Author: Justicia Shipena
NamPower Receives Major Share of Government Electricity Subsidies
By: Justicia Shipena The Namibia Power Corporation (NamPower) will receive the largest portion of the funds the government has allocated for electricity subsidies. This development follows the Electricity Control Board’s (ECB) cancellation of scheduled electricity tariff increases after the…
Fisheries Ministry Denies Fishing Quotas Agreement With Angola
By: Justicia Shipena The Ministry of Fisheries has clarified that no bilateral agreement exists between Namibia and Angola regarding the sale of fishing quotas. This statement was made by the Executive Director of the ministry, Annely Haiphene, in response…
RMB Namibia Arranges N$900 Million Entrepo Loan
By: Justicia Shipena RMB Namibia has arranged and provided a N$900 million debt funding solution for Entrepo Holdings (Pty) Ltd, an enterprise that offers loan solutions to all permanent government employees. This marks one of the largest financial deals…
Fisheries Ministry Issues 148 Aquaculture Licences
By: Justicia Shipena The Ministry of Fisheries has issued 148 aquaculture licenses to date, aiming to facilitate the development of aquaculture through licences and permits for importing and exporting live aquatic organisms and aquaculture products. Deputy Minister of Fisheries…
Namibia Records Decline in Export Earnings While Import Bill Increases for May 2024
By: Justicia Shipena Namibia’s export earnings in May 2024 slightly decreased by 0.7% from April 2024, dropping from N$9.5 billion to N$9.4 billion, according to the monthly trade updates from the Namibia Statistics Agency. Conversely, the import bill for…
BIPA to Engage Stakeholders on Beneficial Ownership Sanctions
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced plans to consult with stakeholders on various concerns related to beneficial ownership sanctions. This consultation aims to address and clarify issues stakeholders have raised regarding the implementation…
Ministry Warns of Major Public Health Concern Over Alcohol and Drug Use
By: Justicia Shipena The Ministry of Health and Social Services has warned that the current rate of alcohol and drug abuse in the country could turn into a major public health concern if left unabated. The Ministry’s Executive Director…
Govt Debt Rises to N$153.8 Billion Amid Increased Issuance and External Loans
By: Justicia Shipena The government’s debt increased by 8.0% to N$153.8 billion at the end of March 2024, driven by a rise in the issuance of Treasury Bills (TBs) and Internal Registered Stock (IRS), as well as a surge…
Hyphen’s 10 GW Goal by 2030 a Technical Risk, Says Analyst
By: Justicia Shipena Hyphen Hydrogen Energy’s ambitious plan to develop a 10 GW electrolyser capacity by 2030 poses significant technical risks, according to economist and policy analyst Roman Grynberg. Electrolysers, which use electricity to split water into hydrogen and…
Maiden Drilling Program Confirms High-Grade Uranium Deposits
By: Justicia Shipena Canadian company Madison Metals Inc. has confirmed high-grade uranium deposits at its Khan Uranium Project in Madison West, located in Namibia’s Central Erongo Uranium province. Namibia is the world’s second-largest uranium producer and holds the…