Government has cast its net on the benefits it intends to derive from the hugely anticipated green hydrogen endeavour, with a draft local content policy having been finalised amid stakeholder engagements to frame a Synthetic Fuels Act. This was last week revealed by Carlo McLeod, Deputy Director, Compliance, Regulations andContinue Reading
The level of international reserves is anticipated to increase in 2023 and are projected to increase by 5.9 percent to N$50.8 billion at the end of 2023, from N$47.9 billion in 2022, the Bank of Namibia (BoN) has said. The projected increase is attributed to an improvement in export revenues,Continue Reading
Deep-South Resources has announced that the High Court of Namibia has rendered its judgment and reviewed and set aside the decision of Mines and Energy Minister, Tom Alweendo not to renew the Haib Copper licence EPL 3140. The effect of the order is that the Minister must resume the licenceContinue Reading
Namibia expects to sign the implementation agreement for its US$10 billion (approximately N$190 billion) green hydrogen project in the second quarter of 2023 and commence feasibility studies, a senior official speaking at the ongoing Africa Energy Indaba 2023 summit said. Last month, the project promoter, Hyphen Hydrogen Energy, signed twoContinue Reading
…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
Bank Windhoek’s Chief Treasurer, Claire Hobbs, said climate change would only be harmful if interventions to increase resilience are not practised worldwide. Hobbs said this when she launched the Bank’s Sustainability Loan Awareness Campaign in Windhoek on Wednesday, 8 March 2023. “Bank Windhoek is committed to providing unique financial solutionsContinue Reading
Namibia’s only special risk insurance company, Namibia Special Risks Insurance Association Limited (NASRIA) has donated N$130 000 worth of items to assist flood victims in the Ohangwena region. The items donated come in the form of 4 water tanks with a carrying capacity of 2500 litres and also 4 classroomContinue 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 Elzita Beukes How many of us look forward to collapsing on the couch to watch our favourite series at the end of a long day? Or, getting the family together for the traditional Sunday night movie? While entertainment has long been viewed as a way to relax, it’s comeContinue Reading
If one were to ask an ordinary Namibian what they were doing with their leftover cash at the end of the month, they might just look at you wondering on what planet you are and which bus they had missed. After a few years of economic downturn and large-scale retrenchments,Continue Reading
