Author: Nghiinomenwa-vali Erastus
Second Lowest Pork Imports Recorded in October
By: Nghiinomenwa-vali Eratus Namibia recorded its second-lowest pork imports of the year in October 2024, with only 35,734 kilograms of pork products brought into the country. This significant reduction has been attributed to an increase in local pork…
Daures Green Hydrogen Pilot Project Nears Completion
By: Nghiinomenwa-vali Eratus The Daures green hydrogen pilot project is over 95% complete, according to Jerome Namaseb, the project’s chief executive officer. The initiative aims not only to be Africa’s first 100% Net Zero green community but also…
CRAN Can Enhance Green Hydrogen Landscape
By: Nghiinomenwa-vali Erastus The Communications Regulatory Authority of Namibia (CRAN) has expressed its readiness to support Namibia’s green hydrogen (GH2) ambitions by creating a regulatory framework that fosters investment, innovation, and collaboration with other government entities. According to…
Khomas Residents Top the List of Loan Defaulters
By: Nghiinomenwa-vali Erastus As of September 2024, 42.9% of non-performing loans (loans unpaid for over three months) in Namibia were held by individuals, according to data from the Bank of Namibia. Non-performing loans (NPLs) currently stand at 5.9%,…
Kunene Gets 66th 4G Broadband Tower
By: Nghiinomenwa-vali Erastus One of Namibia’s least connected regions, the Kunene, has received its 66th network tower, equipped with 2G/GSM for voice and 4G/LTE for mobile broadband services. Mobile Telecommunications Limited (MTC) commissioned the new broadband tower in…
N$37.2 Million Spent on Live Chick Imports to Date…a market for a commercial hatchery exists
By: Nghiinomenwa-Vali Erastus Namibia spent N$37.2 million importing live chicks over the 12 months ending October 2024, according to the Namibia Statistics Agency’s (NSA) monthly trade statistics. On average, the country has spent N$2.9 million per month on…
Govt Seeks to Borrow N$640 Million Today
By: Nghiinomenwa-vali Erastus The government plans to borrow N$640 million from domestic investors today, according to a tender invitation released by the Bank of Namibia last week. The funds will be raised through 14 Internal Registered Bonds (IRBs) and…
BLNE Not Satisfied with Customs Union Revenue
By: Nghiinomenwa-vali Erastus The BLNE economies which are Botswana, Lesotho, Namibia, and Eswatini are concerned that they are not getting a fair share of customs union revenue. These countries are part of the Southern Africa Customs Union (SACU)…
Choppies Fined N$2,2 Million for Backdoor Acquisition of Supermarket
By: Nghiinomewa-vali Erastus The Namibia Competition Commission has fined Choppies Retailer N$2.2 million for acquiring Grootfontein Supermarket and Grootfontein Bottle Store without notifying the regulator. Choppies was fined after the Commission’s investigation found that they contravened Section 44…
Biostimulant Approved for European Market, Faces Local Registration Hurdles
By: Nghiinomenwa-Vali Erastus Namibian startup Kelp Blue has achieved a major milestone with its macrocystis-based biostimulant, StimBlue+, securing the European Union’s CE Mark certification. This certification allows the biostimulant to be distributed freely across all 27 EU member…