By:Nghiinomenwa-vali Erastus A private party – be it an individual or company – may identify a project that meets certain requirements and propose it to the government to be implemented under the Public Private PartnershipAct as a PPP project. However, after the feasibility and transaction approval of the proposed project, the government will still go […]

By:Nghiinomenwa-vali Erastus It has been found that Close Corporations (CCs) are most vulnerable to be used for money laundering and for terrorist financing in Namibia. This is according to the Financial Intelligence Centre (FIC) Report titled Terrorist Financing Risks In The Non-Profit Organization Sector, which was released in May this year. The 2023 National Risk […]

By:Justicia Shipena The cutting of oil production by oil producers led by the Organisation of the Petroleum Exporting Countries (OPEC+) is a tactic for them to generate more revenue, Mines and Energy Ministry’s Petroleum Economist Abednego Ekandjo has said. Earlier this month, OPEC said it will make another deep cut to its output in July […]

By:Nghiinomenwa-vali Erastus Namibia will look into a proposal by Angola for the country to buy a stake in the planned Lobito Refinery, according to the updates from the Ministry of Mines and Energy. The Ministry spokesperson Andreas Simon said this when he updated the media on the country delegation that took a trip to Angola […]

By:Nghiinomenwa-vali Erastus Ohorongo Cement, one of Namibia’s first cement manufacturers, has donated 200 bags of cementto the Ministry of Home Affairs, Immigration, Safety and Security to improve the living conditions of officers deployed at the variousborder postsaround the country. Following a request by the Ministry, the Managing Director of Ohorongo Cement Hans-Wilhelm Schütte handed over […]

By:Nghiinomenwa-vali Erastus The country’s electricity regulator has warned that, in the future, no debt recovery plan should compromise life-saving services and disturb the energy supply to those in good standing. This is in response to NamPower’s debt recovery plan that involved targeted blackouts. In a statement released last Friday, the Electricity Control Board (ECB) Chief […]

By:Nghiinomenwa-vali Erastus From the pharmaceutical companies fixing prices, collusion on panel beating and short-term insurance companies agreeing to unintentionally collude, more anti-competitive behaviour is being reported to the country’s competition watchdog. The latest is the property valuation sector where potential valuers have approached the Namibia Competition Commission (NaCC) to zoom in on the sector for […]

By:Nghiinomenwa-vali Erastus Finance Minister Iipumbu has given his fellow parliamentarians 15 days to prioritise relevant amendments and to table new laws to address the country’s technical deficiency to fight financial crimes. Shiimi called for the highest political commitment, despite an observed culture of dragging bills and amendments. He gave his fellow colleagues the ultimatum when […]

By:Nghiinomenwa-vali Erastus and Fransina Nghidengwa The country’s miners’ representative has indicated the Cabinet’s decision to ban the export of critical minerals are not impactful to their operation but they will engage on the discretionary power given to the Minister of Mines and Energy. The Chamber of Mines in a statement released this week in response […]

By: Justicia Shipena The amount of royalties and taxes the Namibian government expects to benefit from the Green Hydrogen project is currently unknown. This is according to Green Hydrogen commissioner and Presidential Economic Advisor James Munyupe who was responding to questions at State House in Windhoek. When the Feasibility and Implementation Agreement (FIA) between the […]