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Namibia’s Food Self-Sufficiency: A Threat to South Africa’s Agriculture Industry
By: Hertha Ekandjo Namibia’s recent decision to close its borders to the importation of certain horticultural products from South Africa has posed significant challenges for South Africa’s agriculture sector. This has been particularly for citrus farmers who have been barred from accessing the Namibian market. This issue was brought to the fore by South […]
Over Half a Billion in GC24 to Remain with Government
By: Nghiinomenwa-vali Erastus Investors in the GC24 bond, which is set to mature this October, have decided to switch their N$530 million investment to other long-term bonds, allowing the government to retain and grow the funds while paying interest twice a year. This decision was revealed following an auction switch for the […]
Schlettwein Calls for Farmer Subsidies for Drought Resilience
By: Staff writer Agriculture and Land Reform Minister Carl Schlettwein says there is a need to subsidise farmers against losses to build the agriculture sector’s resilience to drought. He said this in Omaheke this week during an engagement with communal and commercial farmers. “Farmers need subsidies to solve that problem. You cannot say that agriculture […]
Electricity Generation Falls to Lowest Level in 2024
By: Nghiinomenwa-vali Erastus Namibia’s electricity generation in June 2024 fell to its lowest level of the year, producing only 152,224 MWh after five consecutive months of generating over 200,000 MWh. This significant drop in domestic generation led to the highest electricity imports for the year, with the country bringing in 211,944 MWh in June. […]
NAM-MIC Issues 655,937 Shares to 522 Beneficiaries
By: Justicia Shipena The Namibia Mineworkers Investment Holdings Company (NAM-MIC), through its Just Transition Trust (JTT) Namibia Limited, has reached a significant milestone by issuing 655,937 shares to 522 shareholders. This announcement was made during the transition of JTT to Just Transition Investment, which now operates as a public company. Joshua Kaitungwa, CEO […]
Nam Urged to Plan According to Production Advantages
By: Hertha Ekandjo The African Development Bank (AfDB) has urged Namibia to focus on national development plans that capitalise on its comparative advantages. In its 2024 Country Focus Report titled “Driving Namibia’s Transformation: The Reform of the Global Financial Architecture,” the AfDB emphasised the need for Namibia to align its development strategies with its […]
Improve Strategic Infrastructure to Boost Oil and Gas Sector, Govt Told
By: Justicia Shipena The Namibia Petroleum Operators Association (Nampoa) has called for the urgent rehabilitation and expansion of local ports, railways, and vocational training facilities to improve efficiency in the country’s oil and gas sector. Speaking at the 2024 Mining Expo and Conference in Windhoek, Maria Mbudhi, Chair of Nampoa’s Public Affairs Committee, […]
Oil Refinery Opportunities in Namibia Remain Open
By: Justicia Shipena Opportunities for establishing an oil refinery in Namibia are still open, with interest from various parties, according to Petroleum Commissioner Maggy Shino. Speaking at the 2024 Mining Expo and Conference, Shino addressed questions from Eagle FM about the progress of a potential oil refinery in the country. In May 2024, […]
Mineral Agreements Lag Despite Legal Requirements
By: Justicia Shipena Despite legal requirements under the current Minerals Act, only one mineral agreement has been established to date — between Namdeb and the Namibian government. According to Erasmus Shivolo, the Mines and Energy deputy executive director, Section 49 of the Minerals Act allows for a mineral agreement to be formed between […]
City Challenges ECB Directive on Prepaid Meter Blockages
By: Hertha Ekandjo The Windhoek municipality has dismissed recent calls by the Electricity Control Board (ECB) to cease blocking prepaid electricity meters as a method for recovering arrears unrelated to electricity charges. The City argues that the ECB’s directive, issued last month, conflicts with its constitutional and statutory responsibilities. It further claims that […]