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Namibia / Page 26
Manufacturing Sector Faces Competitiveness Challenges … incentives set to expire by December 2025
By: Justicia Shipena The abolishment of export incentives that favoured companies manufacturing goods in Namibia poses a serious threat to the country’s competitiveness, according to the Namibia Investment Promotion and Development Board (NIPDB). NIPDB Chief Executive Officer, Nangula Uaandja highlighted these concerns during an interview with Eagle FM at the Namibia Green Hydrogen […]
Namcor Was on the Verge of Liquidation Before N$1.2 Billion Lifeline
By: Erikka Koukulunhu The National Petroleum Corporation of Namibia (Namcor) Acting Managing Director Ebson Uanguta revealed that the petroleum corporation was on the brink of liquidation before the government stepped in with a N$1.2 billion lifeline from state funds. A significant portion of this was a N$1,1 billion debt to international oil seller Gunvor. […]
Sellers in 99-Year Farm Lease Summoned to Court
By: Hertha Ekandjo The sellers of the farms Rainhoff and Wolfsgrund, sold to Russian billionaire Rashid Sardarov in 2018, have been summoned by Judge Orben Sibeya to clarify their involvement in the controversial deal. The farms, located east of Windhoek and north of Dordabis, were sold to Sardarov, who later donated them to […]
Borders Closed for 10 Fresh Produce Items in October
By: Loise Shiimi Namibia’s horticultural sector continues to meet local demand for various fruits and vegetables, leading to the closure of borders for the importation of 10 out of the 20 products on the special controlled products list from 1 to 31 October. In a notice issued on 24 September by the Namibian […]
Drought Exposes Namibia’s Hydro Dependence
By: Nghiinomenwa-Vali Erastus Namibia imported 331,071 MWh of electricity in August 2024 as local power generation plummeted due to drought conditions, exposing the country’s heavy reliance on hydropower. Several southern African countries, including Namibia, Zambia, and Zimbabwe, are grappling with the consequences of their dependence on hydropower for electricity. Namibia generates over 75% […]
Namibia Hosts CAF African Schools Championship COSAFA Qualifiers
By: Hee-Dee Walenga Namibia hosted the Council of Southern Africa Football Associations (COSAFA) Qualifiers for the Confederation of African Football (CAF) African Schools Championship at Jan Wilken Stadium in Walvis Bay over the weekend. The tournament, aimed at fostering youth football development, featured U15 boys’ and girls’ teams from Namibia, Malawi, Zimbabwe, Zambia, […]
Government Debt Reaches N$123 Billion
By: Staff Writer Namibia’s government debt rose to N$123.51 billion by the end of September, an increase of N$2.04 billion by October. Analysts at Simonis Storm Securities (SSS) attributed most of the growth to fixed-rate bonds (GCs), which accounted for 63% of the rise, with N$1.27 billion issued in GCs. Inflation-linked bonds contributed […]
Musheko Joins Namibia Green Hydrogen Programme
By: Nghiinomenwa-vali Erastus Jona Musheko has been appointed to lead external affairs and communications for the Namibia Green Hydrogen Programme (NGH2P), effective 3 October 2024. The programme made the announcement in a statement yesterday. Previously serving as the spokesperson for the Ministry of Agriculture, Water, and Land Reform, Musheko will now oversee […]
OTA Allocates 54 Farming Units For Food Production
By: Ludorf Iyambo The Ondonga Traditional Authority (OTA) has confirmed that land in OkashanaKuukongoWanehale has been leased to individuals for agricultural purposes. This was done under the directive of King (Tate Omukwaniilwa) FillimonShuumbwaNangolo. At a press conference this week, OTA chairperson John Walenga stated that a professional land surveyor was engaged to subdivide […]
65% of Namibian Pork Imports Came from Germany in August
By: Nghiinomenwa-vali Erastus Namibia imported 724,174 kg of pork, primarily in the form of offal, processed, and fresh pork, to supplement local production last month. This was revealed by the Namibia Livestock and Livestock Product Board (LLPB) in its monthly statistics and commentary report for August 2024, released last week. According to the […]