Author: Nghiinomenwa-vali Erastus
Second Largest Solar Plant Built in Just Six Months
By: Nghiinomenwa-vali Erastus The Namibia HyIron-Oshivela project has invested in a 25-megawatt solar plant to power its plans of producing green iron and start the decarbonising of the steel industry. Built in just six months, the solar facility…
Planned Byness Hydro Funds Yet to Be Secured
By: Nghiinomenwa-vali Erastus Namibia and Angola are yet to secure funding for the Baynes Binational Hydropower Project with less than three years remaining before the project construction begins in 2027. Mines and Energy Minister Tom Alweendo there is…
N$26 Million of Bank Windhoek Sustainability Bond Allocated to Agriculture
By: Nghiinomenwa-vali Erastus During its fifth Agriculture Series, Bank Windhoek reaffirmed its commitment to supporting Namibia’s agriculture sector by allocating a portion of its first Sustainability Bond to the industry. The Villager Business Desk has confirmed that of…
Africa Advised to Ditch US Dollar to Reduce Cross-Border Trade Costs
By: Nghiinomenwa-vali Erastus In a recent interview with Bloomberg Africa, a Standard Bank Group analyst highlighted that intra-African trade could see significant improvements if African nations eliminate the US dollar from their cross-border transactions. Tunde Macaulay, head of…
DBN’s Balance Sheet Affected by Oil Storage Loan
By: Nghiinomenwa-Vali Erastus The Development Bank of Namibia (DBN) has reported a decline in its balance sheet, primarily attributed to the accelerated runoff from the National Energy Fund (NEF) oil storage loan exposure. The bank’s total balance sheet…
Germany to Address ‘Dark Doldrums’ with 70% Green Hydrogen Imports… direct reduced iron seen as a key solution for green hydrogen transport
By: Nghiinomenwa-vali Erastus In a bid to decarbonize its energy system, the German government plans to meet its green hydrogen needs by importing 50-70% of its supply by 2030. This strategy aims to offset shortages during periods of…
Govt to Borrow N$4.6 Billion by March 2025 … budget shortfall rises to N$15.1 billion
By: Nghiinomenwa-vali Erastus The government plans to borrow N$4.6 billion between November 2024 and March 2025 to cover its budget commitments for the 2024/25 financial year. This will help address the revised budget deficit, with total government spending…
Govt Slow at Implementing Capital Projects
By: Nghiinomenwa-vali Erastus As of September 30, 2024, only 37% of Namibia’s development budget (N$12.8 billion) has been spent, including expenditure commitments, according to the latest update from Finance Minister Iipumbu Shiimi. This sluggish pace in executing capital…
Namibia Hydrogen Fund to Invest in HyIron’s Oshivela Project
By: Nghiinomenwa-vali Erastus Namibia Hydrogen Fund Managers has committed development funding to HyIron’s Oshivela Project, aiming to boost green iron production using hydrogen instead of carbon. Announced in a joint statement last week, the investment seeks to expand…
Getting Sick in Namibia is a Costly Nightmare … the true cost of health in Namibia
By: Nghiinomenwa-Vali Erastus Have you ever wondered what it truly costs to get sick in Namibia? Picture this: being admitted in ageing public health facilities like the Katutura, Onandjokwe or the Windhoek Central Hospital that are always struggling…