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Namibia Fish Consumption Promotion Trust, Unam Sign N$3 Million MoU
By: Hertha Ekandjo The University of Namibia (Unam) and Namibia Fish Consumption Promotion Trust (NFCPT) signed a memorandum of understanding and laid the ground for a national survey of fish consumption per capita. The survey, which will be done at a cost of N$3 million, will help assess the Namibian fishing industry’s nutritional value additions, […]
Namibia Best Place To Mine, Says Lithium, Tin, Tantalum Miner
By: Staff Writer According to Andrada Mining CEO Anthony Viljoen, Namibia is the best jurisdiction in Africa in which to mine. He said this at the Junior Indaba, a popular meeting place for junior miners, which took place in Johannesburg in South Africa, this week. The CEO of the London Aim-listed tin, tantalum and now […]
Namibian Uranium To Power The World With 441 Reactors
Nghiinomenwa-vali Erastus Namibia contributed 12% last year to the world’s primary production of uranium oxide, coming third after Canada and Kazakhstan at top. Not specific however, the China National Uranium Corporation owned Rössing Uranium’s latest report has indicated that there are now 432 operable units with roughly 389 GWe in capacity in 33 countries as […]
Nam Trade Exports Decrease By N$2.6 Billion
By: Staff writer Namibia’s export earnings went down by N$2.6 billion between March and April, from the N$10.2 billion recorded in the previous month to N$7.6 billion in April, according to the latest report of the Namibia Statistics Agency’s (NSA). The 26.2% decline to N$7.6 billion is the second lowest for the year thus […]
Grootfontein Has Economic Potential – Mayor
By: Justicia Shipena Grootfontein Mayor Talitha Garises said her town has significant business opportunities for investors and economic potential for the country. Garises said this when welcoming delegates to the 8th Public Enterprise CEO Forum which took place at the National Youth Service Centre at Rietfontein, situated some 40 kilometres south of Grootfontein in Otjozondjupa […]
Vehicles Donation Boosts Ministry’s Visibility In Communal Areas
By: Fransina Nghidengwa Agriculture, Water and Land Reform Minister Calle Schlettwein is of the view that transport is a missing link in the agricultural value chain of Namibia, and the donation of the new vehicles by the European Union (EU) will enable the Ministry to have a visible presence in rural areas. Schlettwein said this […]
Data Revenue, Roaming Service Resumption Help MTC To N$387 Million Six-Month Profits
Staff writer Revenue from data, the resumption of roaming services, and the expansion of enterprise services were the main reasons for MTC accumulating N$387 million profits for six months. The profits are calculated after tax for the period ending 31 March 2023. This is detailed in the service provider's latest unaudited condensed consolidated interim financial […]
Namcor Outlines Project Progress Address Ahead of African Energy Week (AEW) 23
Following a series of upstream success, NAMCOR says the country is targeting first oil production by 2029. Namcor Acting MD Shiwana Ndeunyema and Executive for Upstream Exploration Victoria Sibeya at the national oil company delivered presentations during the Invest in African Energy Forum in Paris last week on the investment and partnership opportunities available […]
Namibia Looks To Acquire Minority Stakes In Petroleum Companies
The move comes amid surging concerns over the country’s key resources’ local ownership. Namibia is looking to take minority stakes in petroleum production companies, joining nations considering nationalisation of resources, reported Bloomberg News. A major producer of uranium and diamonds, the country is also considering taking stakes in mining firms and establishing a minerals exploration fund. The […]
World Economic Leaders Warn Of Economic Fragmentation Risk
…Economic interdependence and international trade still key Nghiinomenwa-vali Erastus At the height of Covid-19, many countries limited their export of certain goods or chose whom to sell to. Currently the same behaviour is being observed of countries grouping themselves, and putting up trade barriers. As a result, countries such as Namibia that choose non-alignment in […]