Category: Business
Namcor Outlines Project Progress Address Ahead of African Energy Week (AEW) 23
Following a series of upstream success, NAMCOR says the country is targeting first oil production by 2029. Namcor Acting MD Shiwana Ndeunyema and Executive for Upstream Exploration Victoria Sibeya at the national oil company delivered presentations during the Invest…
Namibia Looks To Acquire Minority Stakes In Petroleum Companies
The move comes amid surging concerns over the country’s key resources’ local ownership. Namibia is looking to take minority stakes in petroleum production companies, joining nations considering nationalisation of resources, reported Bloomberg News. A major producer of uranium and diamonds, the country…
World Economic Leaders Warn Of Economic Fragmentation Risk
…Economic interdependence and international trade still key Nghiinomenwa-vali Erastus At the height of Covid-19, many countries limited their export of certain goods or chose whom to sell to. Currently the same behaviour is being observed of countries grouping themselves, and…
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…
Fostering Employment Opportunities In Tourism
Justicia Shipena Erongo Governor Neville André contends that the environment and tourism industries are seen as low-hanging fruit to promote development through the creation of jobs by increasing tourism investment and arrivals. Speaking at the fifth Pan-African Youth in…
Sanlam and NIPDB Partner For Business Bridge Programme
Sanlam has partnered with the Namibia Investment Promotion & Development Board (NIPDB) for the 2023 Sanlam Bridge Programme. The programme serves as a launchpad for Namibian start-up business owners, who either already have a registered business not older than one…
Proposed Consumer Credit Draft Bill: What Does it Mean to Namibians?
By: Josef Kefas Sheehama There is a strong conviction that key stakeholders have the will and the capabilities to develop a robust credit market that will deliver on consumer's rights inclusion. Therefore, there is a need for legislative reform of…
Mining, Energy Sectors Lifeblood Of The Economy – Alweendo
Massive oil and gas reserves recently discovered off the coast of Namibia and the elevated global demand for critical raw materials and metals have created a window of opportunity for the transformation of the country’s economy. This is the view…
CAN Water Supply Systems Drop By 23.1 %
Hertha Ekandjo The water levels of the three major water dams that supply the central area of Namibia (CAN) with water have dropped by 23.1%. The levels of the Omatako, Von Bach and Swakoppoort dams, all combined, are currently at…