By Bank Windhoek’s Market Research Analyst, Anton Mushongo. The United States economy is heading toward a recession; this is according to growing concerns from reputable banks and economists in the United States. How will this impact the Namibian economy? Recession is a term used to signify a slowdown in generalContinue Reading
Namibia’s trade deficit exacerbated to N$3.3 billion from the revised deficit of N$619 million recorded in March 2022 and far worse from a surplus of N$365 billion witnessed in April 2021, the Namibia Statistic Agency (NSA) has said. In a trade bulletin released today, NSA noted that on the contraryContinue Reading
Following the appointment of an eight (8) member Namibia Fourth Industrial Revolution (4IR) Task Force by the President Hage Geingob, on 01 July 2021 for a twelve month period, the 4IR Task Force and other stakeholders will host the first Namibia 4th Industrial Revolution Conference and Expo on 7-8 JuneContinue Reading
The preferred bidder for a gigawatt-scale green hydrogen-to-ammonia project near the coastal town of Lüderitz, in Namibia, is aiming to conclude an implementation agreement with government by August, opening the way for a full-scale feasibility study to enable the implementation of the US$10-billion project. Following a competitive bidding process, theContinue Reading
GOVERNMENT is considering green bonds to fund projects using renewable energy to produce hydrogen for export, green hydrogen commissioner, James Mnyupe was quoted saying in an interview at the just concluded World Economic Forum in Davos. Government has already outlined a significant build of facilities, largely due to ideal conditionsContinue Reading
AN engineering, procurement and construction management (EPCM) contractor has been appointed to design and construct a lithium pilot processing plant at the Uis mine in Namibia, technology metals mining company AfriTin has said. This follows metallurgical test work results of the London Aim-listed mining and exploration company showing the successfulContinue Reading
EXPLORER and developer African Pioneer has started a 25 to 30 hole shallow diamond drilling programme on the Ongombo project in Namibia, with six holes thus far intersecting “encouraging” sulphide mineralisation with chalcopyrite at shallow depths. With projects also in Botswana and Zambia, African Pioneer notes that the drill programmeContinue Reading
ALLEGATIONS of uncompetitive practice in the property valuation industry by commercial banks has arisen, with Namibia’s competition watchdog, the Namibian Competition Commission (NaCC) acknowledging that such concerns have been brought to their attention. A complaint recently written to the Commission by property valuer, Mekondjo Alfeus highlights that commercial banks couldContinue Reading
Namibia and five other African countries this week formally launched the Africa Green Hydrogen Alliance, with the aim to make the continent a frontrunner in the race to develop green hydrogen, to accelerate the transition away from a reliance on fossil fuels and to shift to new energy technologies thatContinue Reading
AGRIBANK has revealed that Namibians under 35 years of age willing to purchase farmland through Agribank, now have up to 30 years to repay their farmland loans. This move is essentially a five-year extension from the usual 25-year period that is now only applicable to clients above 35 years ofContinue Reading
