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NCCI Urges Businesses to Adopt Fair Pricing Practices in Public Tenders
By: Justicia Shipena Namibia Chamber of Commerce and Industry (NCCI) has called on the business community, urging them to uphold professionalism and ethical standards when participating in public sector tenders. This appeal was made by NCCI President Bisey /Uirab during the Annual Budget Dialogue 2024, a collaborative event hosted by Standard Bank, NCCI, and […]
Opinion: Three Trends Set To Drive Cyber Attacks in 2024
Scott Sayce Ransomware attacks saw a sharp increase once again over the past year. AI and the increase in mobile-connected devices provide further areas of vulnerability for cybercriminals to exploit. Early detection can reduce the cost of breaches up to a thousandfold. Following two years of high but stable loss activity, 2023 saw a worrying […]
A Nuclear Power Plant in Namibia Could Stabilise Uranium Market Prices, Says Rosatom
By: Justicia Shipena Russian state-owned energy giant, Rosatom, says constructing a nuclear power plant in Namibia could contribute to stabilising uranium prices while enabling the country to achieve energy self-sufficiency. Rosatom’s national manager, Viktor Riedel, emphasised during a media engagement on Thursday night that a domestic nuclear power plant could potentially lead to […]
African Ports Missing Out on Surge in Conflict-Avoiding Ship Traffic
By: Staff Writer Logistics experts have highlighted that African ports, including those in Namibia, are failing to capitalise on the increased ship traffic steering clear of attacks by Houthi rebels in the Red Sea. The continent’s inefficient and ageing ports lack the capacity to accommodate the heightened volumes, experts noted. “Most ports in […]
Pressing Housing Needs Present Both Opportunities and Challenges for Construction Sector
By: Justicia Shipena The pressing need for affordable housing in Namibia is creating both opportunities and challenges for the construction sector, according to economic researcher Halleluya Ndimulunde of Simonis Storm Securities. This comes in light of the City of Windhoek’s authorization of 192 construction plans in February 2024, marking a significant increase from […]
Andrada Mining Plans Full-Scale Lithium Processing Plant
By: Staff writer Andrada Mining has initiated studies for a comprehensive integrated processing plant aimed at producing petalite concentrate alongside its tin and tantalum production operations. In November last year, the company commissioned a pilot project at its Uis lithium mine, subsequently reporting 10 tonnes of lithium concentrate. This production is anticipated to […]
Capricorn Foundation Commits N$1 Million to Towards Desert-based Economy
By: Nghiinomenwa-vali Erastus In a bid boost to the RuralRevive initiative aimed at building economic advancement and sustainable development in the Maltahöhe community, the Capricorn Foundation has pledged N$1 million towards the cause. The partnership between Capricorn Foundation and Wolwedans Foundations, the driving force behind the initiative, was announced with much anticipation. This […]
Opinion: The End of an Era and a Continuation of a Legacy
By: Joseph Jeremia, Gustav Shitaleni and Latifah Simataa In a poignant tribute to the late President Hage Geingob, we mourned the passing of a visionary leader whose words echoed with the depth of his compassion and the sincerity of his convictions. Through his speeches, President Geingob didn’t just articulate policies; he painted a […]
Kavango East Leadership Urges Alweendo to Implement Rural Electrification
By: Annakleta Haikera Leaders in the Kavango East Region are urgently calling on the Ministry of Mines and Energy to prioritise the needs of the people by accelerating rural electrification efforts in the region and incorporating provisions for solar energy solutions. The regional leadership contends that over the past 34 years, rural electrification […]
Andrada Mining Secures N$175 Million Loan… plans 5MW Uis solar plant
By: Staff Writer Andrada Mining’s subsidiary, Uis Tin Mining Company (UTMC), has secured a conditional credit-approved funding agreement of N$175 million with Bank Windhoek, marking a significant milestone for the company’s expansion plans. This new loan agreement will replace UTMC’s existing banking facilities of N$111.3 million with Standard Bank Namibia, which were secured […]