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Lobito Oil Refinery Will Be The Biggest In Angola And Southern Africa … with 200,000 barrels per day
By:Nghiinomenwa-vali Erastus The planned Lobito Oil Refinery, in which Angola offered Namibia equity, will be the largest in Angola, with 200,000 barrels per day expected to be refined at that coastal town. This is according to a presentation madeto a…
The Importance of Retirement Planning
By:Imilda Gases Retirement planning is of paramount importance for individuals to secure their financial future and to maintain a comfortable lifestyle after they stop working. A tragedy that we often see in Namibia is that after a successful working career,…
Paratus, Ceragon Sign Multi-Year Partnership In Angola, Mozambique And Namibia
By staff writer Telecommunications and network company Paratus and wireless communications company Ceragon Networks on Monday signed a multi-year agreement to provide high-capacity wireless offshore communication solutions to the oil and gas industry in Angola, Mozambique and Namibia. The agreement…
Diamond Industry Experts Hail Botswana-De Beers Deal
By:Staff writer Diamond industry experts are hailing the signing of a 10-year diamond sales agreement between the De Beers Group and Botswana, Africa’s largest diamond producer. Under the deal, Botswana will progress from receiving 30% to half of all diamonds…
Parly Passes Bill To Regulate Crypto And Digital Assets
By: staff writer Parliament is making headway in establishing its position on the digital financial landscape. The National Assembly recently approved a pivotal bill, the objective of which is to legalize and govern virtual assets, such as cryptocurrencies. Now in…
Nam’s Economic Outlook: Managing Global Change and Taking Advantage Of New Opportunities
By:Tyrone van Wyk Like many other countries, Namibia is faced with a challenging economic environment created by global macro changes. The immediate financial outlook for Namibia is examined in this article. Additionally, the potential that green hydrogen as an emerging…
Billion Dollar 100MW Planned Solar To Feed The Grid And Export
By:Nghiinomenwa-vali Erastus O&L Nexentury’s planned N$1 billion solar plant will be connected to one of Nampower’s largest substations and feed in the country grid. The plant, which will be the country’s largest, will contribute to the local generation as an…
Health Minister Shangula Sounds Alarm On Dangers Of Illegal Narcotics
By:Justicia Shipena The presence of illegal narcotics and other substances in Namibia, according to health minister Kalumbi Shangula, is a major problem for the country. Speaking at the inauguration of the National Drug Control Commission on Friday, Shangula said the…
Fuel Prices Drag Down Agri-inflation, As Urea Refuses To Budge
By:Nghiinomenwa-vali Erastus Agri-inflation came down to 8.7% in the first quarter of 2023 slowing down from 2022 levels above 15% when comparing year-on-year. This is according to the first Quarter Agri-Review 2023compiled by the Namibia Agricultural Union (NAU) researcher…
Declining Inflation Offers Little Relief As BoN Governor Emphasises Ongoing Economic Vulnerability
By:Justicia Shipena Amidst the high cost of living and inflation shocks driving down, countries are not out of the woods yet, the Governor of Bank of Namibia (BoN) Johannes !Gawaxab has said. For the second quarterly Common Monetary Area (CMA)Governors’…