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Daures GH2 Seeks Investment For Ammonia Fertiliser Production
By: Justicia Shipena The Daures Green Hydrogen Village (DGHV) Consortium is currently seeking funds to produce ammonia sulphate fertiliser, a project not initially covered by the German government’s initial investment. This was revealed by the project’s Chief executive Officer, Jerome Namaseb, saying while the production of ammonia sulphate fertiliser was not covered by the German […]
Namibia Ranks 9th in Africa for Innovation … Globally at 96th Position
By: Loise Shiimi Namibia has been ranked in the ninth spot as the most innovative economy in Africa. This is according to the latest World Intellectual Property Organisation’s (WIPO) Global Innovation Index (GII) report. Mauritius clinched the top position, followed by South Africa, Morocco, Tunisia, Botswana, Egypt, Cape Verde, Senegal, and then Namibia. WIPO, a […]
Uranium Surge: FNB Anticipates Mining to Drive Economic Expansion
By: Justicia Shipena FNB Namibia’s economist, Ruusa Nandago, believes that mining activities will continue to be a pivotal factor in propelling economic growth. The primary catalyst for mining growth, particularly in the year 2024, is predicted to be uranium, buoyed by a favourable uranium price environment. The anticipated resurgence of the Langer Heinrich Uranium mine, […]
Fishery Rights Holders Accused of Intentional By-Catching
By: Justicia Shipena Fisheries Minister Derek Klazen has expressed concern that by-catching is becoming an alarming trend in the fishing industry, accusing some companies of deliberately doing it. The practice, according to Klazen, has negatively affected the species such as hake, mackerel, and pilchard within the horse mackerel subsector. By-catch refers to fish or other […]
Namibia Stays Linked to Rand Amidst SA Banks Scandal
By: Hertha Ekandjo The Bank of Namibia says it plans to maintain the peg between the Namibian dollar and the South African rand, despite revelations of manipulation in the USD/Rand currency pair by certain South African banks. The scandal, dating back to 2015, coincides with a Bureau for Economic Research (BER) report highlighting the economic […]
China Takes Cautious Approach To Green Hydrogen Initiative
By: Justicia Shipena Chinese ambassador Zhao Weiping says his country has not yet decided whether it intends to participate in Namibia’s green hydrogen ambitions which has attracted attention from countries in the West. Although China has already expressed it’s in the development of Namibia’s renewable energy industry, particularly the green hydrogen, Weiping says China would […]
Outrage Over Geingob’s Unemployment – Education Comment
By: Hertha Ekandjo President Hage Geingob’s recent comments attributing Namibia’s high unemployment rate to the successes of the government’s education efforts has sparked criticism from analysts who argue that it oversimplifies the complex issue. During the commemoration of the World Children’s Day at Walvis Bay on Sunday, Geingob said the government’s “successful” education approach has […]
Coastal Hospitality Sees Surge in Occupancy Rates
By: Staff Writer Last month, the coastal region of Namibia experienced a significant upswing in tourism, marking the highest occupancy rates in the sector at 71.9%, according to financial analysts Simonis Storm Securities. This achievement, surpassing 70%, is noteworthy as it hasn’t been seen since October 2018. Northern Namibia secured the second position with a […]
Kamanjab Drills Four Boreholes Worth N$5 Million
By: Uakutura Kambaekua The Kamanjab Village Council says it has commissioned the drilling of four boreholes to improve water supply at the town. The four boreholes funded with N$5 million allocated from the Ministry of Urban and Rural Development are expected to be completed by February next year. The project aims to ensure a reliable […]
Only 288 Out of 3,927 Jobseekers Secured Jobs in Q2
By: Nghiinomenwa-vali Erastus The local job market is still struggling to absorb thousands of job seekers registered on the government’s online employment system amid the growing national unemployment rate. For example, the job market was only able to absorb 288 individuals out of the 3 927 jobseekers referred to employers for possible placement in […]