The Governor of the Bank of Namibia, Johannes !Gawaxab, in a recent engagement with the banking Industry, stated that even though Namibia presently enjoys stable monetary and financial conditions, which are essential for macroeconomic stability, sustainable economic development in the post-Covid-19 environment will be elusive unless all stakeholders take meaningfulContinue Reading
Full and active participation in the national, regional and global economy requires our businesses to adopt innovative, smart and appropriate technologies in order to be successful in the fourth industrial revolution, Vice-President, Nangolo Mbumba has said. Speaking last week at the opening of the 14th post Covid-19 edition of theContinue Reading
The Namibia Investment Promotion and Development Board (NIPDB) has launched the inaugural Know2Grow (K2G) NextGen Entrepreneurs – an annual market access and capacity building platform designed to drive the development and acceleration of innovative businesses by young entrepreneurs. The event is scheduled to take place in Tsumeb on 16 toContinue Reading
Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, mines and energy minister, Tom Alweendo said late last week. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. TheContinue Reading
The environment ministry has accepted the scoping report of Renewstable Swakopmund, a green hydrogen power plant in Swakopmund, Erongo region being developed by HDF Energy. HDF Energy Namibia can now proceed with finalising the Environmental and Social Impact Assessment report. Once operational, the project will enhance local clean electricity generation,Continue Reading
Deputy Minister of Mines and Energy, Kornelia Shilunga has expressed concern at how the future of jobs in the mining industry will be protected amid the growing influence of automation in the 4th industrial revolution (41R). Shilunga who was speaking at the opening of the Mining Expo and Conference lastContinue Reading
The Metrology Bill which will repeal the Trade Metrology Act of 1973 and the 2005 Trade Metrology Amendment Act once promulgated has sailed through the National Assembly and has been referred back to the Ministry of Industrialisation and Trade with minor grammatical corrections. This was last week revealed by IndustrialisationContinue Reading
… We want to up-skill Namibians to kick-start the hydrogen economy in Walvis Bay Cleanergy Solutions Namibia – a joint venture between the Ohlthaver & List (O&L) Group and its international Belgium-based partner, CMB.TECH – has been awarded the JCOI / PTX grant which supports the company to set upContinue Reading
Old Mutual Short-Term Insurance Company (Namibia) Limited (OMSIC), has entered into a settlement agreement with the Namibian Competition Commission (Commission) effective 10 August 2022, to resolve litigation in respect of two High Court claims instituted by the Commission against OMSIC. OMSIC has followed all legal procedures as set out inContinue Reading
The Namibian Agronomic Board (NAB) and the Namibian Standards Institution have signed a Memorandum of Agreement (MoA) to transform the agricultural sector and promote food and nutrition security in Namibia through the implementation of regulated standards aimed at governing the production and distribution of selected food items to the nation.Continue Reading
