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 […]

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 […]

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 […]

By:Hertha Ekandjo The Ministry of Environment, Forestry and Tourism started capacitating different communities through education in basic fire prevention and fire fighting late last month. This is according to the Environment Ministry’s fire management focal person, Micheal Otsub. The South Korean government has donated N$1,042 million (U$70,000) to the Ministry of Environment, Forestry and Tourism […]

By:Annakleta Haikera Kavango East and West farmers say the Namibian government has a dependency syndrome while they have all the agri-products within the country. They were speaking on Thursday when the Minister of Agriculture, Water and Land Reform Carl Schlettwein handed over the newly revamped Rundu abattoir to the Meat Corporation of Namibia (Meatco). The […]

By:Justicia Shipena Credit extended during the month of July to the private sector currently stands at N$119.2 billion, with 55% owned by families, 38% by businesses, and 6% held by foreigners, the Simonis Storm’s Securities’ latest report stated. This comes as private sector credit extension expanded by a paltry 0.035% month on month in July […]

Justicia Shipena Finland says it is busy searching for Finnish companies to collaborate on its Green Hydrogen initiatives in Namibia. During an interview with Eagle FM during the Mining Expo and Conference, the Finnish Ambassador for Trade and DevelopmentMinistry for Foreign Affairs, Eija Rotinen stated that while her country does not have large corporations to […]

By:Kandjengo kaMkwaanyoka Before I go further, I want to confess that I am from Oshakati, Okandjengedi pokeefe yatate Jesaya. I just want to pick a fight with the leadership in charge of my place of birth, the youth and economic facilitators there, and then myself. Colleagues, does anyone know what is happening in Oshakati, economically? […]