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Credit BorrowingIn Namibia: A 55% Family Stake
By:Justicia Shipena Credit extended during the month of July to the private sector currently stands at N$119.2 billion, with 55% owned by families, 38% by businesses, and 6% held by foreigners, the Simonis Storm’s Securities’ latest report stated. This comes…
Finland Scouting Finnish Companies For Namibia’s Green Hydrogen …As Namibia’s administrative challenges highlighted by European corporations
Justicia Shipena Finland says it is busy searching for Finnish companies to collaborate on its Green Hydrogen initiatives in Namibia. During an interview with Eagle FM during the Mining Expo and Conference, the Finnish Ambassador for Trade and DevelopmentMinistry for…
Mining Exports Generate N$26,6 Billion In Five Months …diversification remains an elusive dream
By:Nghhinomenwa-vali Erastus The extractive sector still dominates the country’s economic outlook. Mining has been dominating past and current trade statistics, as the country’s export basket refuses to change despite political intentions. For the past five months, Namibia’s top export commodities…
New N$600 Million DBN Loan To Focus On Large-Scale ‘Green’ Projects
By: Annakleta Haikera The Development Bank of Namibia (DBN) has taken up another concessional loan from the German Development Bank, the Kreditanstallt fuer Wierderafbau (KfW) of about N$600 million ( about €30 million) for the funding of climate-mitigation infrastructure. The…
Does Anyone Know What Is Economically Happening in Oshakati
By:Kandjengo kaMkwaanyoka Before I go further, I want to confess that I am from Oshakati, Okandjengedi pokeefe yatate Jesaya. I just want to pick a fight with the leadership in charge of my place of birth, the youth and economic…
Otjipupa Investment Group Donates Mattresses to Okorosave and Orumana Hostels
By:Uakutura Kambaekua Otjipupa Investment Group, through the Vita Royal House and the Otjikako Traditional Authority, has donated 100 mattresses to Okorosave Primary School and Otjerunda Combined School on Wednesday. This was part of its commitment to social development in the…
Kavango West Receives 4000 Bags Of Maize Meal ForDrought-Stricken Households
By:Annakleta Haikera The Kavango West Regional Council on Monday received a donation of 4,000 bags of maize meals from renowned businessman Winnie Merzerger, of Metzger Drilling, at Musese Green Scheme in the Kavango West region. The maize meal bags are…
Namibia’s Crop Harvest Dips By 9% In 2022/23 …as most homes drained of food reserves
By:Justicia Shipena The Vulnerability Assessment and Analysis (VAA) report shows that Namibia has harvested 9% less during the 2022/23 cropping season. On Wednesday, the office of the Prime Minister officially released the Integrated Phase Classification (IC) report on the findings…
Southern Africa Has An Electricity Deficit Of 9,779 MW …SA accounts for 92% of this deficit, Namibia third
By:Nghiinomenwa-vali Erastus The Southern Africa Power Pool (SAPP) has indicated that the market for electricity generation is massive as the 12 member countries have over 9,8 Gigawatts of electricity needs. Thus, many Namibian power producers are opting to fill this…
Calls Raised For Social Protection For Artists, Cultural Professionals
By:Eva-Rakel Johannes The social protection for artists &cultural professionals’ in Namibia has been the focal point of public discussion at the National Art Gallery of Namibia (NAGN) in Windhoek on Tuesday. The Ministry of Education, Arts and Culture (MoEAC) and…