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BaseCamp Facilitates Scaling-Up Funding for 40 Startups
By: Nghiinomenwa-vali Erastus BaseCamp Business Incubator, a social startup enterprise, has successfully facilitated funding for 40 Namibian startups in 2023, enabling them to scale up their businesses. The entity has provided platforms for some of the best startups they have assessed to be accelerated by raising N$50 Million Investment in start-up support from […]
Geingob’s Funeral Weekend to Ignite Hospitality and Business Sectors
By: Justicia Shipena Late President Hage Geingob’s funeral weekend is expected to invigorate various business sectors, particularly benefiting the hospitality industry with an anticipated surge in visitors to the capital, Windhoek. Numerous dignitaries and their delegations have been announced to attend the funeral of Geingob, who was accorded national hero status, and will […]
Govt Clarifies Mbumba Succession Amid Doubts
By: Hertha Ekandjo The government has moved to dispel uncertainty surrounding the swearing in of President Nangolo Mbumba following the passing of the late President Hage Geingob. Mumba who served as Vice President under Geingob was sworn-in on Sunday, 04 February as Namibia’s fourth President until the next elections scheduled for November later […]
Employment Statistics Expected Before Year-end…Census Results Announcement Scheduled for Next Week
By: Juliana Iikela The Namibia Statistics Agency (NSA) has announced that updated employment statistics will be available before the end of the year, following the conclusion of fieldwork for the 2023 Population and Housing Census. Namibia has been relying on outdated and estimated data for approximately six years since the release of the […]
Health Ministry Lacks Recent Data on Covid-19 Vaccination Rate
By: Justicia Shipena The Health Ministry currently lacks up-to-date data on the nation’s vaccination rate, a situation that persisted since the suspension of reporting on Covid-19 statistics. This comes amidst a recent report of 20 cases of Covid-19 in Rehoboth, located in the Hardap region, with the ministry’s lack of data potentially posing […]
Namibia Likely To Be Grey-Listed After Reforms Deadline Failure
By: Justicia Shipena There are high chances that Namibia would be greylisted by the Financial Action Task Force (FATF) following its failure to fully implement all the recommendations outlined in the Mutual Evaluation Report. Finance Minister Iipumbu Shiimi disclosed that Namibia has addressed 59 out of 72 key recommended actions outlined in the […]
Osino Resources Rejects Dundee’s N$5.1 Billion Takeover Bid
By: Staff Writer Osino Resources, a Canadian gold miner, has opted to turn down a recent takeover bid by Dundee Precious Metals in favor of accepting an offer from an undisclosed foreign-based mining company. In a statement released on Tuesday, Osino announced that its Board of Directors, in consultation with financial and legal […]
African Energy Chamber to Launch Namibia Trade Mission
By: Staff Writer The African Energy Chamber is gearing up to launch a trade mission to Namibia from April 23-25, aimed at promoting business opportunities within the country’s energy industry. In partnership with the Namibia International Energy Conference (NIEC), the trade mission aims to facilitate engagement among companies, connect stakeholders to market intelligence […]
Namibia Upbeat About Impending Energy Investment Decision
By: Justicia Shipena Petroleum Commissioner Maggy Shino is confident about the forthcoming final investment decisions regarding recent discoveries made by major players such as Total Energies, Shell, Galp, and the existing Kudu Gas field operated by BW Energies. Shino shared this optimism during the International Association of Drilling Contractors (IADC) Conference in Windhoek, […]
Brighter Outlook for Namibia’s Tourism Sector in 2024…Over 500k Visitors in 2023
By: Staff Writer The tourism sector is poised to be a standout performer in Namibia’s economy in 2024, according to analysts. This optimistic outlook is bolstered by key events like the Africa Hospitality Investment Forum (AHIF) and the upcoming AviaDev Africa event. Scheduled for June in Windhoek, the AviaDev Africa event has already […]