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Namibia / Page 133
Fraud Transactions On The Rise In Namibia’s Payment System …N$200 banknote dominates faking list
By:Justicia Shipena Over the past five years the national payment system (NPS) has experienced an increase in fraudulent transactions, Bank of Namibia (BoN) has said. “The total value of fraudulent transactions perpetrated within the NPS has increased over the past five-year period,” the central bank reported. For 2022 the total value of fraudulent transactions increased […]
Namibia Exports N$2 Billion Diamonds In Feb …Precious stones, fish help cut back trade deficit
By:Staff writer Diamonds were Namibia’s largest exported commodity at N$2.0 billion in February. This accounted for 24.7% of all exports for the month, and mostly destined to Botswana, Belgium and the United Arab Emirates. Overall exports increased by 3.8% from the N$7.8 billion recorded in January 2023. Additionally, exports increased by 1.6% from N$8.0 billion […]
Production Cuts By Saudi Arabia Oil Giants A Threat To Pump Prices In Nam
By:Justicia Shipena The cutting of oil production by oil producers led by Saudi Arabia could come as a curse for fuel consumers in Namibia, as the Mines and Energy Ministry says it could spike prices. This week, major oil producing countries led by Saudi Arabia announced a surprise production cut from May of more than […]
Osino Partner Announces New Lithium Discovery And Phase 1 Drilling Results At Omaruru Lithium Project
By:Staff writer Osino Resources Corp. on Friday provided an update on its majority-owned Omaruru Lithium Project in central Namibia following the completion of a Phase 1 Reverse Circulation drill programme by Prospect Resources Limited. Osino entered into an Earn-In and Shareholder Agreement with Prospect in Q4 2022 whereby Prospect can earn up to 51% and […]
TechnovationSocial – Accelerating Growth And Innovation In Namibia’s Cultural And Creative Industry
By:Staff writer The second edition of the TechnovationSocial, organised by the Namibia Investment Promotion and Development Board (NIPDB), took place in Windhoek on Friday The TechnovationSocial is an intervention aimed to drive the transformation of Namibia’s cultural and creative industry. TechnovationSocial is a biennial initiative that exists to unlock the entrepreneurial potential of micro, small, […]
Namibia Looks East For Green Hydrogen Partnerships
By: Staff writer The administrator of the National Energy Administration of China, Zhang Jinhua, on Friday paid a visit to Namibia President Hage Geingob. The visit is aimed at establishing cooperation in the area of green hydrogen production. Namibia is positioning itself as a future green hydrogen producer to attract investment from the globe’s leading […]
Private Sector Debt Sees N$5,8 Billion Annual Increase
By:Staff writer Debt in the private sector, inclusive of Namibian households and corporates, together with non-residents has seen an annual increase of 5.1%. This is after it stood at N$118.9 billion for February, a N$693 million increase from January this year, exceeding expectations. According to the analysts at Simonis Storm Securities, the biggest drivers of […]
Namibia, Botswana Launch 24-Hour Operation At Border Posts To Boost Trade
By:Fransina Nghidengwa Namibia and Botswana on Saturday launched the 24-hour operation at Trans-Kalahari/Mamuno border posts, which is expected to boost trade between the two countries. Speaking at the launch event, Minister of Home Affairs, Immigration, Safety and Security Albert Kawana highlighted the benefits of the new policy for the business community, stating that the new […]
252 Agricultural Scientific Officers And Technicians Needed
By:Nghiinomenwa-vali Erastus Namibia has 252 vacancies for agricultural scientific officers and technicians all over the country, said the Ministry of Agriculture, Water and Land Reform. The Ministry has 147 Agriculture Development Centres (ADCs) around the country that offer technical and advisory services. Spokesperson in the MinistryJona Musheko said the agricultural sector is a source of […]
Investing In Sports Improves Lives
By:Jacquiline Pack In 2015, 195 countries agreed with the United Nations to bring together all stakeholders to improve the world by 2030. They formulated the 17 Sustainable Development Goals (SDG) Vision 2030 Agenda. Besides other strategic implementation efforts to attain Vision 2030, sport is strategically used to assist the world in reaching these SDG goals. […]