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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 […]
Southern Africa Has An Electricity Deficit Of 9,779 MW …SA accounts for 92% of this deficit, Namibia third
By:Nghiinomenwa-vali Erastus The Southern Africa Power Pool (SAPP) has indicated that the market for electricity generation is massive as the 12 member countries have over 9,8 Gigawatts of electricity needs. Thus, many Namibian power producers are opting to fill this regional gap as it attracts better prices compared to the domestic market. The SAPP administration […]
Calls Raised For Social Protection For Artists, Cultural Professionals
By:Eva-Rakel Johannes The social protection for artists &cultural professionals’ in Namibia has been the focal point of public discussion at the National Art Gallery of Namibia (NAGN) in Windhoek on Tuesday. The Ministry of Education, Arts and Culture (MoEAC) and the United Nations Educational, Scientific and Cultural Organisation (Unesco) hosted a public discussion centred on […]
Kunene Leaders Welcome NamRa’s Satellite Office At Opuwo
Uakutura Kambaekua Residents of Opuwo and its environs will no longer have to drive great distances to receive good standing certificates, register for tax, or submit their tax returns. This follows the recent opening of a satellite office in the town by the Namibia Revenue Agency (NamRA). This is NamRA’s second office in the region, […]
Namibia Wants Global Climate Fund To Help Vulnerable Small-Scale Fishers
By:Nghiinomenwa-vali Erastus After assessing the plight of small-scale and artisanal fishers that are affected by climate change in the fishing sector, the Namibia’s Environmental Fund (EIF) will hand in a proposal to the Global Climate Fund (GCF). In its newsletter that covered its work in the first quarter of this year, the EIF announced it […]