Category: Top Stories
Savanna and Castelo to Be Bottled Locally
By: Hertha Ekandjo, Nghiinomenwa-Vali Erastus Namibia Breweries Limited (NBL) has invested N$337 million in a new wine packaging line and has expanded its warehouse and other packaging equipment. This initiative will allow NBL to domesticate the packaging of popular beverages…
Timber Theft Persists in Kavango West Region
By: Annakleta Haikera Timber theft continues to be a significant issue in the Kavango West region, with 400 timber planks reported stolen and subsequently recovered in August. According to police reports, several arrests have been made, but the situation…
Over 1,500 Agribank Clients to Benefit From N$116m Drought Relief
By: Nghiinomenwa-vali Erastus The Agricultural Bank of Namibia (Agribank) has announced plans to provide instalment relief totaling N$116 million to approximately 1,527 farmland and livestock account holders as part of the national drought aid program. This was confirmed by…
Local Content Policy for Petroleum Sector Gains Momentum
By: Justicia Shipena The Ministry of Mines and Energy says it is accelerating efforts to finalise the development Namibia’s local content policy aimed at enhancing local participation in the industry. The policy, called the National Upstream Petroleum Local Content…
6 Million Litres of Namibian Beverages Exported Across Africa
By: Nghiinomenwa-vali Erastus Namibia exported 60,519 hectolitres (six million litres)of alcoholic and non-alcoholic beverages in June 2024, with 98% of these exports destined for African markets, primarily South Africa, the Democratic Republic of Congo, Zambia, and Tanzania. According…
NaCC Approves Sale of Dundee’s Tsumeb Smelter to Chinese Miners
By: Hertha Ekandjo The Namibia Competition Commission (NaCC) has approved the sale of Dundee Precious Metals’ Tsumeb smelter to a subsidiary of a Chinese owned company called Sinomine Resources Group Co. Ltd. This means the transaction, which involves…
Namibia’s Food Self-Sufficiency: A Threat to South Africa’s Agriculture Industry
By: Hertha Ekandjo Namibia’s decision to close its borders to the importation of certain horticultural products from South Africa has posed significant challenges for South Africa’s agriculture sector. This has been particularly for citrus farmers who have been…
Over Half a Billion in GC24 to Remain with Government
By: Nghiinomenwa-vali Erastus Investors in the GC24 bond, which is set to mature this October, have decided to switch their N$530 million investment to other long-term bonds, allowing the government to retain and grow the funds while paying…
Electricity Generation Falls to Lowest Level in 2024
By: Nghiinomenwa-vali Erastus Namibia’s electricity generation in June 2024 fell to its lowest level of the year, producing only 152,224 MWh after five consecutive months of generating over 200,000 MWh. This significant drop in domestic generation led to…
NAM-MIC Issues 655,937 Shares to 522 Beneficiaries
By: Justicia Shipena The Namibia Mineworkers Investment Holdings Company (NAM-MIC), through its Just Transition Trust (JTT) Namibia Limited, has reached a significant milestone by issuing 655,937 shares to 522 shareholders. This announcement was made during the transition of…