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NEF Spends N$3.4 Billion In Fuel Subsidies In Eight Years
By: Nghiinomenwa-vali Erastus The National Energy Fund (NEF) has spent more than N$3.4 billion on stabilising fuel prices in the country between 2015 and 2022, while it collected around N$3.1 billion through fuel equalisation levy. This money is a payment of money owed to the suppliers of petroleum products (under-recoveries) due to the differences in […]
African Oil and Gas Exploration is Going Strong
By:NJ Ayuk Despite the call heard around the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognise Africa as their next frontier. As detailed in the African Energy Chamber’s recently released report, “The State of African […]
Namdeb Ramps Up Its Long-Term Plan … Mining capacity is being increased by 60%, and treatment capacity is set to grow.
By:Staff writer Namdeb is in the process of ramping up operations at its Southern Coastal Mines (SCM) as it makes progress in implementing its long-term plan. The plan was made possible thanks to a five-year, 5% royalty remission, agreed to by government in 2021. Justice Mukendwa, Mining Lead & Ramp-up Project Manager for Namdeb’s SouthernCoastal […]
All Click Sounds In Names To Be Unicoded
By:Nghiinomenwa-vali Erastus The Ministry of Home Affairs, Immigration, Safety and Securitylast week indicated that it will work with the University of Namibia to identify all the undocumented clicks and special characters in languages used in the country. After identification, the clicks and special characters will be added to the Unicode Standard Identification which assigns each […]
Basecamp Namibia Welcomes FNB Partnership …to transform ideas and concepts into businesses
By:Nghiinomenwa-vali Erastus In an era of risk aversion, entrepreneurship development and incubation is critical, says Basecamp Namibia Director Jesay Hano-oshike. The Villager interviewed Hano-oshike on the partnership between First National Bank Namibia (FNB) and Basecamp which aims to continue entrepreneurship development through incubation and mentoring. FNB last month entered into a partnership with Basecamp Namibia […]
Namibia-South Korea Form Long-Term Energy and Resources Sector Partnerships
By:Eva-Rakel Johannes Namibia and South Korea have joined forces to form important and long-term relationships in order to transform the landscape of energy and resource collaboration. The Korea-Namibia Energy and Resources Business Forum, held on 4 September in Windhoek, represented a significant step in fostering collaboration in important areas with the potential to alter the […]
Namibia Feels the Pinch of OPEC+ Production Cutbacks at the Pump …as the Namibia Bus and Taxi Association seeks fuel increase exemption
By:Justicia Shipena The impact of production cuts by OPEC+ members is beginning to affect Namibian fuel prices. This is according to Abednego Ekandjo, a petroleum economist at the Ministry of Mines and Energy. Mines and Energy Ministry revealed on Monday that motorists would have to pay extra for fuel starting today. The price of petrol […]
SchlettweinMakes Water Development Strategies Plea …. says Africa is confronting a worldwide water problem that necessitates global solutions
By:Justicia Shipena Africa must take decisive efforts to entirely eliminate all illegal outflows, whether tax or other forms of money smuggled out of the continent. Minister of Agriculture, Water and Land Reform Calle Schlettwein made these remarks at the ongoing Africa Climate Summit being attended by African leaders, investors and some of the world’s most […]
N$75 Billion From Green Hydrogen In Seven Years, Says !Gawaxab
By:Justicia Shipena Bank of Namibia Governor Johnaness !Gawaxab says that Green Hydrogen could contribute up to N$75 billion to the country’s gross domestic product (GDP) over the next seven years. Speaking during Bloomberg’s ‘Namibia in Focus’ event on Tuesday, !Gawaxab was optimistic about Namibia’s economic prospects, particularly green hydrogen and the light oil discoveries. “By […]
Namdeb Spends 85% Of Expenditure On Local Procurement
By:Staff writer Namdeb spends approximately N$270 million per month on the procurement of goods and services from Namibian-based businesses, Namdeb’s Commercial Manager Anthony Phillips has said. This constitutes approximately 85% of its total expenditure. The majority of spending relates to earthmoving activities. This includes the supply of fuel for earthmoving equipment, the provision of services […]