Author: Staff Writer
Meatco increases revenue by 15%
By:Staff writer Meatco increased its revenue by 15% (from N$752 million to N$865 million) and a gross profit by 950% (from -N$ 2.8 million to $ 24 million), the country’s meat sector regulator has announced. This is according to the…
Namibia’s Honorary ConsulUrges Ugandans To Invest In Namibia
By Staff Writer : The Honorary Consul of Namibia to Uganda, Ambassador Godfrey Kirumira, has urged that country’s local investors to expand their investments to Namibia after the creation of an enabling economic environment. Ambassador Kirumira made the remarks while…
Urban Areas To Receive Boost As African Development Bank Fund Approves Grant For Solar Electricity In Informal Settlements
By: Staff Writer The African Development Bank’s Urban and Municipal Development Fund (UMDF) has approved a grant of $485,000 (N$7,22 million) for a solar electricity project in Namibia that will power some 50,000 households in the capital city. The…
Menzies to continue operations at HKIA until 4 July
By: Staff writer UK company Menzies Aviation will now continue with ground handling operations at the Hosea Kutako International Airport (HKIA) until at least 4 July, the Namibia Airports Company has announced. Menzies and the preferred bidder have been locked…
Equiano Subsea Cable To Boost Nam Internet Penetration By 7.5%
Staff writer The activation of the Equiano subsea cable in Namibia on Monday, could, according to an economic impact assessment conducted by Africa Practice and Genesis Analytics, increase internet penetration in Namibia by 7.5% by 2025. Paratus Group, the landing…
Namcor Keen On Active Role As It Firms Up Energy Ambitions
By: Staff Writer The National Petroleum Corporation of Namibia (Namcor) has set its sights on being more than just a passive partner in its burgeoning upstream sector. The state company is seeking to buy into assets beyond Namibia and intends…
Annual Inflation Up To 6.3% In May
By:Staff writer Namibia’s annual inflation has gone up to 6.3% in May compared to the 5.6% recorded the month before and the 5.4% seen in May 2022. According to the Namibia Statistics Agency (NSA), food and non-alcoholic beverages were the…
Temporary Asparagus Shortage In South Africa Expected To Be Resolved With New Namibia Project
By: Staff Writer Any shortage of asparagus in the South African market is only be temporary as a new Namibian project will soon supply the neighbouring market. It was reported on the Johannesburg municipal market’s website that an extremely low…
Namibia Best Place To Mine, Says Lithium, Tin, Tantalum Miner
By: Staff Writer According to Andrada Mining CEO Anthony Viljoen, Namibia is the best jurisdiction in Africa in which to mine. He said this at the Junior Indaba, a popular meeting place for junior miners, which took place in Johannesburg…
Nam Trade Exports Decrease By N$2.6 Billion
By: Staff writer Namibia’s export earnings went down by N$2.6 billion between March and April, from the N$10.2 billion recorded in the previous month to N$7.6 billion in April, according to the latest report of the Namibia Statistics Agency’s…