Hydrogen power plant and fuel cell company Hydrogène de France (HDF Energy) and development finance institution the European Investment Bank (EIB) have formalised their partnership to develop a green hydrogen power plant in Swakopmund, Namibia. “The signing of the agreement is a key step in our longstanding engagement with theContinue Reading
Development Bank of Namibia (DBN) has announced the approval and implementation of a Business Rescue Programme for qualifying businesses financed by the Bank as a possible alternative to liquidation. The programme takes the form of partial conversion of debt into various types of preference shares to be held by theContinue Reading
By Isaack Veii There has always been uncertainty in markets. Recent negative investment returns, coupled with increased inflation and rising interest rates, have not helped much in easing the minds of investors. So, what should investors do? Should investors ‘de-risk’ by moving to money market investments or should they waitContinue Reading
FNB Namibia is providing more convenient ways for customers to update their personal information by availing the option for verification using the Cellphone Banking channel. Document verification and personal information update or validation, also known as Know Your Customer (KYC), is a requirement of FIA (the Financial Intelligence Act, 13Continue Reading
The Recycle Namibia Forum (RNF), a non-profit and membership-driven organisation, recently launched its new education campaign with the introduction of a mascot named Rubbish Ronnie. The launch on 28 October 2022 introduced Rubbish Ronnie, designed to teach children about the 7 R’s and to Rethink Tomorrow by way of songContinue Reading
Around 26 percent of the Namibian population is estimated to suffer from food insecurity and in need of urgent humanitarian assistance. The Capricorn Foundation, under its Vulnerability Programmes, aims to address social issues such as poverty by partnering with like-minded organisations to bring about positive change and at the sameContinue Reading
By Dr. John Steytler Namibia is ranked 91st globally when looking at per-capita GPD, with an income of around US$ 4,730. -Which is not a lot and isn’t when you compare it to a nation like Norway. Their per-capita GDP at present hovers around US$ 67, 000 – per annum.Continue Reading
Osino Resources’ Twin Hills Gold mine, located close to Karibib – and was awarded a 20 year mining license by the mines and energy ministry recently – will cost about US$375 million (approximately N$6.8 billion) to establish. This is contained in the 2021 Sustainability Report of Canadian-listed gold explorer andContinue Reading
Through appropriate management and allocation of oil, gas, and green hydrogen revenues, our country can promote economic diversification and thus build the basis for higher and stable growth, Bank of Namibia Governor, Johannes Gawaxab has said. Gawaxab was speaking at the central bank’s annual symposium held last week which wasContinue Reading
Mines and energy minister, Tom Alweendo has called out the West’s energy transition agenda that has little consideration of the circumstances of developing countries and attempts to dissuade Africa from leveraging all its natural resources. Alweendo highlighted that those leading the agenda have attempted to cajole Africans into an energyContinue Reading
