With most of Namibia’s fish exports going to Europe and SADC member states, the export bill of fish has increased for the 9th consecutive month, seeing a 60.2% y/y increase in May 2023. According to a report released by Simonis Storm, the export bill rose from N$697 million in MayContinue Reading
…as South Africa cools its demand for Namibian weaners Namibian weaner prices struggled to recover during the second quarter of 2023 and averaged N$24.97/kg by the end of the period. According to the Meat Board of Namibia, this is a decline of 31.7 percent compared to the 2022 level ofContinue Reading
The Namibian Competition Commission (NaCC) has resolved to initiate an investigation against Windhoek Show Society (WSS) and Just Fun Amusements CC (Just Fun Amusements) for alleged anti-competitive conduct. In a statement, the Commission noted that it received a complaint on the 10th of October 2022 from Pioluc Investment CC (theContinue Reading
The Ministry of Finance and Public Enterprises has announced the appointment of a temporary board to MeatCo, for six months, effective from 1st September 2023 to 28 February 2024. The newly appointed board members bring a wealth of experience and expertise to steer Meatco into the future. The following boardContinue Reading
The Development Bank of Namibian (DBN) and KfW Development Bank have signed the second concessional loan of around N$600 million (translating to €30 million) to be used for development of climate-related infrastructure, such as renewable energy, water and low-carbon transport projects. Financing mitigation and adaptation to climate change Climate-appropriate financingContinue Reading
The Communications Regulatory Authority of Namibia (CRAN) Board of Directors this week signed Performance and Governance Agreements with Dr. Peya Mushelenga, Minister of Information and Communication Technology (MICT). The Minister of ICT appointed the CRAN Board Members effective from 01 May 2023 for a period of three (3) years inContinue Reading
President Hage Geingob has said that the Namibian Government has taken note of the public calls for a greater participation in the ownership of newly discovered green hydrogen and oil ventures and work is underway to amend Namibian laws to allow for a certain percentage of mandatory government ownership inContinue Reading
….”its time you start to earn your license to operate” Mines and energy minister, Tom Alweendo has warned investors in the Namibian mining sector that are yet to earn their license to operate. According to him, these are the ones who have failed to create a mutually beneficial relationship withContinue Reading
Namibia imported a total of 4.9 million kilograms of livestock and meat products year to date (YTD), 0.9% lower when compared to the same period last year, research firm Simonis Storm has said. YTD, 75% of imports are pork products, while in 2022 it only consisted of 58% of totalContinue Reading
The African Energy Chamber (AEC) has announced that Namibian President Hage Gottfried Geingob will deliver an opening keynote address at African Energy Week (AEW) 2023, set to take place October 16–20 in Cape Town. In alignment with AEW’s overarching theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet,Continue Reading
