Author: Justicia Shipena
Namibia Mulls Law Amendments To Strengthen Food Production, Reduce Imports
By:Justicia Shipena Namibia is making changes to its Meat Industry Act to include dairy and poultry, aiming to strengthen the country’s food production and reduce reliance on imports. On Wednesday, Minister of Agriculture, Water and Land Reform Calle Schlettwein presented…
Namibia’s Fish Product Trade Surpluses Reach N$3.8 Billion In Q1 2023
By:Justicia Shipena Trade of fish products showed surpluses in the first quarter of 2023, increasing from N$2.9 billion in the first quarter of 2022 to N$3.8 billion in the first quarter of 2023, according to the Namibia Statistics Agency (NSA)….
EIF And Dutch Partners Announce Joint Effort To Catalyse Green Hydrogen Investments
By:Justicia Shipena Namibia’s Environment Investment Fund (EIF) will collaborate with two Dutch entities in the establishment of the sovereign wealth fund SDG Namibia One. The two entities are Invest International and the Climate Fund Managers. Invest International is providing grant…
OPEC’s Production Cuts Aimed AAt Maximising Revenue, Petroleum Economist Asserts …Namibia local fuel to feel the pinch less
By:Justicia Shipena The cutting of oil production by oil producers led by the Organisation of the Petroleum Exporting Countries (OPEC+) is a tactic for them to generate more revenue, Mines and Energy Ministry’s Petroleum Economist Abednego Ekandjo has said. Earlier…
Cabinet Bans Exports Of Lithium And Other Essential Minerals
By: Justicia Shipena The Cabinet has authorised the ban on exporting crushed lithium ore, cobalt manganese, graphite, and rare earth elements. Peya Mushelenga, the Minister of Information and Communication Technology, said in his briefing of Cabinet decision made at its…
Total Royalties And Tax Revenues From Green Hydrogen Still Unknown
By: Justicia Shipena The amount of royalties and taxes the Namibian government expects to benefit from the Green Hydrogen project is currently unknown. This is according to Green Hydrogen commissioner and Presidential Economic Advisor James Munyupe who was responding to…
PG Imalwa Says Namibia is Waiting for Fugitive De Klerk
By: Justicia Shipena Prosecutor General Martha Imalwa, says ‘We are waiting for him’ regarding Fishrot accused fugitive lawyer Maren de Klerk, who was recently arrested in South Africa. The 55-year-old is wanted in Namibia for racketeering, fraud, corruption and money…
Grootfontein Has Economic Potential – Mayor
By: Justicia Shipena Grootfontein Mayor Talitha Garises said her town has significant business opportunities for investors and economic potential for the country. Garises said this when welcoming delegates to the 8th Public Enterprise CEO Forum which took place at the…
Namibia’s Private Sector Debt Hits N$119.1 Billion
Justicia Shipena Total private sector debt stands at N$119.1 billion, says Simonis Storm Securities in its April private sector credit extension report published on Thursday. This debt, which is 57.8% of the the country’s gross domestic product (GDP), includes both…
Beneficiaries Reject Okahandja Stalls, Citing Distance And Size Of Stalls
Justicia Shipena Beneficiaries of the Okahandja Open Market stalls dropped a bombshell on the municipality and telecommunications company MTC, stating the facility is small and located far away from customers. The Okahandja municipality and MTC inaugurated the open market on…