Category: Business
NIPDB Claims Billions in FDI Would Be Zero Without Its Role
By: Justicia Shipena The Namibia Investment Promotion and Development Board (NIPDB) claims that Foreign Direct Investment (FDI) over the last three years would have been nonexistent without its intervention. “For the past three years, FDI has reached billions,…
New EU Deforestation RegulationsTo Enhance Forest Governance
By: Justicia Shipena The introduction of the European Union’s new deforestation regulations presents Namibia with an opportunity to strengthen its forest governance, according to Agriculture, Water, and Land Reform Minister Calle Schlettwein. The regulation could help advance other…
Opinion: Inclusivity Depends on Skills and Access to Capital
By: Kandjengo kaMkwaanyoka The word “inclusivity” is often used by many who want to appear caring, but few offer practical solutions on how to achieve it. We can shout and give passionate speeches, but building an inclusive…
Paratus Drives National Data Usage Growth in Second Quarter
By: Nghiinomenwa-vali Erastus Namibia’s mobile data usage reached 33.4 million GB by the end of the second quarter of 2024, marking a 2% increase from 32.9 million GB in the first quarter. This data comes from the Quarterly Statistics…
Capricorn Group Reports N$1.74 Billion Profit After Tax
By: Justicia Shipena Capricorn Group has reported a robust financial performance for the year ending 30 June 2024, with profit after tax increasing by 9.9% year-on-year, reaching N$1.74 billion, up from N$1.58 billion in 2023. The Group’s return on…
AfCFTA Offers Best Opportunity to Eliminate Trade Barriers Across Africa
By: Dwight Links Cynthia Gnassingbe-Essonam, Senior Advisor to the African Continental Free Trade Area (AfCFTA) Secretariat, believes that Africa is in the best position to harness the potential offered by the AfCFTA. “Trade is currently being hindered by various…
25% of N$1.3bn Solar Project Reserved for Local Contractors
By: Nghiinomenwa-vali Erastus and Fransina Nghidengwa Two Chinese contractors, awarded N$1.4 billion for the Engineering, Procurement, and Construction (EPC) of a 100 MW solar plant near Rosh Pinah, are required to allocate at least 25% of the project…
Informal Cross-Border Trading Declines
By: Mathias Hangala The value of informal cross-border trade at all surveyed border crossings in November 2023 declined by 46.8%, from N$19.4 million in September 2019 to N$10.3 million. Of the N$10.3 million, exports accounted for 88.5%, while…
Telecom Partners with Marintel JV to Modernise Maritime Safety
By: Fransina Nghidengwa Telecom Namibia has announced a partnership with Marintel JV to upgrade the Global Maritime Distress and Safety System (GMDSS) infrastructure along the Namibian coastline. This modernisation, unveiled on Monday, aims to provide continuous coverage for…
World Bank Appoints First-Ever Joint Resident Representative in Namibia
By: Dolly Menas The World Bank Group has appointed Mariama Cire Sylla as its first-ever joint Resident Representative for Namibia, effective October 1, 2024. This newly created position aims to consolidate the World Bank Group’s services, offering…