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Kelp Blue Pioneers Africa’s First Blue Bonds
By: Justicia Shipena Namibian kelp farmers, Kelp Blue, are set to become the first issuer of blue bonds in Namibia and Africa. The groundbreaking initiative was unveiled at the Namibian pavilion during COP28, marking a significant step towards financing investments…
Namibia Eyes N$372 Billion for a Sustainable Fuels Industry
By: Justicia Shipena Namibia is eyeing a financial commitment exceeding U$20 billion (N$372 billion) to establish a thriving green fuels industry. President Hage Geingob unveiled this ambitious plan during the high-level segment of the 28th Conference of Parties (COP28) to…
Govt Faces N$34.5 Billion Debt Repayment Challenge
By: Nghiinomenwa-vali Erastus The government faces the substantial task of repaying N$34.5 billion to investors as its bonds mature over the next four years. Bonds due for repayment in this obligation include GC24, GC25, GC26, GI25, GI27, and Eurobond 2025….
N$200 Million To Recruit New Teachers Has Already BeenSpent – Steenkamp
By: Annakleta Haikera The Ministry of Basic Education has revealed that the N$200 million earmarked for the recruitment of unemployed teachers has already been utilised. Responding to protests by hundreds of teachers who decry what they perceive as a teacher…
Namibia and Japan Strengthen Ties with Carbon Capture Financing Agreement
By: Justicia Shipena Namibia formalised its partnership with Japan by signing a Memorandum of Understanding (MoU) with the Japanese Bank for International Cooperation during the Conference of the Parties (COP 28). The agreement, spanning economic, environmental, and social sustainability, closely…
Kavango Communal Farmers Prepare for 2024 Crop Season
By: Annakleta Haikera As the rainy season unfolds, communal farmers in both Kavango regions are actively ploughing their fields in anticipation for the millet and maize season. However, some farmers are still finding it difficult due to limited access to…
Namibia Advances Renewable Energy Access in Africa at COP28
By: Justicia Shipena Leaders of the Accelerated Partnership for Renewables in Africa (APRA) have solidified their commitments to address energy access, security, and promote green growth across the continent. The groundbreaking move to drive the renewable energy transition in Africa,…
On-hoof Cattle Exports Declines as Fish Maintains Top Non-Mineral Spot
By: Staff Reporter Namibia experienced a 35.9% year-on-year (y/y) decrease in live cattle exports in October 2023, contrasting with a substantial 179.2% y/y surge in beef exports. The European Union emerged as the primary destination, trailed by South Africa and…
Mines Ministry Revamps EPL System
By: Justicia Shipena The Ministry of Mines and Energy is undertaking a strategic overhaul of its licensing application process to address challenges emerging from the country’s burgeoning oil discoveries. The shift aims to streamline operations, ensuring more efficient and effective…
NSFAF Wants N$2.5 Billion to Fund Students in 2024
By: Hertha Ekandjo The Namibia Student Financial Assistance Fund (NSFAF) says it needs about N$2.5 billion to be able to support approximately 23,700 eligible applicants next year. This was revealed by NSFAF Chief Executive Officer Kennedy Kandume during the launch…