music, becoming the focal point. Unfortunately, this […]
Economic Growth Projections Hold Steady Amidst Policy Changes
By: Justicia Shipena Despite tightening monetary policy, Namibia will meet its economic growth forecasts this year, according to Floris Bergh, Chief Economist at Capricorn Asset Management. This comes as Namibia’s central bank chose to maintain the monthly policy rate at 7.75% for the next two months following periods of hikes. The Bank of Namibia (BoN) […]
Nam Found Comfort In Zambia Power Supply Arms
By: Nghiinomenwa-vali Erastus Namibia has reduced its power imports from South Africa to below 10% from April to June. This is according to the Namibia Statistics Agency’s monthly electricity reports for 2023. Namibia has long relied on imported power from South Africa (Eskom), but South Africa’s own economy has put strains on its domestic […]
Namibia Sees Over 1% Domestic Economy Improvement In 2022
By:Hertha Ekandjo Namibia witnessed an improvement of over 1% in domestic economic growth in 2022. According to the 2022 United Nations Namibia Country Report, the gross domestic product’s growth of 2.7% in 2021 to 3.9% in 2022 was attributed to the robust increase in diamond mining, as well as sustained growth for most industries in […]
Paragon Commences Groundwork At HKIA
By:Hertha Ekandjo Paragon Investment Holdingsofficially commenced with its ground handling services at the Hosea Kutako International Airport (HKIA) on Saturday. This follows after Menzies was evicted by the Namibia Airports Company (NAC) from HKIA on Saturday morning after it ceased providing ground handling services at the airport on Friday. According to NAC Chief Executive Officer […]
Meat And Fish Prices Soar
By:Nghiinomenwa-vali Erastus Meat lovers should prepare to dig deeper into their wallets as the prices of meat products, including fish, has soared. Prices for overall goods and services increased at a rate of 0.3% during the the month of July to 0.1% witnessed during the previous months. This is according to the Namibia Statistics Agency’s […]