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GRNTrains Communities To Combat Veldfires
By:Hertha Ekandjo The Ministry of Environment, Forestry and Tourism started capacitating different communities through education in basic fire prevention and fire fighting late last month. This is according to the Environment Ministry’s fire management focal person, Micheal Otsub. The South Korean government has donated N$1,042 million (U$70,000) to the Ministry of Environment, Forestry and Tourism […]
Government Has Dependency Syndrome – Kavango East/West Farmers
By:Annakleta Haikera Kavango East and West farmers say the Namibian government has a dependency syndrome while they have all the agri-products within the country. They were speaking on Thursday when the Minister of Agriculture, Water and Land Reform Carl Schlettwein handed over the newly revamped Rundu abattoir to the Meat Corporation of Namibia (Meatco). The […]
Credit BorrowingIn Namibia: A 55% Family Stake
By:Justicia Shipena Credit extended during the month of July to the private sector currently stands at N$119.2 billion, with 55% owned by families, 38% by businesses, and 6% held by foreigners, the Simonis Storm’s Securities’ latest report stated. This comes as private sector credit extension expanded by a paltry 0.035% month on month in July […]
Finland Scouting Finnish Companies For Namibia’s Green Hydrogen …As Namibia’s administrative challenges highlighted by European corporations
Justicia Shipena Finland says it is busy searching for Finnish companies to collaborate on its Green Hydrogen initiatives in Namibia. During an interview with Eagle FM during the Mining Expo and Conference, the Finnish Ambassador for Trade and DevelopmentMinistry for Foreign Affairs, Eija Rotinen stated that while her country does not have large corporations to […]
Mining Exports Generate N$26,6 Billion In Five Months …diversification remains an elusive dream
By:Nghhinomenwa-vali Erastus The extractive sector still dominates the country’s economic outlook. Mining has been dominating past and current trade statistics, as the country’s export basket refuses to change despite political intentions. For the past five months, Namibia’s top export commodities are mostly minerals, including fish. Furthermore, the Bank of Namibia (BoN) Economic Outlook for 2023 […]
New N$600 Million DBN Loan To Focus On Large-Scale ‘Green’ Projects
By: Annakleta Haikera The Development Bank of Namibia (DBN) has taken up another concessional loan from the German Development Bank, the Kreditanstallt fuer Wierderafbau (KfW) of about N$600 million ( about €30 million) for the funding of climate-mitigation infrastructure. The Development Bank of Namibia (DBN) Chief Executive Officer Martin Inkumbu said the second concessional loan, […]
Does Anyone Know What Is Economically Happening in Oshakati
By:Kandjengo kaMkwaanyoka Before I go further, I want to confess that I am from Oshakati, Okandjengedi pokeefe yatate Jesaya. I just want to pick a fight with the leadership in charge of my place of birth, the youth and economic facilitators there, and then myself. Colleagues, does anyone know what is happening in Oshakati, economically? […]
Otjipupa Investment Group Donates Mattresses to Okorosave and Orumana Hostels
By:Uakutura Kambaekua Otjipupa Investment Group, through the Vita Royal House and the Otjikako Traditional Authority, has donated 100 mattresses to Okorosave Primary School and Otjerunda Combined School on Wednesday. This was part of its commitment to social development in the Kunene region. The two traditional authorities handed over their donations to the regional education directorate, […]
Kavango West Receives 4000 Bags Of Maize Meal ForDrought-Stricken Households
By:Annakleta Haikera The Kavango West Regional Council on Monday received a donation of 4,000 bags of maize meals from renowned businessman Winnie Merzerger, of Metzger Drilling, at Musese Green Scheme in the Kavango West region. The maize meal bags are valued at N$320,000 and will benefit critically drought-stricken households in all eight constituencies of the […]
Namibia’s Crop Harvest Dips By 9% In 2022/23 …as most homes drained of food reserves
By:Justicia Shipena The Vulnerability Assessment and Analysis (VAA) report shows that Namibia has harvested 9% less during the 2022/23 cropping season. On Wednesday, the office of the Prime Minister officially released the Integrated Phase Classification (IC) report on the findings of this year’s VAA. The VAA is a process of collecting and analysing data on […]