Author: Nghiinomenwa-vali Erastus
Companies Fined Over N$13 Million for Anti-Competitive Practices
By: Nghiinomenwa-vali Erastus The Namibia Competition Commission said it imposed N$13.1 million in penalties on various companies for engaging in anti-competitive behaviour between August, 2022 and December last year. Most of these penalties stemmed from collusion among insurance…
NBL Invests N$3 Million in Local Rugby Development
By: Nghiinomenwa-vali Erastus The Namibia Breweries Limited (NBL) has allocated N$3 million towards the development of rugby in the country, aiming to facilitate participation in local, regional, and global tournaments. This investment was announced in a recent press…
NDTC Graduates 3 Local Diamantaires
By: Nghiinomenwa-vali Erastus The Namibia Diamond Trading Company (NDTC) graduated its first cohort of local diamond cutters and polishers under its Enterprises Development Programme (EDP). The company revealed this last month during its financial year (2023) performance update….
Only N$165.1 Million Switched from GC24’s N$2.3 Billion
By: Nghiinomenwa-vali Erastus In its fifth attempt to persuade investors holding GC24 bonds to switch to other long-term bonds, the Bank of Namibia only managed to move about N$165 million of the total bond value. The Bank of…
More Than 21,000 Tons of Uranium Oxide Exported Since 2021
By: Nghiinomenwa-vali Erastus Namibia has exported a total of 21,639 tons of uranium oxide produced between 2021 and 2023 to various global markets. This output stems from just two mines, Swakop Uranium and Rossing Uranium, with 2023 marking…
African Countries Express Interest in Namibian Beef
By: Nghiinonmenwa-vali Erastus Ghana, among the African nations importing beef from Namibia’s Northern Communal Areas (NCA), has expressed its desire to increase the volumes it imports. This was confirmed by Kingsley Kwenani, manager of the Rundu Abattoir in…
88% of NDTC Rough Diamonds Processed Locally
By: Nghiinomenwa-vali Erastus In 2023, the Namibia Diamond Trading Company (NDTC) disclosed that 88% of the rough diamonds sold had undergone full processing (polishing and cutting) within Namibia before export. This was revealed by NDTC’s Chief Executive Officer,…
Namibia Considers Installation of 100-300 Wind Turbines
By: Nghiinomenwa-vali Erastus In a bid to support the production of green hydrogen in the southern region of the country, proposals have been made to install between 100 and 300 wind turbines to generate wind energy for the…
Govt Considers Proposal to Disband NPTH
By: Nghiinomenwa-vali Erastus The government is on the brink of implementing its 2014 decision to disband its largest holding company, Namibia Post and Telecom Holdings Limited (NPTH). A readiness report detailing various strategies to implement this is currently…
Bannerman Seeks N$7 Billion to Finance Etango Project
By: Nghiinomenwa-vali Erastus Following the acquisition of a licence to extract its uranium reserve, Bannerman Mining Resources Namibia is now seeking approximately N$6.7 billion to construct the mine over the next 30 months. Werner Ewald, the company’s managing…