…as demand for weaners in South Africa lowers Live Cattle Exports declined by 1 503 heads from the January level of 9 840 to 8337 heads in February, the Meat Board of Namibia has said in its monthly market watch bulletin. On the other hand, export abattoir slaughter increased byContinue Reading
Sanlam has announced the handover of bursaries and the launch of the 2023 Sanlam Internship Programme first intake, which will provide 15 outstanding students with the opportunity to launch their careers in the financial services industry and help them complete their work-integrated learning requirements. “We all know that education playsContinue Reading
Ashburton Investments Managers recently held a successful two-day Investment Summit that explored opportunities for investors in the current local and global economic landscape. The Summit that took place on 14 and 15 March at Hilton Hotel in Windhoek and Strand Hotel in Swakopmund respectively saw presentations from key experts whoContinue Reading
The Bank of Namibia (the Bank) has announced the launch of Namibia’s firstever Automated Regulatory Reporting System, available to regulated and supervised entities licensed by the Bank to conduct banking, currency exchange, and payment service provision activities from 01 February 2023. The acquisition of the system comes at a timeContinue Reading
In February 2023, the annual inflation rate increased by 7.2 percent compared to 4.5 percent recorded in February 2022, Namibia Statistics Agency (NSA) has said. On a monthly basis, the inflation rate increased by 0.4 percent compared to 1.1 percent recorded a month earlier. “The main contributors to the annualContinue Reading
Government has cast its net on the benefits it intends to derive from the hugely anticipated green hydrogen endeavour, with a draft local content policy having been finalised amid stakeholder engagements to frame a Synthetic Fuels Act. This was last week revealed by Carlo McLeod, Deputy Director, Compliance, Regulations andContinue Reading
The level of international reserves is anticipated to increase in 2023 and are projected to increase by 5.9 percent to N$50.8 billion at the end of 2023, from N$47.9 billion in 2022, the Bank of Namibia (BoN) has said. The projected increase is attributed to an improvement in export revenues,Continue Reading
Deep-South Resources has announced that the High Court of Namibia has rendered its judgment and reviewed and set aside the decision of Mines and Energy Minister, Tom Alweendo not to renew the Haib Copper licence EPL 3140. The effect of the order is that the Minister must resume the licenceContinue Reading
Namibia expects to sign the implementation agreement for its US$10 billion (approximately N$190 billion) green hydrogen project in the second quarter of 2023 and commence feasibility studies, a senior official speaking at the ongoing Africa Energy Indaba 2023 summit said. Last month, the project promoter, Hyphen Hydrogen Energy, signed twoContinue Reading
…as 214MW renewable energy is in the works Kandali Iyambo, Executive Modified Single Buyer at NamPower has said Namibia is working on substituting power imports with local generation. Addressing an Invest in Namibia Roundtable, which was a side event of the Africa Energy Indaba, held at the Cape Town InternationalContinue Reading
