Category: Business
ECB Weighs In On NamPower’s Debt Recovery Plan
By:Nghiinomenwa-vali Erastus The country’s electricity regulator has warned that, in the future, no debt recovery plan should compromise life-saving services and disturb the energy supply to those in good standing. This is in response to NamPower’s debt recovery plan that…
Anti-Competitive Behaviour Rocks Nam Economy…Now bankers are allegedly putting barriers for new property valuers
By:Nghiinomenwa-vali Erastus From the pharmaceutical companies fixing prices, collusion on panel beating and short-term insurance companies agreeing to unintentionally collude, more anti-competitive behaviour is being reported to the country’s competition watchdog. The latest is the property valuation sector where potential…
15 Days To Introduce Greylisting Averting Amendments …a litmus test of political will and commitment
By:Nghiinomenwa-vali Erastus Finance Minister Iipumbu has given his fellow parliamentarians 15 days to prioritise relevant amendments and to table new laws to address the country’s technical deficiency to fight financial crimes. Shiimi called for the highest political commitment, despite an…
Miners Ok With Ban But Not Minister’s Discretionary Power
By:Nghiinomenwa-vali Erastus and Fransina Nghidengwa The country’s miners’ representative has indicated the Cabinet’s decision to ban the export of critical minerals are not impactful to their operation but they will engage on the discretionary power given to the Minister of…
Total Royalties And Tax Revenues From Green Hydrogen Still Unknown
By: Justicia Shipena The amount of royalties and taxes the Namibian government expects to benefit from the Green Hydrogen project is currently unknown. This is according to Green Hydrogen commissioner and Presidential Economic Advisor James Munyupe who was responding to…
Engineer The Economy So It Speaks Reality, Says Iipumb
By: Fransina Nghidengwa Namibia needs to engineer the economy so that it speaks reality on the ground, Minister of Industrialisation and Trade, Lucia Iipumbu has said. Speaking at the Omaheke Employment Creation Conference on Wednesday, Iipumbu said government needs to…
Innovators Come Through To Solve Food Waste
By: Nghiinomenwa-vali Erastus Innovators and social entrepreneurs have submitted a total of 152 innovative solutions to reduce food waste in Namibia. The solutions were in response to the second phase of the Capricorn Foundation Food Waste Challenge (FWC), the Foundation…
Namibia Fish Consumption Promotion Trust, Unam Sign N$3 Million MoU
By: Hertha Ekandjo The University of Namibia (Unam) and Namibia Fish Consumption Promotion Trust (NFCPT) signed a memorandum of understanding and laid the ground for a national survey of fish consumption per capita. The survey, which will be done at…
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…
Namibian Uranium To Power The World With 441 Reactors
Nghiinomenwa-vali Erastus Namibia contributed 12% last year to the world’s primary production of uranium oxide, coming third after Canada and Kazakhstan at top. Not specific however, the China National Uranium Corporation owned Rössing Uranium’s latest report has indicated that there…