Industrialisation and Trade Minister, Lucia Iipumbu has defended Hyphen Hydrogen as the preferred bidder of Namibia’s N$190 billion EU-backed green hydrogen deal amid criticism of the tender process and of Hyphen’s CEO. Further, the financial structure of the deal, through tax havens, has raised concerns over Namibia’s ability to levyContinue Reading
India approved the export of 1,000 metric tonnes of non-basmati white rice to Namibia through National Cooperative Exports Ltd. As of July 20, 2023, exports of non-basmati white rice had been banned to bolster domestic supply. However, the government may grant export permissions to specific countries upon request to helpContinue Reading
Agriculture minister Calle Schlettwein has said that not even the capital, Windhoek will be safe from a devastating drought if rains do not come by October. He adds that if this was to happen, “there could be disaster”. Already one of the driest places in the world, the lack ofContinue Reading
The Youth in Oil and Gas Summit, held at the Naraville Community Hall on July 27th, marked a significant milestone in the Namibian oil and gas sector. This pioneering event brought together industry leaders, experts, and enthusiastic youth to foster career guidance, skills development, and networking opportunities in the dynamicContinue Reading
Household credit uptake in June 2024 increased to 2.7% y/y, up from 2.2% y/y in the previous two consecutive months. According to Simonis Storm, this represents the highest household credit growth in 2024, though it remains below 2023 levels. “All categories within the household sector saw growth in June 2024,Continue Reading
De Beers’ operations in Namibia saw an 8% decline in the first half 2024 with the company sating that its overall revenue experienced a 21% decline in the same period. The diamond mining company highlighted in its financial report that a global decrease in diamond demand and increased competition createdContinue Reading
Trigon Metals Inc said it beat its production targets in the fourth quarter ended March 31, 2020 by extracting 97,525 tonnes of ore grading 1.15% copper from its Kombat copper mine in Namibia. That was ahead of the planned 90,000 tonnes, and included 85,365 tonnes of ore from the openContinue Reading
Old Mutual Namibia Short-Term Insurance (OMSIC) has announced that it has been voted the 2024 Best Short-Term Insurance company in the prestigious Best of Namibia campaign. This recognition highlights Old Mutual Namibia’s commitment to excellence, innovation, and superior customer service in the Namibian insurance industry. The Best of Namibia campaignContinue Reading
Today, Dr. Esperance Luvindao, in partnership with OSAAT Africa Health Foundation and MENGA Healthcare Technology will unveil MENGA. MENGA is a digital health solution invented by Dr. Luvindao and has been in the works for the past couple of years with the aim of assisting patients throughout African Semi-Rural AreasContinue Reading
Old Mutual Namibia has announced the appointment of Natasha Winkler as the new Managing Director of Old Mutual Namibia Finance (OMFIN) as of 1 August 2024. Natasha brings with her a wealth of experience in the financial services industry, particularly within the Retail and Business segments. She is a resourcefulContinue Reading
