Author: Staff Writer
Understanding the Context of Pensions in Namibia in 2023 – Part 2
By: Carmen Forster Minimum Contributions Even if a retirement fund member diligently preserves his/her retirement savings benefit, he/she will not be able to save enough to achieve a reasonable level of post-retirement income (around 75% of their pre-retirement salary)…
Understanding the Context of Pensions in Namibia in 2023
By: Carmen Forster Part 2 Earlier this year, I wrote an article that highlighted how retirement benefits are provided for in Namibia under Pillar 0 of the World Bank Model for Pension Provision. In this article, we will consider…
AfriBlocks Leverages KyckGlobal’s Cross-border Payments To Connect African Freelancers To Global Firms
By:Staff writer AfriBlocks, the Pan-African freelance talent marketplace, has recently integrated with KyckGlobal to offer the Visa push-to-card payment method for freelancers in four African countries – Kenya, Zambia, Ghana, and Namibia. This move aligns with AfriBlocks’ mission to provide…
Namibian-Chinese Joint Venture To Build 50 MW Wind Power Plant
By:Staff writer Namibia’s power utility, NamPower, and CERIM Luderitz Energy, a joint venture between Energy China and locally owned Riminii Investments, on Monday signed power purchase and transmission connection agreements. This is to develop a 50 MW wind power plant…
Vehicle Sales Rise Despite Looming Repo Rate Increase
By:Staff writer An increase in the interest rate could not deter the vehicle sales sector recording its highest sales in nearly six years. At least 1,226 units were sold in March, compared to 1,280 units sold in July 2017. Bank…
Minister Alweendo To Speak At Invest In African Energy Forum Paris
By: Staff Writer The African Energy Chamber (AEC), the voice of Africa’s energy sector, has announced that Minister of Mines and Energy Tom Alweendo will speak at the Invest in African Energy Forum in Paris on 1 June. The…
Why Are We Drilling For Fossil Fuels When We Could Be Planting Hemp?
The 2023 Intergovernmental Panel on Climate Change (IPCC) Report on the impacts of climate change has just been released and the outlook is bleak.We need to act now if we want our children to have any future or a habitable…
Namibia, Angola Ministers Discuss Natural Resources, Combat Trafficking
Mines and Energy Minister Tom Alweendo hosted an Angolan delegation headed by that country’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, in Windhoek this week, to exchange experiences in the field of mining, mining cadastre and hydrocarbons and…
Africa Oil Focuses Nigerian And Namibian Orange Basin Assets
The Canadian full-cycle upstream oil and gas company is maintaining its primary focus this year on its Nigerian and Namibian Orange Basin assets Africa Oil Corp is a top-tier performer with high-quality producing assets and a strong balance sheet. Equally important,…
Subsidies from Wealthy Nations Disproportionately Harm Poorer Countries, New Study Finds
By: Staff writer A new research, supported by New Oceana has found that harmful fisheries subsidies from wealthy nations like China, Spain, and the United States are disproportionately impacting poorer nations like Namibia , Guinea-Bissau and Somalia that depend on…