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Private Sector Investment Key to Addressing Africa’s Climate Finance Gap
By: Nghiinomenwa-vali Erastus Africa’s climate adaptation and mitigation financing shortfall, amounting to a staggering $265 billion could be alleviated significantly through the active involvement of private capital distributors. This capital could be crucial as many African countries continue to grapple with the challenges of raising domestic public finance amid mounting debt levels and unanticipated […]
NIDA Suspends Mangetti Farmworkers for Voicing Out on “Internal Issues”
By: Annakleta Haikera Two workers at the state-owned Kavango Cattle Ranch at Mangetti have been suspended for speaking to the media about the farm’s ongoing troubles attributed to mismanagement. The farm in question is managed under the Namibia Industrial Development Agency (NIDA) and has approximately 38 camps with over 12 000 cattle. In July […]
Namibia’s ‘Positive’ Development and Equity Distribution Commended
By: Hertha Ekandjo World Bank regional vice president for Eastern and Southern Africa Victoria Kwakwa believes Namibia is doing well in terms of development and equitable resource distribution. This she says can be backed up by Namibia’s per capita income of over N$78,480 (equivalent to approximately USD 4,000, or closer to USD 5,000), which […]
Fossil Fuel Peak Expected by 2030, Says IEA
By: Dwight Links In their recent Global Energy Outlook report for 2023, the International Energy Agency (IEA) has predicted that the peak for all fossil fuels will be reached by 2030. The release of this report coincides with statements made by Namibian petroleum commissioner Maggy Shino, who last month announced the country’s anticipation of […]
City plans N$460 Million for Infrastructure and Housing
By: Justicia Shipena The Windhoek municipality is planning to spend about N$460 million on infrastructure and housing initiatives around the city. This was disclosed by Windhoek Mayor Joseph Uapingene during the city-approved 2023/2024 budget presentation on Tuesday. “Approximately N$460 million has been earmarked for projects related to infrastructure and housing,” Mayor Uapingene announced. He […]
Namibia Should Prioritise The Secondary Sector – Mnyupe
By: Hertha Ekandjo The Green Hydrogen Commissioner James Mnyupe has underscored the importance of Namibia focusing on the secondary sector to create more employment opportunities. The secondary sector encompasses industries such as manufacturing, which transform natural resources and raw materials into artificial resources and human-created objects for consumption. Mnyupe highlighted that Namibia currently places more […]
Water-Saving Calls Fall on Deaf Ears in Windhoek
By: Nghiinomenwa-vali Erastus Throughout the entire month of October and the first week of November, residents and industries in Windhoek have been using excessive amounts of water despite a critical water shortage in the city. Alarmingly, the primary water supplier to Windhoek, the Von Bach Dam, is currently at just 17.9% capacity. The city’s […]
N$7 Million Recovered from Non-Reapplying Retirees in PSEMAS
By: Justicia Shipena The Ministry of Finance and Public Enterprises has recouped N$7 million from retirees who failed to reapply for enrollment in the government’s Public Service Medical Aid Scheme (PSEMAS) after their retirement. This development comes in response to recent reports suggesting that the government paid approximately N$1 billion to individuals falsely registered […]
Ministries Urged Against Returning Unspent Funds
By: Justicia Shipena The United Nations International Children’s Emergency Fund (Unicef) representative to Namibia, Samuel Kweku Ocran, has called on government ministries to refrain from returning unspent funds to the treasury, stressing that such returns negatively impact the achievement of budget objectives. Ocran highlighted the essential role of parliament in ensuring that approved budgets […]
Cobalt Production Expected For Over 40 Years
By: Staff writer Opuwo’s cobalt project could potentially produce cobalt for over 40 years. This follows the confirmation of Aim- and ASX-listed Celsius Resources’ renewal of the exclusive prospecting licence for the Opuwo cobalt project. The project is held under its Namibian subsidiary Opuwo Cobalt. The Ministry of Mines and Energy issued the two-year renewal […]