Author: Justicia Shipena
Economists Forecast Reduced Fuel Prices In Local Market
By:Justicia Shipena Simonis Storm Securities, in their oil market outlook for May 2023, predicts that local fuel price reductions will be announced in the upcoming months. On 3 May the Mines and Energy Ministry resolved to keep the petrol prices…
Broadcasting Industry Reaps Rewards With 6% Revenue Boost
By:Justicia Shipena According to the Communications Regulatory Authority of Namibia (Cran), the broadcasting industry saw a 6% increase in income in the final quarter of 2022. Cran published its fourth-quarter 2022 Telecommunications, Broadcasting and Postal Sector statistics on Thursday. The…
African Energy Chambers Projects Flourishing Green Hydrogen Sector For Nam
By:Justicia Shipena Sub-Saharan Africa has tremendous opportunities for green hydrogen development, with Namibia’s sector expected to flourish, the African Energy Chamber (AEC) has said. The AEC just published its first-quarter 2023 State of African Energy Outlook report. The report examines…
Namibia Still Failing To Be Independent In Power Supply – IPPR
By:Justicia Shipena Namibia imported more than 70% of its required power in 2022, as supply from the crucial Ruacana hydroelectric power project declined. The Institute for Public Policy Research (IPPR) announced this in its Namibia quarterly economic analysis for the…
!Gawaxab Calls On An Energy Transition Timeline That Boosts Investor Confidence
By:Justicia Shipena The Governor of the Bank of Namibia (BoN) Johannes !Gawaxab has urged government to develop an energy transition timeline that will boost investor confidence in the country. This follows Mines and Energy Minister Tom Alweendo’s statements on the…
Namcor Makes N$114 Million After-Tax Profit
By:Justicia Shipena The National Petroleum Corporation of Namibia (Namcor) made an after-tax profit of N$114 million in fiscal year 2021/2022, according to itsjust released annual report. “Namcor made an after-tax profit of N$114 million for the period under review, compared…
Askari To Hit Namibian Lithium Targets After Raising N$46m
By: Justicia Shipena Askari Metals will accelerate lithium exploration at its Uis project after meeting the conditions for $2.5 million (N$46 million) in strategic equity investment by global battery materials supplier Huayou International Resources. Huayou will subscribe for 4.5 million…
Govt Has No Plans To Set Up Lithium Plant Yet – Mining Commissioner … Says there is no money available
By: Justicia Shipena The Namibian government does not have the funds to establish a local lithium processing factory, according to Mining Commissioner Isabella Chirchir. This contradicts Mines and Energy Minister, Tom Alweendo’s announcement in February, that Namibia…
Namcor Cannot Share All Info On Oil Deals With Public…As BoN Governor calls for legal framework in the oil and gas sector
By: Justicia Shipena Suspended Managing Director of the National Petroleum Corporation of Namibia (Namcor) Immanuel Mulunga said clauses in Namibia’s oil agreements with international corporations require confidentiality, and that some information cannot be shared with the public. “Namcor being a…
Eenhana Sports Complex Nears Completion
By:Justicia Shipena The Eenhana sports complex, which has been under construction for almost ten years, is nearing completion and will be in the hands of the Sports Ministry by June of this year. This was revealed by the Minister of…