The recently launched Integrated Business Strategic Plan (IBSP) for the period 01 April 2023 to 31 March 2026 by the Communications Regulatory Authority of Namibia (CRAN) aims to improve service provision to customers and address the affordability of ICT services in the sector. Launched in line with the provisions ofContinue Reading
Mine and Energy minister, Tom Alweendo has called for responsible use of revenue generated from the country’s diamond resources cognisant that the available diamonds will on day run out. Speaking at Debmarine Namibia’s annual stakeholder engagement, Alweendo highlighted that mining as a major contributor to the Namibian economy, stands atContinue Reading
Chinese battery minerals producer Zhejiang Huayou Cobalt has announced a A$2.5-million (about N$30 million) investment in Australia-listed Askari Metals to advance the exploration of its Uis lithium project, in Namibia. Huayou Cobalt also said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe.Continue Reading
Government’s prosaic resolve to revive the ailing Namibian economy will be spearheaded by supportive supply-side policies, public enterprise reform, identifying strategies for unlocking e-commerce and the possibility of using low-cost renewable energy from the envisaged hydrogen industry with a cocktail of ideas that seek to reposition Namibia on a growthContinue Reading
According to the most recent Namibian Budget for the fiscal year 2023/2024, the government’s expenditure on vehicle purchases is set to increase significantly from a spend of N$55 million to a spend of N$210 million this financial year. This represents a 282% increase in expenditure on vehicles. “The large growthContinue Reading
The successful Namibia Institute of Corporate Governance (NICG) Conference and AGM held last week has advanced the good corporate governance agenda with key discussions primed at not only shifting mindsets but entrenching ethical and best practices. Held under the theme: Mind shift: real contextualised sustainability for Namibia (Contextualising SDGs, ESGs,Continue 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
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
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
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
