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Namibia’s Fish Product Trade Surpluses Reach N$3.8 Billion In Q1 2023
By:Justicia Shipena Trade of fish products showed surpluses in the first quarter of 2023, increasing from N$2.9 billion in the first quarter of 2022 to N$3.8 billion in the first quarter of 2023, according to the Namibia Statistics Agency (NSA)….
EIF And Dutch Partners Announce Joint Effort To Catalyse Green Hydrogen Investments
By:Justicia Shipena Namibia’s Environment Investment Fund (EIF) will collaborate with two Dutch entities in the establishment of the sovereign wealth fund SDG Namibia One. The two entities are Invest International and the Climate Fund Managers. Invest International is providing grant…
Nam Close Corporation Companies Being Used To Fund Terrorism And Money Laundering …Namibian Police have a CC suspected as a potential subject of terrorist acts and terrorist funding
By:Nghiinomenwa-vali Erastus It has been found that Close Corporations (CCs) are most vulnerable to be used for money laundering and for terrorist financing in Namibia. This is according to the Financial Intelligence Centre (FIC) Report titled Terrorist Financing Risks In…
Why Namibia Must Act Now To Guarantee Fiscal Stability For Energy Investors And Avoid Delays
NJ Ayuk The world is watching Namibia. To be more specific, the energy world is watching. Ever since oil and gas majors Shell (United Kingdom) and TotalEnergies (France) announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin in 2022,…
Namibia’s Honorary ConsulUrges Ugandans To Invest In Namibia
By Staff Writer : The Honorary Consul of Namibia to Uganda, Ambassador Godfrey Kirumira, has urged that country’s local investors to expand their investments to Namibia after the creation of an enabling economic environment. Ambassador Kirumira made the remarks while…
Nevonga Says Parliamentary Committee Has Has No Judicial Power Over Napwu
By:Fransina Nghidengwa Proceedings did not go as planned during the Parliamentary Standing Committee on Human Resources and Community Development consultative meeting with NAPWU on the Namibia Broadcasting Corporation’s (NBC) strike on Tuesday. The chaos erupted after the Secretary General of…
Our Current Laws Are Too Rigid, Says Mines Executive Director
By:Dwight Links When speaking at a recent panel discussion on governance on natural resources in Windhoek, the Executive Director of the Ministry of Mines and Energy Bryan Eiseb said Namibia’s laws around its natural resources are too outdated. “If you…
Illegal Betting To Face Fines And Imprisonment
By:Hilya Ngolo The Ministry of Environment, Forestry and Tourism on Tuesday declared betting in the country as illegal, further warning against illegal lottery activities taking place in the country. Minister Pohamba Shifeta said it is a concern to continue observing…
OPEC’s Production Cuts Aimed AAt Maximising Revenue, Petroleum Economist Asserts …Namibia local fuel to feel the pinch less
By:Justicia Shipena The cutting of oil production by oil producers led by the Organisation of the Petroleum Exporting Countries (OPEC+) is a tactic for them to generate more revenue, Mines and Energy Ministry’s Petroleum Economist Abednego Ekandjo has said. Earlier…
Nam To Assess Angola Lobito Refinery Stake Offer …in light of Ngungula Service
By:Nghiinomenwa-vali Erastus Namibia will look into a proposal by Angola for the country to buy a stake in the planned Lobito Refinery, according to the updates from the Ministry of Mines and Energy. The Ministry spokesperson Andreas Simon said this…