Namibia, India and countries of the Global South joined hands last week on the theme of ‘Energy Security and development: Road map to Prosperity’ in the Energy Ministers’ session of the ‘Voice of the Global South Summit’ hosted by India virtually. Tom Alweendo, Minister of Mines and Energy of Namibia,Continue Reading
The Low Volume Sealed Road Strategy (LVSRS) – government’s latest cost saving strategy to upgrade highly trafficked Namibian gravel roads, is on course to rehabilitate at least 220km of the national road network at estimated cost savings of up to 25%, Business Express understands. Being implemented by the Roads AuthorityContinue Reading
The prolonged nightmare being experienced by the construction sector has continued with the latest Gross Domestic Product statistics for the third quarter of 2022 showing that the sector has suffered a decline, now for the fifth consecutive quarter. A contraction of 10.0 percent in real value added recorded during theContinue Reading
The Namibia International Energy Conference (NIEC) returns on 25 – 27 April 2023 under the theme, ‘Shaping the future of energy towards value creation.’ Under the Patronage of the Ministry of Mines and Energy and it’s Minister, Tom Alweendo. This fifth installment of the energy industry thought leadership gathering takesContinue Reading
By Geneva Hanstein The Communications Regulatory Authority of Namibia (CRAN) launched the National SIM Registration Awareness Campaign on 07 June 2022. The objective of the campaign is to create awareness and to educate consumers on the importance of SIM Registration. During the campaign, consumers raised concerns on the protection ofContinue Reading
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
