Category: National
Vehicle Sales Sector Recovery Not Guaranteed
By: Staff Writer The vehicle sales sector experienced a 2.4% year-on-year (y/y) decline in the 12 months ending in September 2024. According to analysts from IJG, this decline was largely driven by a continued drop in demand for passenger…
Repo Rate Expected to Decrease
Dolly Menas, Loise Shiimi Economic analysts expect the Bank of Namibia’s (BoN) Monetary Policy Committee (MPC) to cut the repo rate on Wednesday. BoN will announce the MPC’s decision after offering consumers relief in August and lowering the repo rate…
Half of EU Millions for Green Hydrogen Spent … N$95.2 million invested in green hydrogen strategy
By: Justicia Shipena Nearly half of the €40 million (approximately N$764 million) allocated to Namibia’s green hydrogen project from the European Union has already been spent. As Namibia advances its efforts to develop a green hydrogen industry, it…
Can the U.S. Help Namibia Secure its Place in the Green Hydrogen Sector?
By: Justicia Shipena As Namibia strives to position itself as a leader in the global green hydrogen sector, a critical question emerges: Will the United States become a viable investment partner, or could other emerging markets like South…
Drought Exposes Namibia’s Hydro Dependence
By: Nghiinomenwa-Vali Erastus Namibia imported 331,071 MWh of electricity in August 2024 as local power generation plummeted due to drought conditions, exposing the country’s heavy reliance on hydropower. Several southern African countries, including Namibia, Zambia, and Zimbabwe, are…
Borders Closed for 10 Fresh Produce Items in October
By: Loise Shiimi Namibia’s horticultural sector continues to meet local demand for various fruits and vegetables, leading to the closure of borders for the importation of 10 out of the 20 products on the special controlled products list from…
IPPR Warns Against Over-reliance on Green Hydrogen … calls for a diversified economic plan
By: Dolly Menas The director of the Institute for Public Policy Research (IPPR Namibia), Graham Hopwood, has cautioned against focusing solely on green hydrogen and the emerging oil and gas sectors as solutions to Namibia’s economic challenges. Hopwood…
NUST Increases Staff Salaries by 7%
By: Hertha Ekandjo The Namibia University of Science and Technology (NUST) has announced a 7% salary increase for its staff following negotiations with the Namibia Public Workers Union (NAPWU) and the Teachers’ Union of Namibia (TUN). In addition to…
Urgent Call for Boreholes in Ndiyona to Boost Food Security
By: Annakleta Haikera Ndiyona Constituency Councilor, Laurentius Mukoya, has called on the government to drill more boreholes in the Kavango East region to address ongoing food insecurity. His call follows several deaths in the area, suspected to be…
Govt Urged to Involve Local Products in Drought Relief Procurement
By: AnnakletaHaikera Kavango East businessman Isdor Muronga has called on the government to prioritise local small and medium-sized enterprises (SMEs) in the drought relief procurement process. Muronga, the founder of Ngongo Cooking Oil, made the appeal after donating…