Currently, Paratus Namibia is investing approximately N$10 million per month on infrastructure expansion, including both fibre and Mobile LTE roll-out, Managing Director of Paratus Namibia, Andrew Hall has said. “In addition to building the landing station for the new Equiano submarine cable and a new data centre in Windhoek, anContinue Reading
The recently launched Africa Green Hydrogen Alliance, with Kenya, South Africa, Namibia, Egypt, Morocco and Mauritania as its inital members, aims to position Africa as a frontrunner in the race to develop green hydrogen. The countries launched the alliance at the first Green Hydrogen Global Assembly in Barcelona, with supportContinue Reading
By Bank Windhoek’s Market Research Analyst, Anton Mushongo. The United States economy is heading toward a recession; this is according to growing concerns from reputable banks and economists in the United States. How will this impact the Namibian economy? Recession is a term used to signify a slowdown in generalContinue Reading
Namibia’s trade deficit exacerbated to N$3.3 billion from the revised deficit of N$619 million recorded in March 2022 and far worse from a surplus of N$365 billion witnessed in April 2021, the Namibia Statistic Agency (NSA) has said. In a trade bulletin released today, NSA noted that on the contraryContinue Reading
Following the appointment of an eight (8) member Namibia Fourth Industrial Revolution (4IR) Task Force by the President Hage Geingob, on 01 July 2021 for a twelve month period, the 4IR Task Force and other stakeholders will host the first Namibia 4th Industrial Revolution Conference and Expo on 7-8 JuneContinue Reading
Finance Minister, Iipumbu Shiimi has said uranium miners are waiting for prices to recover before reviving projects in the ore, which is needed for nuclear power in a world shifting away from fossil fuels. Namibia is investing in water facilities and is planning a second desalination plant to supply minesContinue Reading
The preferred bidder for a gigawatt-scale green hydrogen-to-ammonia project near the coastal town of Lüderitz, in Namibia, is aiming to conclude an implementation agreement with government by August, opening the way for a full-scale feasibility study to enable the implementation of the US$10-billion project. Following a competitive bidding process, theContinue Reading
GOVERNMENT is considering green bonds to fund projects using renewable energy to produce hydrogen for export, green hydrogen commissioner, James Mnyupe was quoted saying in an interview at the just concluded World Economic Forum in Davos. Government has already outlined a significant build of facilities, largely due to ideal conditionsContinue Reading
RESPONDING to government’s growth at home initiative, medical equipment manufacturer, Fuda Medical has embraced linen saver manufacturing which would significantly bring down Namibia’s costs for importing these medical products. Established in 2019, Fuda Medical, which specialises in the production and sales of linen savers (Under pads and medicines plastic bottles),Continue Reading
TOGETHER with general expectations for beef prices to continue rising owing to growing demand in China, the current environment should incentivize farmers to re-stock herds and increase production despite input costs mounting, Theo Klein, an economist with Simonis Storm Securities has said. Cattle slaughtering increased by 16.4% y/y in AprilContinue Reading
