Author: Justicia Shipena
Mining and Agriculture Propel Namibia’s Q3 Economic Growth
By: Justicia Shipena Namibia experienced substantial economic growth in the third quarter of 2023, primarily driven by the mining and agriculture sectors, according to the Namibia Statistics Agency (NSA). The GDP report for Q3 2023, released on Thursday, reveals positive…
Banking Sector Assets Valued at N$174.6 Billion
By: Justicia Shipena The banking sector in Namibia witnessed a 1,5% increase in total assets value, reaching a staggering N$174,6 billion in the third quarter of 2023. This growth was primarily attributed to rises in cash and bank balances, short-term…
Geingob Calls for Financial Discipline in the Military
By: Justicia Shipena President Hage Geingob has called upon the Namibian Defence Force to exercise financial prudence by prioritising operations and projects within the constraints of its allocated budget. He emphasised the importance of achieving more with fewer resources and…
Hyphen Gets N$95 Million Funding For Green Hydrogen
By: Justicia Shipena Hyphen, the company piloting the development of green hydrogen in Namibia has secured funding amounting to about N$95 million to propel engineering, environmental, and socioeconomic development initiatives associated with its projects. This followed the finalisation of a…
Decline in Local Travels Irks Hospitality Association
By: Justicia Shipena The Hospitality Association of Namibia (HAN) has reported a decline in local travel for the current year, indicating a departure from the trend observed in 2019. Gitta Paetzold, the organisation’s CEO, expressed concern over the relatively low…
Shift In Investments Focus To Impact Fuel Prices
By: Justicia Shipena The declining trend of investments into oil and gas attributed to the global emphasis on reducing carbon emissions and protecting the environment is one the factors influencing oil prices hikes. This is according to Petroleum Economist…
Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments…
Namibia Eyes N$372 Billion for a Sustainable Fuels Industry
By: Justicia Shipena Namibia is eyeing a financial commitment exceeding U$20 billion (N$372 billion) to establish a thriving green fuels industry. President Hage Geingob unveiled this ambitious plan during the high-level segment of the 28th Conference of Parties (COP28) to…
Namibia and Japan Strengthen Ties with Carbon Capture Financing Agreement
By: Justicia Shipena Namibia formalised its partnership with Japan by signing a Memorandum of Understanding (MoU) with the Japanese Bank for International Cooperation during the Conference of the Parties (COP 28). The agreement, spanning economic, environmental, and social sustainability, closely…
Namibia Advances Renewable Energy Access in Africa at COP28
By: Justicia Shipena Leaders of the Accelerated Partnership for Renewables in Africa (APRA) have solidified their commitments to address energy access, security, and promote green growth across the continent. The groundbreaking move to drive the renewable energy transition in Africa,…