Author: Nghiinomenwa-vali Erastus
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…
12 Ohangwena Schools Empowered with Textbooks
By: Nghiinomenwa-Vali Erastus NamWater has provided textbooks worth N$240,701 to 12 schools in the Ohangwena region as part of its corporate social investment initiative. The books were handed over to the schools during a ceremony at Kaupumhote Nghituwamhata…
N$14 Million Required for Work-Integrated Learning
By: Nghiinomenwa-Vali Erastus Namibia needs N$14 million annually to provide Work-Integrated Learning (WIL) opportunities for approximately 1,600 students each year, according to MTC, the programme’s initiator. The WIL programme is designed to support students who must complete practical…
NAB Aims to Commercialise Mahangu
By: Nghiinomenwa-vali Erastus The Namibia Agronomic Board (NAB) is pushing to commercialise mahangu, a staple crop widely grown for household consumption in Namibia, yet often imported during times of drought. In its latest newsletter, Gilbert Mulonda, NAB’s General…
One River, Four Nations: The Orange River’s Economic Lifeline
By: Nghiinomenwa-vali Erastus The Orange-Senqu Basin, spanning over 1 million square kilometers across Southern Africa, supports more than 60% of the region’s economy despite contributing less than 5% of its water resources. This makes the basin one of…