…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
Small and Medium Enterprise (SME) development is a priority for governments and financial institutions worldwide. This statement was made by Bank Windhoek’s Executive Officer of Business Banking, Leon Koch, when he announced that the Bank had completed all necessary arrangements to support the Namibian Government’s SME Economic Recovery Loan SchemeContinue Reading
By Efraim Paulus Namibia has made significant strides in improving food safety in recent years, but there is still work to be done. One area that deserves attention is the informal food sector, which is often overlooked when it comes to regulations and standards. Informal food traders are an essentialContinue Reading
Research experts, Simonis Storm have predicted that petrol and diesel prices could move closer to N$23 per litre by mid-2023 as its conservative or base scenario forecast while in the extreme scenario, the firm sees local fuel prices at N$25 per litre. In their latest announcement, the Ministry of MinesContinue Reading
The National Petroleum Corporation of Namibia (NAMCOR), in partnership with Shell and QatarEnergy, has announced a light oil discovery in the Jonker-1X deep-water exploration well. The well was drilled in Block 2913A & 2914B (PEL 0039) in the Orange Basin, offshore southern Namibia. The drilling operations commenced in December 2022Continue Reading
FirstRand Namibia Economist, Ruusa Nandago says the expected Southern African Customs Union (SACU) revenues are a welcome relief to the fiscus as they provides an upside to government revenue which is expected to increase by 16.5% from N$64.1bn in FY22/23 to N$74.7bn in FY23/24. In the 2023/24 National Budget tabledContinue Reading
Government has set its sights on potential dividends of at least N$2.5 billion from its high performing entities – cash cows – as it looks forward to positive revenue to fund the 2023-2024 national budget which was tabled last week and is in excess of N$84 billion, Business Express understands.Continue Reading
The Namibian uranium sector is not only recovering from a global slump but is also, in fact, growing, owing to uranium prices improving amid positive supply and demand fundamentals, says Namibian Uranium Institute (NUI) executive director Dr Gabi Schneider. “Besides a few ebbs and flows over the past decade, theContinue Reading
Capricorn Group Limited created value of N$2.15 billion during the six months ended 31 December 2022, which was shared by its main stakeholders including employees, government, ordinary shareholders and suppliers among others. The Group last week expressed that it had achieved solid results with profit after tax for the sixContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) has notified that since Friday, 17 February 2023, it commenced with the auctioning process for radio frequency spectrum bands 694-790 MHz and 790-862 MHz allocated to International Mobile Telecommunications (IMT) services on a primary basis. These spectrum bands are commonly referred to asContinue Reading
