Category: Top Stories
Govt to Borrow N$15.3 Billion This Year
By: Nghiinomenwa-vali Erastus The government wants to borrow up to N$15.3 billion from various financiers, including individuals, institutions, and others, to meet its budgetary commitments and repay maturing debts during the current financial year. This 2024/25 financing need represents…
Labour Commissioner Drops Hammer on Non-Compliant Trade Unions
Loise Shiimi Seven trade unions and one employer’s representative have been deregistered and stopped from representing workers or employers in their respective sectors. In a decisive move, Acting Labour Commissioner Emma Nikanor announced the deregistration of the concerned trade…
World Bank Approves Namibia’s N$2.6 Billion Energy Project Funding
Hertha Ekandjo The World Bank on Tuesday approved a N$2.6 billion financial package aimed at bolstering Namibia’s energy infrastructure by expanding its transmission network and integrating renewable energy sources into the grid. The Transmission Expansion and Energy Storage (TEES)…
Kavango East Green Schemes Set to Begin Sunflower Oil Production
By: Annakleta Haikera The Shadikongoro Green Scheme Irrigation Project and the Sikondo Green Scheme Irrigation Project are set to commence processing sunflower seeds into cooking oil. This was announced by the Ministry of Agriculture, Water and Land Reform following…
Only 17 University Graduates Placed on the Job Market in Three Months
By: Nghiinomenwa Erastus Out of approximately 352 job seekers placed by the Labour Ministry’s Directorate of Labour Market Services between January and March this year, only 17 held university degrees, according to the ministry’s Quarter Four Report (Jan-March…
Companies Fined Over N$13 Million for Anti-Competitive Practices
By: Nghiinomenwa-vali Erastus The Namibia Competition Commission said it imposed N$13.1 million in penalties on various companies for engaging in anti-competitive behaviour between August, 2022 and December last year. Most of these penalties stemmed from collusion among insurance…
Cleanergy Solutions to Start Green Hydrogen Production By Year’s End …as phase one of the project gets launched
By: Justicia Shipena A Belgian shipping company called Compagnie Maritime Belge (CMB.TECH), expects Namibia to start producing green hydrogen by the end of the year in Namibia. The company plans to work with the Ohlthaver & List Group (O&L)…
Namibia’s Reliance on Avocado Imports Revealed
By: Loise Shiimi Namibia’s dependence on imported avocados has been highlighted in recent data released by the Namibia Agronomic Board (NAB). According to the report, Namibia brought in 756 tons of avocados valued at N$14.5 million in the…
Devil’s Claw Export Value Exceeds N$41 Million Annually
By: Hertha Ekandjo Exports of Devil’s Claw raw material have averaged one million kilograms per year, with an estimated export value in Namibia of USD 2.13 million (N$41 million) annually. This raw material, exported to various international markets,…
Only N$165.1 Million Switched from GC24’s N$2.3 Billion
By: Nghiinomenwa-vali Erastus In its fifth attempt to persuade investors holding GC24 bonds to switch to other long-term bonds, the Bank of Namibia only managed to move about N$165 million of the total bond value. The Bank of…