Category: Top Stories
Namibia’s President Hage Geingob Has Died at 82
BREAKING NEWS: Namibia’s third president, Hage Geingob, has died at the age of 82, in a local hospital in Windhoek at around 00h04 on Sunday.
Mining Sector Not Dominated by Chinese Investors, says Alweendo
By: Justicia Shipena Mines and Energy Minister, Tom Alweendo, has refuted claims suggesting that the mining sector is predominantly controlled by Chinese investors. Addressing the issue in a recent interview with Eagle FM, Alweendo dismissed the perception of…
Over 150 000 Cattle Exported on the Hoof… northern abattoirs only slaughtered 4,005 cattle in 2023
By: Nghiinomenwa-vali Erastus In 2023, Namibia’s livestock sector marketed a total of 294,938 cattle across various channels. Out of this, 151,808 were exported live on hoof to neighbouring SADC member states, while 104,549 were slaughtered at local A-class…
Paladin Energy Gets N$2.8 Billion Loan to Restart Langer Heinrich Mine
By: Staff Writer Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region. The debt facility…
TransNamib Hunts for a Lender’s Technical Advisor
By: Hertha Ekandjo TransNamib is in the process of appointing a Lender’s Technical Advisor to facilitate the finalisation of the N$2.6 billion loan it secured from financial institutions two years ago. The state-owned rail operator secured nearly two…
Over N$25 Billion Spent on Petroleum Imports Amidst Oil Discovery Excitement
By: Nghiinomenwa-vali Erastus and Joseph Jeremia Despite being among the top five African countries with high oil exploration demand, as per the 2024 State of African Energy Outlook, Namibia incurred a substantial expense of N$25.2 billion on petroleum…
The Economy Needs More Than Teachers and Nurses To Thrive – Analysts
By: Loise Shiimi Education stakeholders have been urged to play a more active role in guiding parents and secondary school graduates toward career paths that align with the country’s economic development and diversification goals. Over the years, Namibia has…
‘FIMA Should Not Threaten Private Sector Pension Funds’…private sector funds irked by lack of clarity on National Pension Fund proposal
By: Justicia Shipena The Namibian Building Workers Pension Fund (NBWPF) has expressed concern about the lack of clarity regarding the Financial Institutions and Market Act (FIMA) and its potential mandatory preservation requirements of retirement assets. “The fact that we…
Concerns Raised Over Uranium One’s Proposed In-Situ Leaching
By: Justicia Shipena The Stampriet Aquifer Uranium Mining Association (SAUMA) has raised serious concerns about potential violations of Namibian environmental laws in the Environmental Impact Assessment (EIA) process conducted for the in-situ leaching mining method proposed by…
Mining Sector Accounts for a Quarter of Namibia’s Electricity Consumption
By: Nghiinomenwa-vali Erastus The monthly Electricity Sectoral Reports from the Namibia Statistics Agency (NSA) reveal that approximately 25-26% of both locally generated and imported electricity is consumed by the mining sector in Namibia. This consistent trend has been…