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Namcor Outlines Project Progress Address Ahead of African Energy Week (AEW) 23
Following a series of upstream success, NAMCOR says the country is targeting first oil production by 2029. Namcor Acting MD Shiwana Ndeunyema and Executive for Upstream Exploration Victoria Sibeya at the national oil company delivered presentations during the Invest…
Namibia Looks To Acquire Minority Stakes In Petroleum Companies
The move comes amid surging concerns over the country’s key resources’ local ownership. Namibia is looking to take minority stakes in petroleum production companies, joining nations considering nationalisation of resources, reported Bloomberg News. A major producer of uranium and diamonds, the country…
World Economic Leaders Warn Of Economic Fragmentation Risk
…Economic interdependence and international trade still key Nghiinomenwa-vali Erastus At the height of Covid-19, many countries limited their export of certain goods or chose whom to sell to. Currently the same behaviour is being observed of countries grouping themselves, and…
Not Enough Done To Alleviate Youth Unemployment – Kavango East Youth
Annakleta Haikera The Parliamentary Standing Committee on Human Resources met with members of the public in Rundu on Wednesday, regarding parliamentarian Inna Hengari's motion on youth unemployment. During the proceedings, Eliud Mwaamenange from National African Student Association (NASA) said the…
Livestock Farmers Urged To Submit Their Drought Claims
Nghiinomenwa-vali Erastus The Agriculture and Water Ministry is inviting all farmers who are affected by droughts to submit their claims for funding assistance as they try to manoeuvre the harsh reality of dry conditions. The assistance for the farmers includes…
Namibia’s Private Sector Debt Hits N$119.1 Billion
Justicia Shipena Total private sector debt stands at N$119.1 billion, says Simonis Storm Securities in its April private sector credit extension report published on Thursday. This debt, which is 57.8% of the the country’s gross domestic product (GDP), includes both…
Nam Health System Below Par In Comparison To Peers
Nghiinomenwa-vali Erastus The healthcare system in Namibia has been found not to be performing well in comparison to other upper-middle income countries (UMIC). This is according to a study by the Economic Association of Namibia and Hanns Seidel Foundation titled,…
The Border Closed For 11 Fresh Produce Except For Washed Potatoes
Nghiinomenwa-vali Erastus Expected production figures for the month of June 2023 show that local producers will be able to meet the local demand for 11 special controlled horticultural products. However, the country will still be importing nine of the products,…
Beneficiaries Reject Okahandja Stalls, Citing Distance And Size Of Stalls
Justicia Shipena Beneficiaries of the Okahandja Open Market stalls dropped a bombshell on the municipality and telecommunications company MTC, stating the facility is small and located far away from customers. The Okahandja municipality and MTC inaugurated the open market on…
Fostering Employment Opportunities In Tourism
Justicia Shipena Erongo Governor Neville André contends that the environment and tourism industries are seen as low-hanging fruit to promote development through the creation of jobs by increasing tourism investment and arrivals. Speaking at the fifth Pan-African Youth in…