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Namibia’s Africa Exports Reach N$4.9 Billion In June
By:Justicia Shipena Namibia exported commodities worth N$4.9 billion to Africa in June, according to the Namibia Statistics Agency (NSA). The continent currently awaits to implement the African Continental Free Trade Area (AfCFTA). The AfCFTA is one of Agenda 2063’s…
Petroleum Agreement Dictates Nam To Benefit 54%
By:Nghiinomenwa-vali Erastus The government is entitled to receive a share of any successful petroleum project once production has started, said the acting Managing Director of the National Petroleum Corporation of Namibia (Namcor) Shiwana Ndeunyema. In a presentation titled,“The Economic Impact…
El Niño Expected To Drive Food Prices Up Further
By:Staff writer Expected El Niño weather conditions are likely to further increase farmgate prices within the horticulture sector. This is after farmgate prices, the price of goods purchased directly from a farm, without markup added by retailers, have already outpaced…
Nam Has Imported N$340.8 Million Worth Of Rice …as the promising Kalimbeza rice project remains dormant
By:Nghiinomenwa-vali Erastus Namibia imported N$340,8 million worth of rice between June 2022 to June 2023, according to the latest Namibia Merchandise Trade Statistics Bulletin. The trade imports are highlighting the market gaps that exist as the country progresses in producing…
No Violation Of Green Pacts With Oil Exploration- NIPDB
By:Justicia Shipena Having become a hub for oil exploration, Namibia’s investment promotion wing has stressed that it is not violating environmental protection pledges. The Namibia Investment and Promotion and Development Board’s (NIPDB) Chief Executive Officer NangulaUaandja said this during the…
Transforming Investment Performance with AI
By:Angelo Pieters Artificial intelligence (AI) has ushered in a new era of data-driven decision-making in the world of portfolio management. By leveraging advanced algorithms, AI has revolutionised the interpretation and analysis of vast amounts of market data. This article examines…
Shell, Total Flag Namibia As A Major Work In Progress
By:Staff Writer Shell and TotalEnergies have posted upbeat takes on Namibia in their second quarter results, although short on actual numbers. Total CEO Patrick Pouyanné said Namibia was a priority for the company. Appraisal drilling on the Venus find was…
Rosatom Discovers New Major Uranium Deposit In Namibia, Hopes New Uranium Province Will Emerge In The Country
By:Staff Writer Russian state-owned atomic energy corporation Rosatom has discovered a large uranium deposit in Namibia. This, according to Kirill Yegorov-Kirillov, the Director of Mining Projects at Rosatom’s Uranium One Group, has given hope for the discovery of a new…
Nam Falling Short In Upholding Equality And Inclusivity- PDM
By:Nghiinomenwa-vali Erastus The official opposition leader McHenry Venaani said Namibia is falling short in upholding the principles of equality and inclusivity as outlined by the United Nations. At a press conference he held in Windhoeklast week, Venaani said 68% of…
Rundu Abattoir Resuming, As The North Struggle With Slaughter
By:Nghiinomenwa-vali Erastus The Meat Board of Namibia has indicated that the Rundu Abattoir is expected to resume operations in the coming months, with estimates pointing to the end of August 2023. The renovated abattoir will slaughter for both domestic and…