Estonian Centre for International Development (ESTDEV) recently unveiled 11 projects in Africa that have been awarded funding, of which six take place in Namibia and three in collaboration with the Namibia Investment Promotion and Development Board (NIPDB). As one of the priority areas of development cooperation between Estonia and NamibiaContinue Reading
Following a survey instituted into Namibia’s tourism sector, research experts Simonis Storm has said that despite the survey showing a contribution of about 4% to nominal GDP, they believe the true contribution to be in the region of 15% to 18% of the Namibian economy. Of the eight associations inContinue Reading
Namibia Chamber of Commerce and Industry (NCCI) president, Bisey Uirab has said that although an often-difficult task and one that requires reversing certain long entrenched economic and social practices, NCCI calls on all Namibian businesses to embrace value addition. In a statement at the at the UNDP private sector engagementContinue Reading
With most of Namibia’s fish exports going to Europe and SADC member states, the export bill of fish has increased for the 9th consecutive month, seeing a 60.2% y/y increase in May 2023. According to a report released by Simonis Storm, the export bill rose from N$697 million in MayContinue Reading
…as South Africa cools its demand for Namibian weaners Namibian weaner prices struggled to recover during the second quarter of 2023 and averaged N$24.97/kg by the end of the period. According to the Meat Board of Namibia, this is a decline of 31.7 percent compared to the 2022 level ofContinue Reading
The Namibian Competition Commission (NaCC) has resolved to initiate an investigation against Windhoek Show Society (WSS) and Just Fun Amusements CC (Just Fun Amusements) for alleged anti-competitive conduct. In a statement, the Commission noted that it received a complaint on the 10th of October 2022 from Pioluc Investment CC (theContinue Reading
The Ministry of Finance and Public Enterprises has announced the appointment of a temporary board to MeatCo, for six months, effective from 1st September 2023 to 28 February 2024. The newly appointed board members bring a wealth of experience and expertise to steer Meatco into the future. The following boardContinue Reading
The Development Bank of Namibian (DBN) and KfW Development Bank have signed the second concessional loan of around N$600 million (translating to €30 million) to be used for development of climate-related infrastructure, such as renewable energy, water and low-carbon transport projects. Financing mitigation and adaptation to climate change Climate-appropriate financingContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) Board of Directors this week signed Performance and Governance Agreements with Dr. Peya Mushelenga, Minister of Information and Communication Technology (MICT). The Minister of ICT appointed the CRAN Board Members effective from 01 May 2023 for a period of three (3) years inContinue Reading
President Hage Geingob has said that the Namibian Government has taken note of the public calls for a greater participation in the ownership of newly discovered green hydrogen and oil ventures and work is underway to amend Namibian laws to allow for a certain percentage of mandatory government ownership inContinue Reading
