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Menzies to continue operations at HKIA until 4 July
By:Staff writer UK company Menzies Aviation will now continue with ground handling operations at the Hosea Kutako International Airport (HKIA) until at least 4 July, the Namibia Airports Company has announced. Menzies and the preferred bidder have been locked in an intense courtroom battle over the ground handling operations at the national airport, in which […]
O&L Gets Permit To Construct N$350 Million Solar Park In Germany
By: Staff writer O&L Nexentury GmbH, a subsidiary of the Ohlthaver & List Group, has been granted the advanced water management permit (“gehobene wasserrechtliche Erlaubnis” in German) for the construction and operation of a floating solar photovoltaic park. The permit, from the District Administration Office of Karlsruhe, Germany, will be country’s largest, valued at N$350 […]
Economy Can’t Absorb Returning Asylum Seekers – Expert
By:Fransina Nghidengwa The Namibian economy will be hard pressed to absorb the over 1,000 Namibian asylum seekers in the United Kingdom that will soon be deported back into the country. These were the views of International Relations analyst Marius Kudumo as around 90% of Namiban asylum seekers in the UK are set to be deported […]
Argentina Removes Namibia, Others Jurisdictions From “Non-Cooperative” List
By:Staff writer Argentina’s tax administration has announced the removal of Namibia and 14 other jurisdictions from the government’s list of low- or no-tax jurisdictions for the purposes of tax implications, pursuant to Decree 48/2023, which modifies the list provided by Decree 862/2019, the Society of Trust and Estate Practitioners (STEP) has reported yesterday. The Decree, […]
Sintana Energy Announces Extension To PEL 87, Offshore Namibia
By:Staff writer In its year-end review and 2023 outlook, Canadian oil and gas exploration company, Sintana Energy, said the Namibian government has approved extension to its Petroleum Exploration License 87 (PEL 87). “2022 was a seminal year in Sintana’s history underpinned most notably by our entry into Namibia in March,” said Robert Bose, President and […]
HDF Energy and European Investment Bank partner on Namibia’s first green hydrogen plant
Staff Writer Hydrogène de France SA (“HDF Energy”) group – Euronext Paris: HDF, global pioneer in hydrogen power plants and high-power fuel cell manufacturer, has reached a further step in the development of the Renewable green hydrogen power plant in Swakopmund, by formalising its partnership with the European Investment Bank (EIB) at the 2022 United […]
Europe Must Address Toxic Mix of High Inflation and Waning Growth
By:Nghiinomenwa-vali Erastus The International Monetary Fund’s(IMF) European Department recently cautioned European economies on the toxic mix of slow growth and high inflation which has been causing headache to European policymakers who face severe trade-offs and tough policy choices as they address the situation to prevent it from worsening. The IMF in its end of October […]
FINTECH INNOVATION FRAMEWORK AVAILED, BUT EXCLUDE CRYPTO
Nghiinomenwa Erastus Innovators in the financial space can develop unique economic and technology-led solutions, but they have to be tested by the central BankBank first. Reveal the Financial Technology (Fintech) Innovations Regulatory Framework, signed into effect on 14 October 2021. The framework will generally apply to innovations in payment systems, banking and credit lending activities, […]
GEINGOB ADDRESSES UN GENERAL ASSEMBLY
By: Andrew Kathindi President Hage Geingob has once again called out what is termed ‘Vaccine Apartheid’, stating that the global roll out on vaccines has contributed to inequality. “It is a pity that we have a situation where in some countries, citizens are at the stage of receiving booster shots while in other countries, […]
Lockdown almost dried up blood donations
Ahead of World Blood Donor Day, the Namibia Blood Transfusion Services commemorates the day with campaigns around the country along with hearing the testimonies of those whose lives were saved through blood transfusions. World Blood Donor Day which is on 14 June 2020 will be celebrated under the theme “The need for safe blood is […]