Author: Justicia Shipena
Namibia’s Africa Exports Reach N$4.9 Billion In June
By:Justicia Shipena Namibia exported commodities worth N$4.9 billion to Africa in June, according to the Namibia Statistics Agency (NSA). The continent currently awaits to implement the African Continental Free Trade Area (AfCFTA). The AfCFTA is one of Agenda 2063’s…
No Violation Of Green Pacts With Oil Exploration- NIPDB
By:Justicia Shipena Having become a hub for oil exploration, Namibia’s investment promotion wing has stressed that it is not violating environmental protection pledges. The Namibia Investment and Promotion and Development Board’s (NIPDB) Chief Executive Officer NangulaUaandja said this during the…
Windhoek And Swakopmund Have Priciest Three-Bedroom Homes – First Capital
By:Justicia Shipena Windhoek and Swakopmund have Namibia’s highest construction costs for a typical three-bedroom home, says First Capital in its Building Cost Index for June 2023. The biennial report provides an insight into the trend of prices of building materials…
Green Bonds Financing Framework At Advanced Level
By:Justicia Shipena The creation of an Integrated National Financing Framework, which will unleash the power of green and blue bonds and encourage private sector participation in sustainable projects, is now at an advanced level. Deputy Finance Minister Maureen Hinda-Mbuende disclosed…
Local Sourcing: Hyphen Estimates 30% Local Procurement In Green Hydrogen Project …As procurement is anticipated to cost N$15 billion annually for four years
By:Justicia Shipena The government and Hyphen Hydrogen Energy’s just-launched Socio-Economic Development (SED) framework anticipate that 30% of local products and services would be procured during the construction and operating stages of the green hydrogen project in the ||Kharas region. Hyphen…
National Tax Burden: Citizens Owe The Tax Collector N$16 …As initial N$15 million tax refund fraud scheme approaches a billion
By:Justicia Shipena Namibian taxpayers owe National Treasury a total of N$16 billion in taxes, according to the Namibia Revenue Agency (NamRA). During a courtesy visit to State House on Thursday, NAMRA chief Sam Shivute, provided President Hage Geingob with an…
Outstanding Policies On Investment A Constraint – NIPDB
By: Justicia Shipena Pending investment laws may stifle Namibia’s efforts to attract foreign direct investment, according to Nangula Uaandja, Chief Executive Officer of the Namibia Investment Promotion and Development Board (NIPDB). In an interview with Eagle FM, Uaandja stated lack…
Post-Pandemic Financial Challenges: Namibians Decreased Saving Patterns
By:Justicia Shipena Saving money is a key financial habit that leads to financial stability and security in the long run. However, current trends show that Namibians are saving less, according to Sanlam Namibia Group Chief Executive Officer Tertius Stears. Speaking…
Mining Industry Database To Be Launched Next Month
By:Justicia Shipena Aimed at providing opportunities for Namibian entrepreneurs, a database on mining inputs and services will be introduced next month. This is to further promote local content in the sector. Beyond the resource earnings, local content is defined as…
Namibian Youth Call For Climate Action For A Sustainable Future
By:Justicia Shipena Namibian youth, driven by a desire for sustainability, advocated for renewable-powered baroles at the National Youth Climate Change Summit, to usher in a new era of energy consumption. Their demand for renewable-powered baroles demonstrates a deep knowledge of…