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Namibian And Angolan Associations Join Forces For Joint Investments In Oil And Gas Sector
By:Justicia Shipena A Memorandum of Understanding (MoU) has been signed between Namibia and Angola to jointly explore investment opportunities within the oil and gas sector. The signing between the Namibian Association for Offshore Oil and Gas Service Providers (NAOGSP) and the Angolan Oil and Gas Service Companies Association (AECIPA) was done at the recently ended […]
Namibia Sees Over 1% Domestic Economy Improvement In 2022
By:Hertha Ekandjo Namibia witnessed an improvement of over 1% in domestic economic growth in 2022. According to the 2022 United Nations Namibia Country Report, the gross domestic product’s growth of 2.7% in 2021 to 3.9% in 2022 was attributed to the robust increase in diamond mining, as well as sustained growth for most industries in […]
Shifeta Advocates Stronger Drought Policies
By:Justicia Shipena Environment, Forestry and Tourism Minister Pohamba Shifeta has called for more drought policies to be implemented. Shifeta made the call during the African Ministerial Conference on the Environment (AMCEN). The AMCEN’s nineteenth session was held in Addis Abba, Ethiopia, from August 14 – 18, 2023. Shifeta emphasised that drought causes both immediate and […]
South Africa and Namibia Seek Sustainable Energy Solutions
By:Justicia Shipena Minister of Mines and Energy Tom Alweendo has met with South Africa’s Minister of Electricity Kgosientsho Ramokgopain Windhoek on Friday to strengthen bilateral ties in the energy sector. The meeting spurred discussions of cooperation for green hydrogen in both countries to solve the South African Development Community (SADC) energy shortage, as well as […]
Paragon Commences Groundwork At HKIA
By:Hertha Ekandjo Paragon Investment Holdingsofficially commenced with its ground handling services at the Hosea Kutako International Airport (HKIA) on Saturday. This follows after Menzies was evicted by the Namibia Airports Company (NAC) from HKIA on Saturday morning after it ceased providing ground handling services at the airport on Friday. According to NAC Chief Executive Officer […]
Access to Deposits Preserved Despite Trustco Bank’s Suspension
By:Justicia Shipena Despite the Bank of Namibia’s (BoN) temporary suspension of Trustco Bank, clients would retain access to their deposits. Trustco Bank’s ability to function as a financial institution was suspended with immediate effect by BoN on Friday. The suspension came after the central bank met with the Minister of Finance and Public Enterprises, Ipumbu […]
N$23.8 Million Farm Infrastructure Development Launched
By:Josefina Lukas The Agriculture Ministry has spent N$23.8 million on farm infrastructure development for Amarika Farmers Cooperative in the Omusati Region. Agriculture Minister Calle Schlettwein officially handed over the Amarika Farmer Cooperative infrastructure on Wednesday. According to him, the fundamental goal of delivering such initiatives to the people is to improve their social and economic […]
The 4th Industrial Revolution in Namibia: Prospects and Challenge
By:Josef Kefas Sheehama The Fourth Industrial Revolution (4IR) has the potential to transform Namibia’s economy, increase its productivity and enhance its global trade. In doing so, it would dramatically improve the wellbeing of Namibian citizens. Therefore, we cannot talk about economic transformation if we are not technologically literate. According to the Chief Executive Officer of […]
Meat And Fish Prices Soar
By:Nghiinomenwa-vali Erastus Meat lovers should prepare to dig deeper into their wallets as the prices of meat products, including fish, has soared. Prices for overall goods and services increased at a rate of 0.3% during the the month of July to 0.1% witnessed during the previous months. This is according to the Namibia Statistics Agency’s […]
The Construction Sector Outlook Remains Bleak
By:Hertha Ekandjo The construction sector remains bleak, with poor approval and completion results for the year thus far compared to the same period during the pandemic year 2020. According to Simonis Storm Securities (SSS), this has made it likely for the sector to expect the sixth consecutive contraction in the real value of building plans […]