Author: Nghiinomenwa-vali Erastus
BoN Questioned on the Cost of the Peg to the Rand
By: Nghiinomenwa-vali Hangala As the Namibian economy continues to struggle to deliver quality growth, while capital flow to business remains low, the business community engaged the Central Bank and Monetary Committee on the cost of the Namibian currency…
About N$16 of Every N$100 Collected by the State Goes to Interest Payments
By: Nghiinomenwa-vali Hangala For every N$100 the state collects, around N$16 is spent on interest payments before a single teacher, clinic or road is paid for according to analysis done by Monasa Advisory and Associate. The firm…
Around 40KM of Rail Line to be Constructed Every Year
By: Nghiinomenwa-vali Hangala The Ministry of Works and Transport has revealed that it will construct more than 40 KM of railway line every year for the next 5 years. This will translate into a new 250 KM…
Govt to Ditch Foreign Market for N$7.1 billion in Financing
By: Nghiinomenwa-vali Hangala The Ministry of Finance has decided to borrow almost all of its budget shortfall from the domestic market. Of the N$29.2 billion financing requirement, N$27.3 billion will be sourced from the domestic market, according…
Angola’s Kwanza Now a Settlement Currency in SADC…Botswana Pula is next
By: Nghiinomenwa-vali Hangala The Angolan kwanza has become the second settlement currency to be introduced in the SADC real-time gross settlement (SADC-RTGS) system, which has settled transactions exclusively in South African rand since its inception in 2013. The South African…
BOSIET Certificate Not a Qualification
By: Nghiinomenwa-vali Hangala Young people aspiring to join the offshore petroleum industry have been warned that obtaining a Basic Offshore Safety Induction and Emergency Training (BOSIET) certificate is not a qualification for employment in the oil and gas sector….
Etango Mine Being Developed by 560 Personnel Across 4 Local Contractors
By: Nghiinomenwa-vali Hangala There are more than 560 contractor workforces from four Namibian contractors currently developing earthworks, civil construction, aggregate production and infrastructure work for the Etango Uranium Mine. This was revealed in the Bannerman Energy Quarterly report for…
Langer Heinrich Mine Completes Ramp-up
By: Nghiinomenwa-vali Hangala The Langer Heinrich Uranium Mine has announced that it has completed its production ramp-up phase, exceeding its FY2026 projected production, sales and cost of production targets. Last quarter which ended on 30 June,…
Venus Well Development and Operation Investment Estimated at US$18bn …over US$2 billion will be spent locally
By: Nghiinomenwa-vali Hangala The Venus well project, which is on the cusp of its Financial Investment Decision (FID), is estimated to require capital development/investment of over US$11 billion in the development phase. If developed, it will further require…
Africa FDIs Mostly Seek Minerals and Hydrocarbons
By: Nghiinomenwa-vali Hangala An analysis of foreign direct investment flows in 2025 shows that they mainly flowed to the extraction of minerals, hydrocarbons, energy infrastructure, and a few selected manufacturing activities. The 2026 World Investment Report broke…