Search in the website:
Namibia / Page 122
!Gawaxab Calls On An Energy Transition Timeline That Boosts Investor Confidence
By:Justicia Shipena The Governor of the Bank of Namibia (BoN) Johannes !Gawaxab has urged government to develop an energy transition timeline that will boost investor confidence in the country. This follows Mines and Energy Minister Tom Alweendo’s statements on the energy transition, in which he stated in November 2022 that forcing Africa to move forward […]
Namcor Makes N$114 Million After-Tax Profit
By:Justicia Shipena The National Petroleum Corporation of Namibia (Namcor) made an after-tax profit of N$114 million in fiscal year 2021/2022, according to itsjust released annual report. “Namcor made an after-tax profit of N$114 million for the period under review, compared to a loss of N$133 million in the previous financial year,”said Managing Director Immauel Mulunga, […]
Askari To Hit Namibian Lithium Targets After Raising N$46m
By: Justicia Shipena Askari Metals will accelerate lithium exploration at its Uis project after meeting the conditions for $2.5 million (N$46 million) in strategic equity investment by global battery materials supplier Huayou International Resources. Huayou will subscribe for 4.5 million fully-paid ordinary shares in Askari at an issue price of 55 cents per share and […]
Govt Has No Plans To Set Up Lithium Plant Yet – Mining Commissioner … Says there is no money available
By: Justicia Shipena The Namibian government does not have the funds to establish a local lithium processing factory, according to Mining Commissioner Isabella Chirchir. This contradicts Mines and Energy Minister, Tom Alweendo’s announcement in February, that Namibia will insist on local processing of lithium. The demand for lithium skyrocketed in recent […]
Namcor Cannot Share All Info On Oil Deals With Public…As BoN Governor calls for legal framework in the oil and gas sector
By: Justicia Shipena Suspended Managing Director of the National Petroleum Corporation of Namibia (Namcor) Immanuel Mulunga said clauses in Namibia’s oil agreements with international corporations require confidentiality, and that some information cannot be shared with the public. “Namcor being a state-owned enterprise subscribes to transparency. Namcor is also a commercial entity, so not all Namcor […]
“We sleep in sewage” – Government promises change but Namibians still suffering
By Frederick Clayton and Sonja Smith Ever since independence, Namibians have sought education, employment and better lives in Windhoek, the country’s political and industrial epicentre. It’s harder to make a living in rural Namibia – southern Africa’s driest savannah – where there’s little to no infrastructure, investment or industry. With so few opportunities to work […]
N$16,2 Million Saving Available In Case Of Bank Struggles
By: Nghiinomenwa-vali Erastus In the event of a commercial bank filing for bankruptcy, 4,9% of Namibia depositors’ money is fully insured and can be returned while 95% is partially covered. This is according to the 2022 annual report of the Namibia Deposit Guarantee Authority (NDGA). This means that by the end of December 2022, N$3,02 […]
Local Cosmetics Producers Export N$64 Million Worth of Products Despite Challenges
By: Hertha Ekandjo Namibia’s 34 local cosmetics producers exported N$64 million worth of products abroad, predominantly to the European market. Speaking at the launch of the Ondangwa Trade and Industrial Exhibition, Minister of Industrialisation and Trade Lucia Iipumbu said this has been achieved through the government’s Growth at Home Strategy. “We have made tremendous progress […]
Lawyers Accuse Commercial Banks Of Abusing Home Loan Defaulters
By: Justicia Shipena Metcalfe Beukes Attorneys claim commercial banks in Namibia continue to harass home loan debt defaulters to the point of economic exploitation. This was stated by the law firm in a letter dated 3 May 2023 and written to the Governor of the Bank of Namibia (BoN) Johannes Gawaxab. According to the law […]
Not the kind of life a human being should live’: How Namibia’s sanitation crisis is endangering its people and its future
By: Frederick Clayton and Sonja Smith Every day, Natalia Shaanika, 15, escorts her five younger siblings across a busy road to a landfill site to relieve themselves. As they squat – partially hidden by scraps of corrugated iron and used toilet paper – their older sister keeps watch. When a car comes their way, Shaanika […]