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Brazilian Ambassador Sees Potential Namibia-Brazil Collaboration in Green Hydrogen Sector
By: Justicia Shipena Vivian Sanmartin, the Brazilian ambassador to Namibia, expressed optimism about potential collaboration between Namibia and Brazil in the green hydrogen sector. This aligns with Namibia’s ongoing development of a green hydrogen project within the Tsau/Khaeb National Park, led by the government and Hyphen Energy. Scheduled to commence operations in late […]
Finance Ministry to Regulate Banking Fees … commercial banks rake in N$4.5 Billion in non-interest income including fees and charges
By: Nghiinomenwa-vali Erastus The newly enacted Banking Act empowers the Minister of Finance and Public Enterprises to regulate fees and charges imposed by banking institutions on their customers. This was revealed in the 2023 annual report of the Bank of Namibia. According to the central bank, complaints regarding exorbitant fees and charges levied […]
Türkiye Offers Namibia Energy Independence
By: Hertha Ekandjo Karpowership, a company from Türkiye, has extended an offer to Namibia, presenting an opportunity for the country to become a net energy producer without relying on energy imports from neighbouring countries. This unique proposition aims to avert Namibia’s energy crises in a short period without the need for land […]
EIF Plans to Raise N$300 Million Funding to Boost Green Youth Entrepreneurship
By: Justicia Shipena The Environment Investment Fund (EIF) is planning to launch a concessional loan facility aimed at empowering youth entrepreneurs engaged in green initiatives, with plans to scale up to N$300 million by the 2024/2025 fiscal year. EIF’s Chief Executive Officer, Benedict Libanda, revealed that in the previous fiscal year, the facility had […]
Average House Price Stands At N$1.2 Million
By: Nghiinomenwa-vali Erastus By the end of December 2023, the average or most common house on the market cost N$1.21 million, slightly higher than the N$1.19 million recorded during the corresponding period in 2022. This was revealed by the FNB in its latest House Price Index. House prices vary across regions, with the […]
15 Malaria Deaths Recorded With Over 6,000 Cases in 2024
By: Annakleta Haikera Namibia has reported 15 malaria-related deaths between January and March, with a total of 6,147 confirmed cases recorded so far this year. Addressing World Health Day commemorations in Rundu, Kavango East region, on Tuesday, Minister of Health and Social Services, Kalumbu Shangula, expressed concern over the doubling of malaria cases […]
Namibian Economy Expected to Slow by 3.7% This Year
By: Staff Writer The Bank of Namibia projects that the economy will decelerate to 3.7% in 2024 before rebounding to 4.1% in 2025. The central bank attributes this anticipated slowdown primarily to weaker global demand and slower growth in primary industries, such as mining. However, GDP growth is expected to see a marginal […]
FNB Wins Namibia’s Best Bank Award for 2024
By: Dolly Menas First National Bank of Namibia (FNB) has earned the prestigious title of Best Bank in Namibia for the year 2024, as bestowed by Global Finance magazine. The announcement came during the 31st annual Best Banks awards ceremony, marking a significant achievement for Namibia’s largest commercial bank. The founder and editorial […]
NBL Transitioning Towards 100% Green Energy Brewing…targets zero landfill waste by next year
By: Justicia Shipena Namibia Breweries Limited (NBL) is embarking on a journey towards utilising 100% green energy in its brewing operations, with the aim of achieving zero waste to landfill by the upcoming year. Currently, NBL relies on 80% green energy for its brewing processes following the conversion of its thermal energy. While […]
Namibia Achieves 55% Vegetable Self-Sufficiency, Reports WFP
By: Dolly Menas Namibia has achieved unprecedented levels of food self-sufficiency, marking a significant milestone in its agricultural sector, according to the UN World Food Programme (WFP). The achievement, highlighted by a 45% self-sufficiency rate, represents the culmination of sustained efforts from smallholder and large-scale farmers, along with crucial support from the WFP […]