Category: Top Stories
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…
Mineral Agreements Lag Despite Legal Requirements
By: Justicia Shipena Despite legal requirements under the current Minerals Act, only one mineral agreement has been established to date — between Namdeb and the Namibian government. According to Erasmus Shivolo, the Mines and Energy deputy executive director,…
Oil Refinery Opportunities in Namibia Remain Open
By: Justicia Shipena Opportunities for establishing an oil refinery in Namibia are still open, with interest from various parties, according to Petroleum Commissioner Maggy Shino. Speaking at the 2024 Mining Expo and Conference, Shino addressed questions from Eagle…
City Challenges ECB Directive on Prepaid Meter Blockages
By: Hertha Ekandjo The Windhoek municipality has dismissed recent calls by the Electricity Control Board (ECB) to cease blocking prepaid electricity meters as a method for recovering arrears unrelated to electricity charges. The City argues that the ECB’s directive,…
Namibia Must Consider Nuclear Energy— Ndaitwah
By: Justicia Shipena Vice President Netumbo Nandi-Ndaitwah says Namibia should explore potential benefits from downstream nuclear value chain activities, as the country solidifies its position as a key supplier of uranium. Speaking at the 11th edition of the Mining…