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
…as 300 boreholes in the Nama area potentially need rehabilitation in the next 10 years At the beginning of this month, the German Embassy together with the local NGO Maltahöhe CommonWaters Organisation signed a grant agreement to finance the rehabilitation of existing boreholes in the area of Maltahöhe in theContinue Reading
The struggle for the economic emancipation of Namibians requires new heroes and heroines, and this is the time for them to step forward to the challenge, President Hage Geingob has said. Geingob who was speaking at the Heroes Day celebrations in Mariental on Friday highlighted that just as the liberationContinue Reading
This week, the nations of the MSGBC basin, their African allies, international oil companies and investors will convene to write a future for African energy that develops Africa. Notable amongst those countries stepping in to explore synergies with their MSGBC counterparts is Namibia, a nation with 11 billion barrels ofContinue Reading
…takes Omaruru electrification tally to 815 houses Erongo RED has connected 107 houses at the Kapekaha informal settlement located at the outskirts of Ozondje suburb in Omaruru. Erongo RED has electrified over 815 houses in Omaruru alone compared to other areas in the region. Benitha Imbamba who represented the GovernorContinue Reading
The recently launched Namibia Aviation and Connectivity Forum has installed working groups made of technocrats tasked with the responsibility of researching, consulting and deliberating on pressing issues in the aviation industry with a view to develop industry recommendations. The working groups identified will tackle regulatory reforms, training and skills development,Continue Reading
As at the 31st of July 2022, the stock of international reserves stood at N$49.2 billion compared to N$43.9 billion at the end of May 2022, the Bank of Namibia has said. The Bank noted that the increase in international reserves was mainly due to SACU receipts, diamond proceeds andContinue Reading
…emphasises the importance of mutually beneficial deals Mines and Energy minister, Tom Alweendo has told potential Green Hydrogen (GH2) investors that while Namibia would be a committed partner, envisaged investments have to be mutually beneficial to both them as investors and Namibia as the host country. Alweendo was speaking atContinue Reading
The final award ceremony and Pitch Night for the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative in Oshakati created some memorable moments as this concluded the OM SEED initiative for 2022. Three entrepreneurs from Oshakati won their share of N$85 000, and showcased the determination and driveContinue Reading
