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
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
THIS month saw the start of a N$110 million spatial biodiversity assessment, prioritisation and planning (SBAPP) project, which is expected to improve environmental planning and monitor the status of indigenous species and ecosystems in four Southern African Development Community (SADC) countries, namely Namibia, South Africa, Mozambique and Malawi. The SouthContinue Reading
AGRIBANK has revealed that Namibians under 35 years of age willing to purchase farmland through Agribank, now have up to 30 years to repay their farmland loans. This move is essentially a five-year extension from the usual 25-year period that is now only applicable to clients above 35 years ofContinue Reading
The past two years have put into sharp focus the need to build economies that are resilient to shocks such as those brought about by global pandemics. Part of building resilient economies is ensuring that they are well diversified not only in terms sources of growth, but also employment, tradeContinue Reading
MINISTER of Agriculture, Water and Land Reform, Calle Schlettwein has dismissed an approach by the Agronomic Producers Association proposing the utilization of existing Green Scheme Irrigation Projects in the north to produce wheat in the 2022 production season. In a statement this week, Schlettwein said that during the preliminary discussionsContinue Reading
The president of the official opposition Popular Democratic Movement (PDM), McHenry Venaani has called for political dialogue following the Chinatown that transpired last resulting in the arrest of NEFF commissariat for economic emancipation, Michael Amushelelo. In a statement over the weekend, Venaani said there was a very strong argument thatContinue Reading
THE recently unveiled Welwitschia Fund that commenced with money estimated around N$300 million will derive its funding from multiple sources, President Hage Geingob has said. The funding sources for the sovereign wealth fund, are comprised of a combination of streams, including a portion of royalties collected from the sale ofContinue Reading
As Toyota dominates the Namibian market in April SIMONIS Storm Securities anticipates new vehicle sales to continue trending upwards as local demand remains resilient, despite Namibia being in an interest rate hiking cycle. The firm’s economist, Theo Klein this week said vehicle sales will also likely be supported by rentalContinue Reading
DUNDEE Precious Metals has said that its Tsumeb smelter has performed below its expectations in the first quarter of 2022, this, attributable to maintenance works at the plant. Announcing its operating and financial results for the first quarter of 2022, the miner said at Tsumeb, while complex concentrate smelted wasContinue Reading
