Category: Top Stories
Angola’s Kwanza Now a Settlement Currency in SADC…Botswana Pula is next
By: Nghiinomenwa-vali Hangala The Angolan kwanza has become the second settlement currency to be introduced in the SADC real-time gross settlement (SADC-RTGS) system, which has settled transactions exclusively in South African rand since its inception in 2013. The South African…
Etango Mine Being Developed by 560 Personnel Across 4 Local Contractors
By: Nghiinomenwa-vali Hangala There are more than 560 contractor workforces from four Namibian contractors currently developing earthworks, civil construction, aggregate production and infrastructure work for the Etango Uranium Mine. This was revealed in the Bannerman Energy Quarterly report for…
Venus Well Development and Operation Investment Estimated at US$18bn …over US$2 billion will be spent locally
By: Nghiinomenwa-vali Hangala The Venus well project, which is on the cusp of its Financial Investment Decision (FID), is estimated to require capital development/investment of over US$11 billion in the development phase. If developed, it will further require…
ECOWAS To Launch a Single Currency By 2027
By: Helmut Mahongo The Economic Community of West African States (ECOWAS) has reaffirmed plans to launch a single currency dubbed the ECO by next year. The union announced this after its 69th ECOWAS summit of Heads of State…
Creative Industry Receives N$1.6 Million Injection
By: Hee-Dee Walenga The Ministry of Education, Innovation, Youth, Sports, Arts and Culture will channel N$1.6 million to eight entrepreneurs in the creative industry. The Ministry along with the Basecamp Business Incubator held a ceremony on Monday morning to…
Namibia Primed to Enter Rare Earths Market
By: Dwight Links Peter Warren and his team from the UN’s Industrial Development Organisation (UNIDO) said that Namibia does have the potential to become a major player in the world’s Rare Earth Minerals industry. He was speaking at a…
Africa FDIs Mostly Seek Minerals and Hydrocarbons
By: Nghiinomenwa-vali Hangala An analysis of foreign direct investment flows in 2025 shows that they mainly flowed to the extraction of minerals, hydrocarbons, energy infrastructure, and a few selected manufacturing activities. The 2026 World Investment Report broke…
Commercial Utilisation of Neckartal Dam Not Yet in Sight
By: Nghiinomenwa-vali Hangala The Ministry of Agriculture, Water, Fisheries and Land Reforms has told the Parliamentary Committee that a lack of finances has prevented them from buying land to develop the Neckartal Dam Irrigation Project. The…
Namibia Spent N$46.2 billion on Consumable Imports
By: Nghiinomenwa-vali Hangala Namibian consumers have spent N$46.2 billion importing consumables over the past 5 quarters (2025 to Q1 2026), according to the merchandise account. The Merchandise Account is part of the country’s Current Account and is…
Domestic Electricity Sales Stuck Below 340,000MWh Per Month
By: Nghiinomenwa-vali Hangala Since 2023, domestic monthly electricity sales have only reached 400,000 MWh once, and have been stuck below 340,000MWh for the past 39 months. Electricity sales are one of the main indicators of economic activity in the…