Category: National
Musheko Joins Namibia Green Hydrogen Programme
By: Nghiinomenwa-vali Erastus Jona Musheko has been appointed to lead external affairs and communications for the Namibia Green Hydrogen Programme (NGH2P), effective 3 October 2024. The programme made the announcement in a statement yesterday. Previously serving as the…
Government Debt Reaches N$123 Billion
By: Staff Writer Namibia’s government debt rose to N$123.51 billion by the end of September, an increase of N$2.04 billion by October. Analysts at Simonis Storm Securities (SSS) attributed most of the growth to fixed-rate bonds (GCs), which…
NASRIA Assets Grow to N$869 Million
Hilya Ngolo The Namibia Special Risks Insurance Association Limited (NASRIA) saw its total assets increase from N$841 million in 2023 to N$869 million in 2024. This 3.2% growth was primarily driven by an increase in financial assets. Speaking…
AbInBev Plans Additional 50,000 Hcl Beer Production Expansion
By: Hertha Ekandjo AbInBev Breweries has announced plans to expand its local production by installing two additional tanks, complementing those added in 2019. The brewery has also acquired land for future expansions aimed at promoting local brands and…
Construction of the N$44bn Ammonia Hub to Begin Next Year
By: Justicia Shipena The construction of the ambitious ammonia hub in Walvis Bay which is estimated to cost over N$44 billion (€2.2 billion) is set to begin next year. The project is a collaboration between Namibia and Belgian…
//Kharas, Erongo, Hardap, Omaheke Dig Deepest into Pockets for Beef Stew
By: Staff writer People in the //Kharas, Erongo, Hardap, and Omaheke regions paid the most for beef stew per kg at N$96.71 in September 2024. Residents in these regions also paid the most for 750ml white wines in bottles,…
Fraud Across Payment Systems Decreases
By: Dolly Menas The Bank of Namibia’s Financial System Stability Committee (FSSC) has reported a decline in fraud across payment systems in the country. The committee emphasised that Namibia’s payment systems and infrastructure remain secure, playing a crucial…
Okongo Farmer Grows Over 60 Banana Trees
By: Loise Shiimi A farmer from Okongo, Elia Wanghende who has been conducting research for many years on how to grow and maintain bananas, has managed to grow 60 plantain trees on his farm. Speaking to Eagle FM,…
65% of Namibian Pork Imports Came from Germany in August
By: Nghiinomenwa-vali Erastus Namibia imported 724,174 kg of pork, primarily in the form of offal, processed, and fresh pork, to supplement local production last month. This was revealed by the Namibia Livestock and Livestock Product Board (LLPB) in…
Ratings Agency Affirms Bank Windhoek
By: Staff writer The Global Credit Rating (GCR) agency has affirmed Bank Windhoek’s Namibian long and short-term national scale issuer ratings AA(NA)/ A1+(NA), respectively. GCR Ratings (GCR) is Africa’s leading rating agency, with a rating coverage of over 500…