As Namibia’s second important discovery in recent weeks, Namibia’s oil and gas industry is set to create an influx of new investment, and local content opportunities for the country. The African Energy Chamber sat with Ian Cloke, COO Afentra to discuss the enormous potential of what could engineer Namibia’s newContinue Reading
Representatives from several major U.S. companies have begun a visit to explore investment and commercial opportunities in Namibia. Ms. Akunna Cook, a visiting senior State Department Official responsible for the United States’ economic diplomacy for all of Africa, will lead the delegation that includes officials from the U.S. Department ofContinue Reading
The Development Bank of Namibia (DBN) has responded to the Black Business Leadership Network of Namibia (BBLN)’s petition by stating that it has been and remains responsive to economic challenges faced by entrepreneurs in the country in line with its legal mandate and strategic business objectives. The Bank proactively respondedContinue Reading
Namibia’s premier digital enabler, MTC, and the Environment Investment Fund (EIF), through the National Plant Genetic Resource Centre (NPGRC/Genebank), sponsored a sum of N$400 000 (N$200 000 each) for the establishment of a rural community Seedbank in Kavango West region, Ncuncuni constituency. Namibia’s national seed bank protects and save seedsContinue Reading
Prospects have started to improve for the logistics sector in Namibia as the rest of the world gradually recovers from the COVID-19 pandemic. This sector is important for the growth of the Namibian economy, as Namibia is well-placed to be a logistics hub for its landlocked neighbours. The Walvis BayContinue Reading
Meatco CEO Mwilima Mushokabanji has revealed that as part of Meatco’s long term strategy to profitability, Meatco’s debts with commercial banks have to date been reduced by 70 percent. He in a statement this week also revealed that between 2019 and 2021 – the harshest period in Namibia’s drought season,Continue Reading
THE Construction Industries Federation of Namibia (CIF) has expressed concern over housing cost increases caused by new project specifications, unwarranted delays, which ultimately also impact the cost in every stage of a house building project, which then also escalates the price for the end-user. The federation this week said thatContinue Reading
ACHIEVING a high level of vaccine coverage is not only key to ending the pandemic but is also critical to getting economies across the world back onto an upward growth trajectory in the short term, Ruusa Nandago, FirstRand Namibia economist has said. Reiterating that vaccine policy is economic policy, NandagoContinue Reading
With only one and half months left of its financial year, the Namibian Ports Authority (Namport) has recorded an increase of 252 vessel (24 percent) calls during April 2021-January 2022, in comparison to the same period in 2020/2021’s financial year. The increase in vessel calls was predominantly due to increasedContinue Reading
Development Bank of Namibia opens expanded office in Walvis Bay, Erongo Development Bank of Namibia has inaugurated its expanded office in Walvis Bay on 14 February 2022. The office is expected to serve towns in the Erongo region as well as some entrepreneurs and enterprises in the Kunene region. InContinue Reading
