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Angola, Nigeria Resist Oil Production Cut Plans
By: Nghiinomenwa-vali Erastus Angola and Nigeria have expressed their intent to defy the directives by the Organisation of the Petroleum Exporting Countries and Allies (OPEC+) urging member states to reduce oil production in an attempt to stabilise the market. The Ministry of Mines and Energy (MME), in its latest Fuel Price Review Announcement, confirmed this […]
Decline in Local Travels Irks Hospitality Association
By: Justicia Shipena The Hospitality Association of Namibia (HAN) has reported a decline in local travel for the current year, indicating a departure from the trend observed in 2019. Gitta Paetzold, the organisation’s CEO, expressed concern over the relatively low participation of Namibians in domestic travel, aligning with similar sentiments from Namibia Wildlife Resorts (NWR). […]
Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments in healthy oceans and blue economies aligned with Sustainable Development Goal 14 (SDG 14). Kelp […]
Namibia Eyes N$372 Billion for a Sustainable Fuels Industry
By: Justicia Shipena Namibia is eyeing a financial commitment exceeding U$20 billion (N$372 billion) to establish a thriving green fuels industry. President Hage Geingob unveiled this ambitious plan during the high-level segment of the 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change. Namibia’s green fuels ambitions were initially announced […]
Govt Faces N$34.5 Billion Debt Repayment Challenge
By: Nghiinomenwa-vali Erastus The government faces the substantial task of repaying N$34.5 billion to investors as its bonds mature over the next four years. Bonds due for repayment in this obligation include GC24, GC25, GC26, GI25, GI27, and Eurobond 2025. To mitigate this looming financial challenge, Finance minister, Iipumbu Shiimi, outlined the strategy of rolling […]
N$200 Million To Recruit New Teachers Has Already BeenSpent – Steenkamp
By: Annakleta Haikera The Ministry of Basic Education has revealed that the N$200 million earmarked for the recruitment of unemployed teachers has already been utilised. Responding to protests by hundreds of teachers who decry what they perceive as a teacher unemployment crisis, the ministry’s executive director Sanet Steenkamp said over N$200 million has already been […]
Namibia and Japan Strengthen Ties with Carbon Capture Financing Agreement
By: Justicia Shipena Namibia formalised its partnership with Japan by signing a Memorandum of Understanding (MoU) with the Japanese Bank for International Cooperation during the Conference of the Parties (COP 28). The agreement, spanning economic, environmental, and social sustainability, closely aligns with Namibia’s climate objectives. At the heart of this collaboration is a shared commitment […]
Kavango Communal Farmers Prepare for 2024 Crop Season
By: Annakleta Haikera As the rainy season unfolds, communal farmers in both Kavango regions are actively ploughing their fields in anticipation for the millet and maize season. However, some farmers are still finding it difficult due to limited access to oxens, seeds, and the high cost of tractor services.. The Villager visited various areas in […]
Namibia Advances Renewable Energy Access in Africa at COP28
By: Justicia Shipena Leaders of the Accelerated Partnership for Renewables in Africa (APRA) have solidified their commitments to address energy access, security, and promote green growth across the continent. The groundbreaking move to drive the renewable energy transition in Africa, was formalised in a joint declaration by the APRA leaders during the COP28 taking place […]
On-hoof Cattle Exports Declines as Fish Maintains Top Non-Mineral Spot
By: Staff Reporter Namibia experienced a 35.9% year-on-year (y/y) decrease in live cattle exports in October 2023, contrasting with a substantial 179.2% y/y surge in beef exports. The European Union emerged as the primary destination, trailed by South Africa and the United Kingdom, according to Simonis Storm Securities. During the same period, live sheep exports […]