Author: Hertha Ekandjo
FIC Introduces Two Governance Structures
By: Hertha Ekandjo The Financial Intelligence Centre (FIC), the primary body combating money laundering and terrorism financing in the country, has established two governance structures: the Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation (AML/CFT/CPF) Council…
NWR to Repurpose Hardap Dam Resort due to Declining Occupancy
By: Hertha Ekandjo Namibia Wildlife Resorts (NWR) is set to transform its Hardap Dam Resort into a Conference Lodge after experiencing a dramatic drop in occupancy this year, marking one of the lowest levels in recent years. This…
Food Inflation Declines Sharply in October 2024
By: Hertha Ekandjo The annual inflation rate for food and non-alcoholic beverages in Namibia slowed to 5.1% in October 2024, down significantly from 9.4% in October 2023, according to the Namibia Consumer Price Index (NCPI). This category, which…
Schlettwein Addresses Displacement of Farm Workers in Land Reform Efforts
By: Hertha Ekandjo Minister of Agriculture, Water, and Land Reform, Carl Schlettwein, acknowledged the unintended displacement of farm workers due to the resettlement process as a significant challenge in Namibia’s land reform efforts. These farm workers, left homeless…
Namibia’s Export Earnings Rise by 2.9% in September 2024
By: Hertha Ekandjo Namibia’s export earnings increased by 2.9% in September 2024, reaching N$9.0 billion, up from N$8.7 billion in August. This was revealed in the latest Namibia International Merchandise Trade Statistics Bulletin released by the Namibia Statistics Agency…
Govt Lowers Expected Diamond Sector Revenue by N$2.3 Billion
By: Hertha Ekandjo The government has reduced its projected revenue from the diamond sector for the 2024/2025 fiscal year by more than N$2.3 billion, citing lower global diamond prices and weakened demand. Minister of Finance and Public Enterprises Iipumbu…
New Green Hydrogen Plant and Offshore Wind Farm on the Cards
By: Hertha Ekandjo Namibia is conducting pre-feasibility studies for the development of a green hydrogen plant and an offshore wind farm as part of the Southern Corridor Development Initiative (SCDI) in the //Kharas region. The study will explore…
Nine of 13 FATF Recommendations Partially Addressed … compulsory reporting to begin next month
By: Hertha Ekandjo Namibia has made notable strides in addressing the Financial Action Task Force (FATF) greylisting, having partially fulfilled nine of the 13 recommended actions in a voluntary progress report presented at the recent FATF plenary meeting…
Namibia to Establish 500,000-Ton Renewable Ammonia Plant by 2025
By: Hertha Ekandjo Namibia is set to establish a renewable ammonia plant with a projected capacity of 500,000 tons, scheduled to be completed by the end of 2025. The plant will be located 70 kilometres from Walvis Bay…
Green Hydrogen Sector Could Complement Manufacturing
By: Hertha Ekandjo The green hydrogen sector poses no threat to Namibia’s manufacturing industry and is, in fact, poised to promote green industrialisation by incorporating its own manufacturing elements. This is according to Elaine van der Linden, head…