Communities across Namibia grapple with the problem of acacia bushes that encroach on their land. The invasive acacia reduces pastureland available for livestock, sucks up groundwater, and negatively impacts Namibia’s indigenous plant and animal species as it competes for natural resources. Africa Burns Charcoal, a Namibian firm, is addressing theseContinue Reading

Pharmaceutical products supplier, Afripharm Investment (Pty) Ltd has lodged an urgent application with the High Court to seek urgent relief attacking and challenging certain conditions in bid documents in relation to a public procurement bid recently advertised by the Central Procurement Board of Namibia (CPBN) for the supply and deliveryContinue Reading

Namibia has the ingredients to become a renewable energy powerhouse, according to Marco Raffinetti, chief executive of Hyphen Hydrogen Energy, the company selected in November 2021 as the preferred bidder for Namibia’s first hydrogen project. “It has excellent co-located wind and solar resources, large swathes of uninhabited, government-owned land –Continue Reading

…expects overall budget deficit to remain elevated at 7.6% of GDP Fitch Ratings has downgraded Namibia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘BB’. The outlook is stable. In its rating report and among other key issues, Fitch said that Namibia’s modest growth prospects and a rigid expenditureContinue Reading

At the end of last week, mega-retailer Shoprite issued a statement warning customers to be on the alert for identity fraud after a hacking gang claimed to have broken into the Shoprite servers and steal some customer names and ID numbers but no financial information or bank account numbers. ShopriteContinue Reading