The Macroprudential Oversight Committee (MOC) of the Bank of Namibia (BoN) has concluded that despite the prevailing risks and vulnerabilities, the financial system remains sound, thus requires no macroprudential policy interventions at this stage. At its second meeting of the year on the 8th of December 2022 to assess vulnerabilitiesContinue Reading
Namibia presidential economic adviser James Mnyupe has stressed the potential for the green hydrogen projects in South Africa and southern Namibia to complement each other in unlocking a large-scale green hydrogen industry by developing cross-border pipeline and electricity infrastructure. Speaking at the South Africa Green Hydrogen Summit in Cape TownContinue Reading
Credit uptake by foreigners which makes up 6.5% of total private sector debt increased by 1,571.5% y/y and 0.6% m/m in October 2022, a report by Simonis Storm Securities reveals. The report notes that credit uptake by corporates which makes up 39.1% of total private sector debt grew by 3.1%Continue Reading
Multinational energy company RWE and green energy developer Hyphen Hydrogen Energy have signed a memorandum of understanding (MoU) that could see RWE buy up to 300 000 t/y of green ammonia from Namibia from 2027. Ammonia is one of the most common basic materials in the chemical industry. More thanContinue Reading
The Old Mutual Foundation, in partnership with the African Leadership Institute (ALI) and the Ministry of Education, Arts and Culture, has concluded the Old Mutual School Transformation Leadership Programme (STLP). The programme is aimed at empowering leaders in the education sector, specifically principals and head of departments, to upskill themContinue Reading
By Erastus Ngaruka As Namibian farmers eagerly anticipate a favourable rainy season as forecasted, however, the signs of climate change still linger. Every rainy season has become spatially and temporally unique in terms of its initiation, intensity, distribution, and duration. This means farmers need to continuously prepare for every rainyContinue Reading
The Agra Group has attained net profit before tax of more than N$100 million for the 2021/2022 financial year, for the very first time, the company revealed at its recently held Annual General Meeting. At the meeting, Ryno van der Merwe, chairman of the Agra board of directors highlighted theContinue Reading
With much anticipation, Namibia Breweries Limited (NBL), a subsidiary of the Ohlthaver & List (O&L) Group, has launched their latest responsible drinking campaign – “Take a Second” – designed and executed by full-service agency and fellow O&L subsidiary, O&L BrandX. The latest edition to NBL’s longstanding commitment to responsible drinking,Continue Reading
Angola’s Ministry of Mineral Resources, Petroleum and Gas and Namibia’s Ministry of Mines and Energy signed a Memorandum of Understanding (MoU) at this year’s Angola Oil & Gas (AOG) 2022 Conference and Exhibition in Luanda which will enhance bilateral cooperation in the petroleum and natural gas sector and improve theContinue Reading
Senior engineer for power supply at the Electricity Control Board (ECB), Lameka Amuanyena has revealed that Namibia’s new electricity connections are currently in the range of 2,000 – 4,000 connections per annum which drastically falls short of the country’s bid to achieve universal access by 2040. At this rate, AmuanyenaContinue Reading
